MLM News

Friday, April 27, 2007

MLM Company Herbalife Announces Preliminary Q1 Results

Herbalife Ltd. today announced it anticipates reporting net sales for the three months ended March 31, 2007 of approximately $508 million, an increase of 11.5 percent compared to the same period last year, when it files its quarterly Form 10-Q in early May 2007. The expected net sales reflects continued growth in the companys top two markets, the U.S. and Mexico, which increased approximately 23 percent and 13 percent, respectively, compared to the first quarter of 2006. Based on its expected net sales growth, the company anticipates that first quarter 2007 diluted earnings per share will be in the range of $0.60 to $0.61, compared to its previously announced range of $0.52 to $0.57, excluding expenses associated with its realignment for growth initiative and the adjustment to tax reserves.