Herbalife Nutrition announced its fourth quarter and full year financial results for 2020.
Net sales for 2020 increased 13.6% over 2019, resulting in $5.5 billion, the largest annual net sales in company history. Three of the company’s six regions—Asia Pacific, EMEA and North America—set annual net sales records of their own. Fourth quarter net sales increased 15.6% compared to the fourth quarter of 2019, resulting in $1.4 billion and the largest fourth quarter net sales results in company history.
“In 2020, we saw our best year ever with record net sales as our distributors met the global demand for better nutrition,” said John Agwunobi, Chairman and CEO of Herbalife Nutrition.
The full year diluted EPS of $2.77 and adjusted earnings of $3.71 per diluted share each grew by 25% over the previous year, while fourth quarter results reported a diluted EPS of $0.59 and adjusted earnings of $0.71 per diluted share. The company also announced board approval of a new three-year $1.5 billion share repurchase program.