LOS ANGELES—Herbalife International (NYSE:HLF)reported its second quarter (2Q) revenues grew nearly 21-percent to $639.7 million on the strength of strong sales in the United States, Mexico and Brazil. China and Venezuela also contributed heavily, posting triple-digit sales growth compared to a year ago. The 18th consecutive quarter of double-digit top-line growth led to substantial bottom-line gains, as earnings rose about 40 percent to $67.1 million or $1.01 per diluted share, which the company also linked to a lower effective tax rate and accretion from its share repurchase program. Herbalife repurchased 1.8 million of its common shares during the quarter.
Source: Herbalife Intl.August 5, 2008.