Tag Archive for Herbalife

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Herbalife Underscores Commitment To Distributor Success With New Eric Worre Training Alliance

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Herbalife, a premier health and wellness company, announced an unprecedented multi-year alliance with Eric Worre, the most influential multi-level marketing coach and trainer in the profession.
Eric will work together closely with the Herbalife leadership team to design and deliver tailored, best-in-class training for all levels of the organization. Stephan Graziani, Herbalife’s President, emphasized this alliance with Worre underscores Herbalife’s commitment to providing unparalleled support to its distributors.

“We recognized the value Eric can deliver to our distributors and the impact this could have for their business,”

Gratziani said.
Eric is a former direct sales business builder with more than 25 years’ field experience, building sales organizations totaling more than 500,000 distributors in more than 60 countries. For over 15 years, he has used his expertise to train and motivate millions of multi-level marketing entrepreneurs across hundreds of companies in diverse markets and industries.
Eric made his debut with Herbalife at its Summit in Lisbon, Portugal where he delivered a keynote and conducted a special training for more than 6,000 Herbalife distributors from around the world.
Eric Worre and Stephan Graziani, Herbalife’s President
About Herbalife Ltd.
Herbalife (NYSE: HLF) is a premier health and wellness company and community that has been changing people’s lives with great nutrition

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Herbalife Appoints John DeSimone As Chief Financial Officer

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Herbalife Ltd. (NYSE: HLF), a premier health and wellness company, community and platform, today announced the appointment of John DeSimone as Chief Financial Officer, succeeding Alex Amezquita who will remain with the Company.
Mr. DeSimone has been an executive at Herbalife for the past 17 years, including more than 8 years as CFO from 2010 – 2018 and 4 years as President and Co-President from 2018 – 2022. Most recently, he served as a Special Advisor to the CEO.

“John is a talented and proven finance leader, who has immense experience with Herbalife and a successful track record,”

said Michael Johnson, Chairman and Chief Executive Officer.

“We believe with Stephan Gratziani as President driving top-line growth and John focusing on our commitment to expand margins, reduce debt and improve overall financial performance, we are well-positioned to return to growth and maximize shareholder value in both the near and long term.”

In addition, management is beginning to observe more stability in the business. Based on this and other positive trends observed, Herbalife is initiating guidance for the first quarter and full-year 2024.
First Quarter and Full-Year 2024 Guidance:

Included in the full-year 2024 guidance is approximately $40 million of savings from a new organizational redesign project the

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Herbalife Upgraded To Double AA+ Opportunity – The “Worre” Effect

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Herbalife, a network marketing giant, illustrated impressive resilience and performance with its 2023 revenue report of $5,1 Billion. Witnessing a commendable advancement, it managed to disburse 28% of this revenue as commission, although this falls slightly short of the 35% industry standard.
In the past 5 years Herbalife shares declined from $54 to $8.50. Revenue declined $700 million in the past 3 years. Herbalife has been grappling with challenges, led predominantly by poor brand momentum. To counteract this, the network marketing company has brought in top distributor, Stephan Gratziani as their Chief Strategy Officer.
This article is written by Team Business For Home and is fact checked by Ted Nuyten – CEO of Business For Home.
Allthough $5.1 Billion is massive, decline in revenue for a Network Marketing Company is hard, however Herbalife found a magic bullet.
This week Herbalife signed a multi year coaching agreement with Network Marketing Legend Eric Worre.

Worre has taught millions of people all over the globe the tools to become top Network Marketing Professionals through his courses and live events. For over a decade, Network Marketing Pro, Eric Worre’s company has been raising the standard of the Network Marketing profession.
Through coaching programs, life changing events & high-level mentoring, millions of lives around the

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CEO Michael Johnson Purchased Nearly $500,000 Worth of Herbalife Shares

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Herbalife shares lost in 5 years 85% and YTD 45%. 
Herbalife Ltd. (NYSE: HLF) a premier health and wellness company, announced today that its Chairman and CEO, Michael Johnson, purchased 61,725 Herbalife shares in transactions that closed on Friday, February 16, 2024. The shares were acquired at an average price of $8.07 per share totaling nearly $500,000.

“This personal investment in the company reflects my absolute confidence in Herbalife’s executive team, distributors, and the strength of our business model,”

said Johnson.

“For 43 years, Herbalife’s business has been undeniable. Now, bringing Stephan Gratziani, a top distributor for 32 years, in as president to work with our high impact leaders will get us even closer to the markets and to execute on aggressive topline and margin expansion initiatives – positioning us for sustainable future growth.”

The acquisition follows the company’s reporting of its fourth quarter and full-year 2023 financial results on February 14, 2024, in which the company announced it achieved year-over-year net sales growth in the fourth quarter and four consecutive quarters of improved year-over-year reported net sales trends.
About Herbalife Ltd.
Herbalife (NYSE: HLF) is a premier health and wellness company and community that has been changing people’s lives with great nutrition products and a

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Herbalife 2024 Revenue Down 2.7% To $5.1 Billion

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Herbalife Ltd. (NYSE: HLF) today reported financial results for the fourth quarter and year ended December 31, 2023.
“We continue to modernize Herbalife with a sharp focus on top-line growth and margin expansion for 2024,”
said Michael Johnson, Chairman and CEO.
Highlights
Fourth Quarter 2023

Achieved year-over-year net sales growth on both reported and constant currency basis1
Fourth consecutive quarter of improved year-over-year reported net sales trends
Net sales of $1.2 billion, up 2.9% vs. 4Q ‘22; on constant currency basis1, net sales increased 2.5% vs. 4Q ‘22
Net income of $10.2 million and adjusted EBITDA2 of $108.8 million
Diluted EPS of $0.10 and adjusted diluted EPS2 of $0.28
Achieved cost savings of approximately $27 million related to Company’s Transformation Program, approximately $70 million realized in 2023
Recognized pre-tax expenses of approximately $12 million related to Transformation Program
Continued roll out of all-new Herbalife.com website; now live in markets representing approximately 70% of Company’s sales

Full-Year 2023

Net sales of $5.1 billion, down 2.7% vs. 2022; on constant currency basis1, net sales declined 1.6% vs. 2022
Net income of $142.2 million and adjusted EBITDA2 of $570.6 million
Diluted EPS of $1.42 and adjusted diluted EPS2 of $2.21
Net cash provided by operating activities of $357.5 million; free cash flow2 of $222.5 million

Recent Developments

Initiated process to refinance 2018 Term Loan A and

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Herbalife Q3 Revenue Down 1.5% To $1.3 Billion

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Herbalife Ltd. (NYSE: HLF) today reported financial results for the third quarter ended September 30, 2023.
“We remain on track to achieve year-over-year net sales growth in the fourth quarter as our trends continue to improve,”
said Michael Johnson, Chairman and CEO of Herbalife.
Highlights

Third quarter 2023 net sales of $1.3 billion, down 1.1% compared to third quarter 2022; on a constant currency basis1, net sales declined 1.5% compared to the prior year period
Year-over-year reported net sales trends improved for three sequential quarters
Third quarter 2023 reported net income of $42.8 million and adjusted EBITDA2 of $163.3 million
Third quarter 2023 reported diluted EPS of $0.43 and adjusted diluted EPS2 of $0.65
Recognized pre-tax expenses of approximately $5 million in third quarter related to Company’s Transformation Program
Cost savings of at least $60 million now expected in 2023 related to Company’s Transformation Program, approximately $20 million realized in third quarter
Repurchased $65.5 million of 2024 Convertible Notes during third quarter
All-new Herbalife.com website, built on Herbalife One platform, launched in Singapore; planned rollout to other markets remains on track

Management Commentary
Herbalife reported third quarter 2023 net sales of $1.3 billion, down 1.1% year-over-year, marking the third consecutive quarter of improved year-over-year net sales trends. On a constant currency basis1, net sales

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Herbalife: The Problem Is Poor Brand Momentum

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That is the conclusion from Seekingalpha.com, a leading technical stock analyst website.
Seekingalpha.com says:
“our research is created by investors, for investors. It is carefully vetted by in-house editors, then read and debated by millions of people. Our stock coverage is wider and deeper than any other. We provide diverse opinions on each stock so that investors can weigh the bull and bear case and make an informed decision.”
SeekingAlpha Summary for Herbalife

Herbalife is struggling to reaccelerate growth amid a weak operating environment.
Despite management efforts to support profitability, sales volumes are down globally, highlighting the underlying operating weakness.
We expect shares to remain under pressure, with the setup consistent with a textbook “value trap” in the stock.

“Herbalife Inc (NYSE:HLF) remains one of the world’s largest multi-level marketing (MLM) businesses through an extensive portfolio of wellness products and nutritional supplements. That being said, there is a sense that the company’s best days are behind it, struggling to maintain the operating momentum that defined its last decade up to the short-lived pandemic-era boom.”
In our view, Herbalife’s main headwind is poor brand momentum. The company will be challenged to bring back lost distributors that have already tried selling the platform while the novelty of the product catalog wearing

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Herbalife Appoints Top Distributor Stephan Gratziani As Chief Strategy Officer

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Herbalife Ltd. , a premier health and wellness company and community, today announced the appointment of Stephan Paulo Gratziani to Chief Strategy Officer, effective August 4, 2023.
Mr. Gratziani will report directly to Chairman and Chief Executive Officer Michael Johnson and work closely with the Company’s senior management team to implement and advance key strategic initiatives, including the Herbalife One digital technology platform and business verticals. He will also partner with senior executive and regional leadership to enhance sales training programs, promote distributor engagement, and identify growth opportunities.
Mr. Gratziani brings over 32 years of experience to Herbalife as an independent distributor with a proven track record of global business growth. During his time as an independent distributor, Gratziani expanded his Herbalife business to 70 markets across North America, South America, Europe, and Asia.
He was named to the Company’s Chairman’s Club in 2010, and in 2018, he achieved the highest distributor level of Founder’s Circle. Mr. Gratziani was also recognized as one of Herbalife’s top 3 independent distributors in the world for 2022. As a distributor leader, he has been an integral member of various strategy and planning groups for the Company and brings a strong analytics background and innovative entrepreneurism.
Additionally, John DeSimone will transition from his position as

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Herbalife Revenue 2022 Down 10.3% To $5.2. Billion

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Herbalife Nutrition Ltd. (NYSE: HLF) today reported financial results for the full year and fourth quarter ended December 31, 2022:
Highlights

Full year 2022 net sales of $5.2 billion, a 10.3% decrease compared to the full year 2021. On a constant currency basis1, net sales declined 5.4% compared to the prior year.

Full year 2022 reported diluted EPS of $3.23 and adjusted2 diluted EPS of $3.40, compared to full year 2021 reported and adjusted2 diluted EPS of $4.13 and $4.79, respectively.

Full year 2022 reported net income of $321.3 million and adjusted2 EBITDA of $694.5 million.

Fourth quarter 2022 net sales of $1.2 billion, a 10.4% decrease compared to the fourth quarter 2021. On a constant currency basis1, net sales declined 4.2% compared to the prior year period.

Fourth quarter 2022 reported diluted EPS of $0.55 and adjusted2 diluted EPS of $0.53, compared to fourth quarter 2021 reported and adjusted2 diluted EPS of $0.37 and $0.57, respectively.

Fourth quarter 2022 reported net income of $54.4 million and adjusted2 EBITDA of $130.7 million.

During the fourth quarter, the Company reduced its nominal debt level by approximately $60 million.

Given the rapidly shifting macroeconomic sentiment and backdrop, as well as increased volatility in the market, the Company is not providing FY 2023 guidance.
The Company’s previously announced Transformation

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Herbalife Announces $400 Million Investment In Key Digital Transformation Growth Initiative

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Herbalife Nutrition, a premier global nutrition company, today announced Herbalife One, a new digital transformation initiative centered around launching a single platform that creates a simplified and integrated experience for distributors and their customers around the world.
As a key driver for future growth objectives, the Herbalife One platform will be built around new technologies and streamlined processes, resulting in greater efficiencies and productivity.
“We are excited to announce the board’s approval to proceed with our new digital transformation platform, the largest single investment in the company’s history,”
said John Agwunobi, Chairman and CEO of Herbalife Nutrition.
“The design of this new seamless platform experience is a result of extensive collaboration with our distributors to identify a technology that will enable our future growth, by delivering a best-in-class digital experience for all distributors and their customers.”
The investment of over $400 million includes an incremental expenditure of up to $250 million over the next three years.
Herbalife One will be built using a modern and flexible architecture approach integrating deep data analytics and insights, increased performance, and high speed-to-market deployment of future updates.
More than a dozen key digital enhancements to be implemented include new distributor sign-ups, onboarding and training, wellness content accessibility, new shopping tools, and

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