- Herbalife Nutrition ( NYSE: HLF ) is withdrawing its full-year 2022 guidance due to "rapidly shifting macroeconomic sentiment" and "increased volatility."
- The company made the disclosure in its Q3 2022 earnings results in which the top-line came in inline, while it beat on the bottom line.
- Q3 Non-GAAP EPS of $0.91 was a beat by $0.11 . Net income of ~$82.2M, however, was a 30% drop from the year-ago period ($0.83 per diluted share vs. $1.09).
- Revenue of ~$1.3B was a ~9% year-over-year decline.
- Herbalife noted that sales trends that softened through the Q3 are expected to continue into Q4.
- The company ended the quarter with cash and cash equivalents of $532.5M, an ~11% decrease from Dec. 31, 2021.
- Seeking Alpha's Quant Rating views Herbalife ( HLF ) as a hold with high marks for valuation and profitability .
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Herbalife withdraws full-year 2022 guidance as its Q3 results beat on bottom line