Nutritional Supplement Maker Fattens As The World Slims Down
Revenue climbed 19% to $578.1 million, driven by double-digit growth in several of Herbalife’s top countries. It was the 16th straight quarter of double-digit growth.Full-year revenue increased 14% to $2.2 billion, from $1.89 billion in 2006. Weight-control products accounted for more than 60% of sales.
Nutritional supplements generated roughly 20% of top-line growth. Personal care and energy and fitness products also gained traction last year, rising 6.7% and 4.3%, respectively.
“This is a big, globally diverse multilevel seller that suffered some serious setbacks earlier this decade,” said Douglas Lane, an analyst at Jefferies (NYSE:JEF) & Co. “But they have bounced back.”
About 80% of the company’s sales are derived from overseas, and results from last quarter were solid. Taiwan rose 19%, Russia was up 15%, Italy jumped 22% and China leapt 146%.
The U.S. is the company’s largest single market and revenue grew 22% last quarter, based largely on the growth of its Latin markets, says Chief Executive Michael Johnson.
Herbalife Shows Strong Sales · Lead Generation Company on April 18th, 2008 at 7:21 pm
[…] Herbalife Shows Strong Sales Nutritional Supplement Maker Fattens As The World Slims Down Revenue climbed 19% to $578.1 million, driven by double-digit growth in several of Herbalife’s top countries. It was the 16th straight quarter of double-digit growth.Full-year revenue increased 14% to $2.2 billion, from $1.89 billion in 2006. Weight-control products accounted for more than 60% of sales. Nutritional supplements generated […] […]