Quarterly ResultMay 6, 2026, 04:32 PM
Herbalife Q1 Net Sales $1.3B, Up 7.8%; Raises FY26 Guidance Midpoints
AI Summary
Herbalife reported strong first quarter 2026 financial results, with net sales of $1.3 billion, a 7.8% increase year-over-year (5.4% constant currency), and adjusted EBITDA of $175.7 million, both exceeding company guidance. The company also announced the completion of a $1.45 billion senior secured debt refinancing, projected to yield approximately $45 million in annual cash interest savings, and the acquisition of Bioniq's core personalized nutrition business for $55 million. Additionally, shareholders approved all three proposals at the 2026 Annual General Meeting, including the election of eleven directors and the ratification of PricewaterhouseCoopers LLP as the independent auditor.
Key Highlights
- Q1 2026 net sales were $1.3 billion, up 7.8% YoY (5.4% constant currency), exceeding guidance.
- Q1 2026 adjusted EBITDA was $175.7 million, exceeding guidance.
- Net income attributable to Herbalife was $61.9 million; adjusted diluted EPS was $0.64.
- Completed $1.45 billion senior secured debt refinancing, expecting $45 million annual cash interest savings.
- Acquired Bioniq's personalized nutrition business for $55 million base consideration.
- Shareholders elected eleven directors and approved executive compensation at the AGM.
- Full-year 2026 constant currency net sales and adjusted EBITDA guidance midpoints were raised.
- Total leverage ratio reduced to 2.7x and net leverage ratio to 2.1x at March 31, 2026.