Tag Archive for Herbalife

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Herbalife Q3 Revenue Down 1.5% To $1.3 Billion

by Team Business For Home • November 4, 2023 • 0 Comments

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

by Team Business For Home • October 3, 2023 • 0 Comments

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

by Team Business For Home • August 4, 2023 • 0 Comments

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

by Team Business For Home • February 14, 2023 • 0 Comments

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

by Team Business For Home • August 3, 2022 • 0 Comments

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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Herbalife Q1 Revenue Down 11% To $1.33 Billion Due To Pandamic

by Team Business For Home • July 4, 2022 • 0 Comments

Is downtown-based Herbalife Nutrition Ltd. losing some of its mojo?
Maybe. Herbalife stock started sliding in February after its year-end earnings report and has lost nearly half of its value since then, substantially outpacing the overall drop in the markets.
Not helping was a first-quarter earnings report that was weak compared to 2021, with revenue down 11% to $1.33 billion and net income down about 33% to $98 million.
Herbalife sells a range of nutrition products using a network of more than 6 million distributors – which it calls members – in 95 countries. The products are for a variety of uses, including weight management, fitness, nutritional supplements and skin/body care.
In its earnings report issued on May 3, Herbalife attributed some of the sales slowdown to its newest group of distributors.
Herbalife Chief Executive John Agwunobi provided some additional insight in the teleconference call following the earnings release.
“Most of the distributors that joined Herbalife during the pandemic have never been to an in-person event, and there is no substitute for gathering in person for learning, collaborating and motivating,” he said.
Toward the end of the first quarter, Herbalife began reinstituting in-person distributor events.
“The interactive discussions, the face-to-face team building and the social elements that are

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Herbalife Q3 Sales Up 15% To $1.2 Billion

by Ted Nuyten • October 31, 2018 • 0 Comments

Herbalife reported net sales of $1.2 billion increased 15% compared to third quarter 2017.
Volume points of 1.5 billion, increased 15% compared to the prior year period, above the guidance range of 8.5%– 12.5%. This was the largest year over year volume point percentage growth in a single quarter since 2012.
Reported diluted EPS of $0.49 and adjusted1 earnings of $0.74 per adjusted2 diluted share, compared to $0.33 and $0.41, respectively, for the third quarter last year, which were negatively impacted by expenses of approximately $4.4 million or $0.02 per share related to the China Growth and Impact Investment Program.
Updating FY 2018 volume point and net sales guidance range to 8.6% – 9.6% growth and 9.9% – 10.9% growth, respectively, as well as reported and adjusted1 diluted EPS guidance to $1.99 – $2.09 and $2.74 – $2.84, respectively.
Initiating FY 2019 net sales guidance in a range of 2.8% – 6.8% growth, which includes an approximate 220 bps currency headwind.
Company announces board approval of a new five year $1.5 billion share repurchase program.
“Our strong sales and earnings performance during the third quarter demonstrate the global consumer demand for our nutrition products.”
Rich Goudis, CEO of Herbalife Nutrition.
About Herbalife
Herbalife Nutrition is a global nutrition company

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Sharing Services Names Network Marketing Industry Icon Larry Thompson As New Business Strategist

by Ted Nuyten • October 4, 2018 • 0 Comments

Sharing Services, Inc. (OTCQB: SHRV) (“the Company”) announces it has retained the services of Larry Thompson as its business strategist, effective immediately. Mr. Thompson, founder of global strategy firm LT Wealth Building Academy, will be advising on the launch of Elepreneurs 2.0, debuting in November 2018.
Larry Thompson is a name that has become synonymous with direct selling/network marketing. Throughout a career spanning 50+ years, Mr. Thompson has been guided by principles and values that supported a vision for a home-based business opportunity that enables ordinary people to work toward achievement of short-term financial objectives and the possibility of making some dreams come true. Mr. Thompson is well-renowned as the mastermind who founded Herbalife International, the third-largest direct selling company in the world.
As a much sought-after global direct selling influencer described by the Wall Street Journal as an “Architect of Wealth Building” responsible for achieving over $30 billion in sales globally at various companies, Mr. Thompson, along with his wife Taylor, founded LT Wealth Building Academy in 2018.
The academy provides business services for global network marketing companies seeking sustainable growth strategies. Over the years, Larry and Taylor Thompson have advised hundreds of companies around the world about strategic and tactical practices

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Herbalife USA Sales Leader Numbers Down 50% Over The Last 5 Years

by Ted Nuyten • June 21, 2018 • 0 Comments

In the USA, Herbalife sales leader numbers have dropped by 50% over the last 5 years, to a level not seen since 2005 according to analyst Gary Milne in a long article.
The conclusions:
Herbalife has been under a lot of scrutiny in the USA since the FTC order went into effect on May 1, 2017.
While North American volume points declined significantly at first, the rate of decline slowed as the year progressed.

Herbalife is boosting the North America sales leader numbers with a newly introduced “re-qualification equalization factor“.
The number of North American sales leaders is down 50% since 2015 to the level not seen since 2005.
Over 20,000 sales leaders were retained worldwide in 2018 by lowering the re-qualification standards vs. 2017.
Government regulation in India has forced significant changes in the Herbalife business model in that country.

There is no description of this “re-qualification equalization factor” in any public Herbalife document. What is being equalized is quite mysterious and left to the imagination of the reader. Is it economic disparity, geography, inflation, exchange rates, import tariffs, taxation, regulatory, or some other weighting factor?
I can find no other use of a “re-qualification equalization factor” in any other geography at any time in the past,

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