Herbalife Ltd. Reports Q4 $1.28 adj v $1.24e, R$1.27B v $1.24Be- Guides Q1 $1.25-1.29 v $1.35e, Rev % v +12%e (gave prelim +19.8% on 2/3), volume % y/y - Raises FY14 guidance to $5.85-6.05 v $5.93e, Rev +7.5-9.5% y/y implies $ v $5.34Be, volume % y/y (prior $5.45-5.65, Rev 9.0-11.0% y/y, volume growth 6.5-8.5%) - Worldwide volume growth +13% y/y 2013 Annual Sales Leader Requalification: - By the end of January of each year, sales leaders are required to re-qualify to retain their sales leader status.
A record number of sales leaders were retained in 2013. The overall pool of sales leaders needing to re-qualify increased by approximately 10% compared to the prior year and we retained 10% more of them than in the prior year. While size of the group needing to re-qualify increased for the year, our overall retention rate remained fairly constant at 51.8%.