Research

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Flash Note: TUP: Small Deal Announced This Morning a Modest Positive
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AVP: Maintain Hold and Below-Consensus 2018E EPS; Early Signs of Stabilization Materializing
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NUS: Modestly Reducing Estimates; Still Look For Accelerating Growth
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HLF: Reducing 2018E; Still Above Consensus
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Flash Note: HLF: 3Q In Line With Pre-Announcement; EPS Outlook Continues Tepid
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Flash Note: AVP: 3Q Ahead of Us but Missed Consensus; 2017 FYE Expectations Reduced
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Flash Note: NUS: 3Q at Upper End of Ranges; 4QE Modestly Reduced but Accelerating Growth on the Horizon
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TUP: Flowing Through 3Q EPS Upside; Maintaining Above Consensus 2018 EPS Estimate
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Flash Note: TUP: 3Q EPS Above Expectations; 4QE Outlook Modestly Reduced
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NUS: 3Q Pre-Announced; Investor Day Highlights
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Industry Note: Currency Picture Shifts Slightly With Recent Dollar Rise; Still Looking Favorable for 4QE
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Flash Note: NUS: 3Q Pre-Announced at Upper End of Expectations
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HLF: 3Q Pre-Announced Ahead of Dutch Tender Deadline Thursday; Results Tepid As Expected
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AVP: Reducing Estimates; Maintain Hold
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HLF: Raising Estimates; Dutch Tender Highly Accretive
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Industry Note: Currency Exchange Rates Continue Moving Favorably since 2Q Reporting Cycle
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Industry Note: China Crackdown on Pyramid Schemes Seems Focused on Local Scams
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Flash Note: HLF: Modified Dutch Tender Offer Announced; Recent Go-Private Talks Terminated
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Industry Note: Wasatch Watch: Highlights From our Recent Trip to Salt Lake City
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Industry Note: HLF & NUS Hit on China Regulatory Worries; Not Named Specifically so any Impact TBD
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