Herbalife ( HLF ) is expected to report EPS of $1.19. With the consumption, manufacturing, fixed investment, and inflation data we've received thus far, we can reasonably expect to see 0.4% to 0.6% annualized growth, with an outside chance that we'll see a quarterly contraction depending on where public spending clocks in. However, retail sales ex auto and gas dropped by 0.1% in June, creating a head wind for consumption growth, which is also being challenged by higher taxes, particularly in households with less than $75,000 annual income.