Herbalife Nutrition (HLF) Stock Plummets 9%: It’s Reconsidering Q3 And Full Year 2021 Guidance

Herbalife Nutrition is a global company that offers high-quality, science-backed products, sold in over 90 countries. Despite the sharp descent in the HLF stock price, it was able to recover in one day. Today’s price is $54.23, which is $ 1 more than a week ago. On Wednesday, the worth popped from $ 53.05 to $ 54.13. The weekly high was reached the next day at $ 54.35. However, it fell to the lowest rate of $52.50 on the same day too.
Herbalife Nutrition announced that it is reconsidering its guidance for the third quarter and the entire 2021. Recently, the company observed a lower than expected level of activity among its independent distributors, which led to a decrease in the expected net sales in the third quarter and for the year. Despite this, it’s expected that the growth of net sales in the third quarter will be between approximately 14% and 18% compared with the third quarter of 2019, while growth for the full year will be about 19% -23% compared to the full year 2019.

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