Herbalife Expects Q4 Net Sales To Be (3.0)% To +1.0% YoY; Narrows FY24 Range To (2.0)% - (1.0)% YoY (Prior View (3.5)% To +1.5% )
Portfolio Pulse from Benzinga Newsdesk
Herbalife has updated its financial outlook, expecting Q4 net sales to range from a 3.0% decrease to a 1.0% increase year-over-year. The company has also narrowed its FY24 sales forecast to a decline of 2.0% to 1.0%, compared to the previous range of a 3.5% decrease to a 1.5% increase.
October 30, 2024 | 8:51 pm
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Herbalife has revised its Q4 and FY24 sales forecasts, indicating a narrower range of expected performance. This suggests a more stable outlook but still reflects potential declines.
The revision of sales forecasts to a narrower range suggests that Herbalife has better visibility into its financial performance, which could be seen as a positive sign of stability. However, the potential for sales declines remains, which may neutralize any positive sentiment. The market may react with caution, leading to a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100