Herbalife (HLF) expects Q4 adjusted EPS of $1.26-1.30, well above consensus of $1.17.
The company also projects net sales growth of 19.8% vs estimates of +15.5%, and volume of +12.7%.
The company increases its stock repurchase program to an available balance of $1.5B; the previous $1B plan had a balance of $653M.
Herbalife sees Q1 EPS of $1.24-1.28 vs estimates of $1.40, with the figures hurt by $0.20 in adverse currency fluctuations. (PR)
Herbalife intends to pay for the buyback by offering $1B of five-year convertible debt, with the initial buyers being BofA, Credit Suisse, HSBC and Morgan Stanley. The banks have an option to purchase another $150M. (PR)