Herbalife Lowers Second-Quarter Sales Forecast

Herbalife, a US company selling nutrition supplements and weight management products, has cut its sales prediction for this quarter, citing a transition in the US to a new way of recording sales transactions, softer trends in Mexico as well as a “challenging” comparison with record volumes in the same period a year earlier. “The company believes that the second quarter of 2017 will be the most challenging quarter of the year from a comparative perspective given that last year’s second quarter volume was the largest in the company’s history,” the Los Angeles-based company said in a statement published on Sunday.

The company said that it sees sales falling in the second quarter of this year by between 2 and 6%, rather than a decline of between 0.5% and 4.5% which was projected in an earlier forecast. However the company raised its estimate for adjusted earnings per share for the quarter to between $0.95 and $1.15 compared with the previous forecast of between $0.88 and $1.08 given on May 4.

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