Herbalife sees FY24 revenue flat to up 5%, consensus $5.09B

Sees FY24 adjusted EBITDA $540M-$580M. Sees FY24 capital expenditures $125M-$175M. Included in the full-year 2024 guidance is approximately $40M of savings from a new organizational redesign project the company began reviewing in January. This project, which is separate from Herbalife’s Transformation Program, will bring leadership closer to the markets, streamline the organization and accelerate productivity. The company expects to deliver at least $80M of run rate savings from this project beginning in 2025. The company also expects to recognize at least $60M of pre-tax expenses in 2024 related to this restructuring, which will be excluded from the adjusted results. “I’m honored to return to my role as CFO,” said John DeSimone, CFO. “I’m excited to leverage my experience and knowledge of Herbalife to improve our financial and operating performance, reduce our gross leverage ratio to 3.0x by the end of 2025, as well as deliver long-term value to our shareholders.”