Tag Archive for Herbalife

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Herbalife Q3 Sales Down 3.2% To $1.2 Billion

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Herbalife Ltd. (NYSE: HLF) today reported financial results for the third quarter ended September 30, 2024:

“Our financial foundation is strong. Third quarter net sales were in line with our expectations, adjusted EBITDA1 exceeded guidance and distributor recruiting is up worldwide year-over-year. Our new business initiatives are taking root as we continue on our path to sustainable top-line growth.”

– Michael Johnson, Chairman and CEO
Highlights
Third Quarter 2024

Net sales of $1.2 billion, down 3.2% vs. Q3 ’23 including 290 basis points of FX headwinds
Net sales nearly flat year-over-year on constant currency basis2
Net income of $47.4 million; adjusted net income1 of $58.0 million
Adjusted EBITDA1 of $166.5 million exceeds guidance; adjusted EBITDA1 margin up 70 basis points year-over-year
Recognized pre-tax gain on sale of property of approximately $4 million; excluded from adjusted results
Diluted EPS of $0.46; adjusted diluted EPS1 of $0.57
Net cash provided by operating activities of $99.5 million; capital expenditures of approximately $27 million
Credit Agreement EBITDA1 $197.2 million; total leverage ratio reduced to 3.3x at September 30

Management Commentary
In August, the Company launched its all-new Diamond Development Mastermind Program in the U.S., an ongoing training and accountability program led by President Stephan Gratziani and supported by network marketing industry leader and coach, Eric Worre.
Approximately 800

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Equity Research Company Praises “The Eric Worre Factor” For Herbalife

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Analysts from D.A. Davidson an Equity Research Company published a long in depth report and we are publishing the highlights:

We (the analysts) attended the North American convention of Herbalife on July 20th. MLM training guru Eric Worre gave two talks — it was the best and most practical information we have seen at an MLM convention.

Worre has a consultancy agreement with Herbalife (HLF), his first-ever at the corporate level, and his compensation is based partly on getting HLF to double-digit growth. HLF announced Success Builder, a comp system tweak to drive reps to the 42% payout level.
The Eric Worre factor seems like a game-changer for the company. Training guru for the
MLM industry, Eric Worre, spent nearly 2 hours total giving 2 separate talks: “Why Herbalife?” and “7 Skill Sets.”
Several individual senior level distributor leaders had hired him personally as a training coach, so the corporate leadership decided to engage him to give access to the HLF distributors worldwide. He said he had never agreed to a corporate-wide relationship, but what convinced him with HLF was the high degree of alignment among the corporate senior management, shareholders, and distributors in the field.
Worre sincerely believes being a W-2 employee is the

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Herbalife Q2 Revenue Down 2.5% To $1.3 Billion

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Herbalife Ltd. (NYSE: HLF) reported financial results for the second quarter ended June 30, 2024:

“Our Q2 Adjusted EBITDA1 is the highest it’s been in seven quarters. We remain focused on driving shareholder value as the continued increase in new distributors builds the foundation for sales growth,”

stated Michael Johnson, Chairman and CEO.

Net sales of $1.3 billion, down 2.5% vs. Q2 ’23 due to 270 basis points of FX headwinds

Achieved year-over-year net sales growth on constant currency basis2, up 0.2%, driven by increases in Latin America, EMEA and Asia Pacific

Net income of $4.7 million; adjusted net income1 of $54.8 million
Adjusted EBITDA1 of $180.0 million exceeds guidance; adjusted EBITDA1 margin up 120 basis points year-over-year
Diluted EPS of $0.05; adjusted diluted EPS1 of $0.54

Restructuring Program expenses, net of tax, $0.33 diluted EPS headwind; excluded from adjusted results
Loss on extinguishment of debt, net of tax, $0.07 diluted EPS headwind; excluded from adjusted results

Net cash provided by operating activities of $102.5 million; capital expenditures of approximately $36 million
Credit Agreement EBITDA1 $208.0 million; total leverage ratio reduced to 3.5x at June 30.

“We continue to make significant progress in our initiatives to enhance profitability,” said John DeSimone, Chief Financial Officer.
“We remain focused on further expanding margins, creating shareholder value and

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Herbalife Optimistic About Great Potential In China

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China is expected to become the No 1 market globally for Herbalife, a Los Angeles-based health and wellness company, in five to seven years, said a senior company executive in a media interview in Shanghai on Friday.

“We’re upbeat about the great potential in China, not only due to the country’s population base. I do believe that China holds a lot of advantages in terms of its forward-looking policies, entrepreneurial spirit and macroeconomic climate,”

said Stephan Gratziani, president of Herbalife, which has been active in the China market for more than two decades.

“Also, we noticed that Chinese consumers are paying increasing attention to healthy diets and lifestyles,”

he said, adding that India, the US, and Mexico are currently the company’s top three markets in terms of sales.
Based in Shanghai, Herbalife’s first product innovation center in the world was opened in 2020. With an investment of 160 million yuan ($22 million), the facility realized one-stop product solutions in China.

“The product innovation center is equipped with six laboratories and one innovation and experience center. It aimed to accelerate transforming cutting-edge achievements in the nutritional science field into health products for the market. It also aimed to strengthen the company’s innovative research and development

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Herbalife Q1 Revenue 2024 Up 1% To $1.3 Billion

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“We achieved our second consecutive quarter of year-over-year net sales growth. We are laser focused on cost reductions, which drove outperformance of our Adjusted EBITDA guidance,”

said Michael Johnson, Chairman and CEO.
First Quarter 2024 Highlights

Achieved year-over-year net sales growth on both reported and constant currency basis.
Net sales of $1.3 billion, up 1.0% vs. 1Q ’23,
Net income of $24.3 million.
Adjusted EBITDA1 of $138.3 million exceeds guidance.
Diluted EPS of $0.24 and adjusted diluted EPS1 of $0.49.
Announced new restructuring plan to streamline organizational structure.
Annual cost savings of at least $80 million expected beginning in 2025, with approximately $40 million expected in 2024.
Recognized pre-tax expenses of approximately $17 million in SG&A.
Rolled out all-new distributor e-commerce platform, built on Herbalife One, to distributors in UK and Spain.

“Economic opportunities built around selling diversified nutrition and wellness offerings, including through approximately 67,000 fixed location nutrition clubs worldwide, differentiates us from others in our industry,”

said Michael Johnson.
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 business opportunity for its independent distributors since 1980.
The Company offers science-backed products to consumers in more than ninety markets through entrepreneurial Distributors who provide one-on-one coaching

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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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