Shares of Tempur Sealy International Inc (NYSE:TPX) ended Wednesday session in green amid volatile trading. The shares closed up +0.42 points or 0.80% at $53.02 with 697,789.00 shares getting traded. Post opening the session at $52.55, the shares hit an intraday low of $52.18 and an intraday high of $53.71 and the price vacillated in this range throughout the day. The company has a market cap of $3.13 billion and the numbers of outstanding shares have been calculated to be 58.41 million shares.
Tempur Sealy International Inc (TPX) provided an update to its financial guidance for full year 2016.
Tempur Sealy International, Inc. Chairman and CEO Scott Thompson commented, “Third quarter net sales are below our prior expectations. We currently expect net sales for the full year to be down 1 to 3 percent as compared to 2015. For the full year 2016, the Company currently expects Adjusted EBITDA to range from $500 million to $525 million.”
Thompson concluded, “While our net sales are below expectations, our operational initiatives are going well and are continuing to drive considerable margin expansion. The net impact of the revenue shortfall and our continued margin expansion is that we felt it was appropriate to lower the midpoint of our adjusted EBITDA guidance by 5%. The midpoint of this updated guidance implies an increase in adjusted EBITDA of approximately 12% and approximately 20% growth in adjusted earnings per share compared to 2015.”
Shares of Herbalife Ltd. (NYSE:HLF) ended Wednesday session in green amid volatile trading. The shares closed up +0.07 points or 0.11% at $62.10 with 670,919.00 shares getting traded. Post opening the session at $62.33, the shares hit an intraday low of $61.97 and an intraday high of $62.50 and the price vacillated in this range throughout the day. The company has a market cap of $5.84 billion and the numbers of outstanding shares have been calculated to be 92.91 million shares.
Herbalife Ltd. (NYSE:HLF) introduced the Herbalife SKIN® Clearify™ product line to help millions of North American consumers treat acne, blemishes, blackheads and whiteheads. This simple treatment delivers results in four to eight weeks and the products contain fresh scented botanicals, such as aloe and orange oil.
Acne, the most common skin condition in the U.S., affects up to 50 million Americans annually, according to the American Academy of Dermatology. The Herbalife SKIN® Clearify™ line is a dermatologist-tested treatment aimed at consumers from 14 to 35 years old who are experiencing acne problems. The product line includes a cleanser to reduce acne’s severity, a moisturizer to heal the skin, a mask to penetrate pores and eliminate most blemishes, and a spot treatment to dry pimples. The four products can be purchased individually or in a kit containing full-size products of the entire treatment line for $70.25.
“In addition to helping people live healthier, happier lives through better nutrition, Herbalife Nutrition is working to enhance the skincare and self-esteem of millions of people,” said Ibi Fleming, senior vice president and managing director, Herbalife North American Region. “With the launch of the Herbalife SKIN® Clearify™ product line, Herbalife Nutrition furthers its mission to change people’s lives.”