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Article: Herbalife Reports 26 Percent Increase in First Quarter Earnings Per Share.
- Article from:
- Business Wire
- Article date:
- April 22, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOS ANGELES--(BUSINESS WIRE)--April 22, 1998--Herbalife International Inc. (Nasdaq/NM:HERBA)(Nasdaq/NM:HERBB) Wednesday reported a 26 percent increase in earnings per share for the first quarter ended March 31, 1998, representing the company's tenth consecutive quarter of comparable period increases in sales and earnings.
Net income for the first quarter increased 24 percent to $14.8 million, or $0.48 per diluted share, from $11.9 million, or $0.38 per diluted share, in the first quarter of 1997. Retail sales increased 23 percent to $398.4 million from $323.9 million in the year-ago first quarter. Net sales rose to $209.8 million from $170 million reported ...