Despite the positive results that Herbalife (NYSE:HLF) posted better than expected earnings (so what? read more) questions still surround the company's business model.
During the conference call following the earnings announcement, the Herbalife still failed to give analysts any real time to ask questions, answering only around five questions.
Despite being up 3% after earnings, the company was back down 3% after failing to put on a 'good show' with their earnings call.
Nothing new has been noted by billionaire Bill Ackman of Pershing Square Capital since the call. If you remember, he came out in December calling the company a pyramid scheme and putting a price target of $0 on the company. See the conference call below...Michael Johnson - Chairman and CEO
Thanks, Brett, and good morning everyone and welcome to our fourth quarter 2012 earnings conference call. Today, I’m going to focus our commentary on four key areas. First, our record financial performance for the fourth quarter as well as for the full year 2012. Second, our positive momentum that has continued into the first quarter, evidenced by our increased 2013 guidance. Third, our commitment to continuous improvement.
At Herbalife, the goal of our 6,500 employees is to build it better every single day. And fourth, we are simplifying and better communicating our business model and metrics so that investors in the public can better appreciate what a truly great company Herbalife is.
As we reported yesterday, Herbalife enjoyed broad-based strength around the world. More specifically, in 2012 we achieved the following record financial results: a record $4.1 billion in net sales, a record $4.7 billion in volume points, a record $736 million of EBITDA, a record $477 million in net income, and a record $4.05 of EPS.