Herbalife delivers again another record quarter despite all the smoke around it at Wall Street. I believe its number 15 in a row.
However, I found it quite funny watching the Media “Experts” reporting about the Herbalife record quarter, and pointed out a drop of new recruited distributors as negativ….
Funny; because it shows that still many who are reporting about the direct sales business, actually don’t understand it.
When the revenue of a large company rises with less new distributors that is positiv!
It simply means that Herbalife Distributors retailing MORE THAN EVER and having more customers than ever. Retail first, team expansion (recruiting) second. And no better proof that Herbalife is a very real and legitimate company, and its Distributors succeeding in the right way.
Shop Herbalife Products 24/7 online, delivered to your doorstep.
Here’s the official HLF release:
LOS ANGELES–(BUSINESS WIRE)– Herbalife Ltd. (NYSE: HLF) today reported first quarter net sales of $1.1 billion, reflecting an increase of 17 percent compared to the same time period in 2012 on volume point growth of 13 percent. Adjusted1 net income for the quarter of $137.4 million, or $1.27 per diluted share, compares to 2012 first quarter net income of $108.2 million and EPS of $0.88, respectively. On a reported basis, first quarter 2013 EPS of $1.10 increased 25 percent compared to the $0.88reported in the comparable quarter last year.
“We continue to deliver record results in sales and profitability as our independent distributors successfully execute numerous growth strategies that enable deeper market penetration, developing customers using our weight management and targeted nutrition products every day,” said Michael O. Johnson, Herbalife’s chairman and CEO. “Obesity and poor nutrition are global public health problems. Our distributors are proud to be part of the solution.”
For the quarter ended March 31, 2013 the company generated cash flow from operations of $137.6 million, an increase of 14 percent compared to 2012; paid dividends of$30.9 million; invested $24.9 million in capital expenditures; and repurchased $162.4 million in common shares outstanding under our share repurchase program.
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