Bidnessetc.com conducted a survey and the results are promising. They explain below:
Herbalife Ltd. (NYSE:HLF) stock has dropped 51.18% year-to-date (YTD), due to weaker-than-expected financial results for its past two quarters and rising concerns of the company running a pyramid scheme.
To get some insight into the demand for Herbalife’s products and the company’s business model, Bidness Etc conducted a survey of Herbalife’s distributors.
The results of our survey support the argument that real demand for Herbalife’s products exists, distributors remain largely satisfied with the company, international regions like South Africa remain strong drivers of growth for the company, and company sales are continuing to grow in both developed and developing markets.
The survey was conducted from December 16 — December 19, on 26 Herbalife distributors from the US and 25 distributors from international markets, including China, South Africa, Germany, the Middle East, and India.
After analyzing the survey results, we have shortlisted seven eminent themes for Herbalife Ltd., which are as follows:
Strong Growth In Demand For Products
According to most respondents, from both US and international markets, sales for Herbalife products are growing at a high rate. 92% of the US respondents said their sales of Herbalife products have increased compared to last month, while 96% of international respondents stated the same.
Distributor Janet Gayle from