Shares of Herbalife (HLF) rose 2.6% in after-hours trading following the company’s stronger-than-expected second-quarter results on August 1. Herbalife’s second-quarter sales marked double-digit growth and exceeded analysts’ expectations thanks to growth across most of its regions. The company’s sales in the United States and China reported strong growth. Also, its sales in Mexico returned to growth, which was a positive.
Meanwhile, the company’s bottom line improved on a YoY (year-over-year) basis and came in ahead of analysts’ estimates. However, adverse currency rates and increased self-manufacturing costs remained a drag.
Buoyed by a stellar performance in the first half of 2018, the company raised its guidance for worldwide volume points. However, adverse currency rates are likely to hurt the company’s financials in the coming quarters.
Thanks to the company’s strong financial performance, Herbalife stock has risen 50.9% on a YTD (year-to-date) basis. In comparison, shares of other nutritional and dietary supplement makers Usana Health Sciences (USNA) and the Vitamin Shoppe (VSI) have also marked exceptional growth. For instance, shares of the Vitamin Shoppe have risen 86.4% YTD, while Usana Health Sciences has recorded a YTD rise of 71.8% in its stock.
Meanwhile, shares of Nu Skin Enterprises (NUS) have risen 7.1%. The S&P 500 Index has risen 5.2% during the same period.