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 • • 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 • • 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 • • 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 Q2 Sales Up 12 % To $1.3 Billion
by Ted Nuyten • • 0 Comments
Herbalife Nutrition Ltd. (NYSE: HLF) reported financial results for the second quarter ended June 30, 2018:
Reported net sales of $1.3 billion increased 12% compared to second quarter 2017.
Local currency net sales growth in all six regions.
Volume points of 1.5 billion, the highest amount to be recorded in a quarter in Company history,
increased 12% compared to the prior year period, above the guidance range of 4.0%– 8.0%.
Reported diluted EPS of $0.62 and adjusted earnings of $0.80 per adjusted diluted share, compared to $0.81 and $0.76, respectively, for the second quarter last year.
Raising FY 2018 volume point guidance range to 6.0% – 9.0% growth, as well as updating reported and adjusted diluted EPS guidance to $1.95 – $2.15 and $2.60 – $2.80, respectively.
Our top-line growth rate accelerated in the second quarter reflecting the strength of our business model to provide solutions to many of today’s global nutrition and wellness megatrends.
says Rich Goudis, CEO of Herbalife Nutrition.
About Herbalife
Herbalife Nutrition is a global nutrition company whose purpose is to make the world healthier and happier. The Company has been on a mission for nutrition – changing people’s lives with great nutrition products & programs – since 1980. Together with our Herbalife Nutrition independent distributors,
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Herbalife USA Sales Leader Numbers Down 50% Over The Last 5 Years
by Ted Nuyten • • 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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Herbalife Q1 Sales Up 7% To $1.2 Billion
by Ted Nuyten • • 0 Comments
Herbalife Nutrition Ltd. (NYSE: HLF) today reported financial results for the first quarter ended March 31, 2018.
Rich Goudis, CEO of Herbalife Nutrition stated:
“We reported higher than expected results and returned to growth in the US, reflecting the efforts of our entrepreneurial distributors, who are meeting the needs of consumers around the world.
We are confident about Herbalife Nutrition’s bright future and, accordingly, we have raised our guidance for the full year, as we continue to execute on our strategy to drive long-term growth and fulfill our mission of making the world healthier and happier through personalized nutrition.”
Quater Highlights:
Reported net sales of $1.2 billion increased 7%compared to first quarter 2017, above the guidance range of (1.0%) – 3.0%.
Reported and adjusted diluted EPS of $1.08 and $1.40, respectively, compared to $0.98 and $1.24 for first quarter last year.
Volume points of 1.4 billion were relatively flat compared to the prior year period, above the guidance range of (7.0%) – (3.0%).
Raising FY 2018 volume point guidance range to 3% – 7% growth as well as reported and adjusted diluted EPS guidance to $3.95 – $4.35 and $5.05 – $5.45, on a pre stock split basis, respectively.
About Herbalife Nutrition Ltd.:
Herbalife Nutrition is a global nutrition
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Herbalife Nutrition Welcomes New Members To Its Board Of Directors
by Ted Nuyten • • 0 Comments
Herbalife Nutrition (NYSE:HLF), announced today the election of four new members to its Board of Directors. The newly elected directors, Nicholas Graziano, Alan LeFevre, Juan Miguel Mendoza, and Margarita Palau-Hernandez, will join their fellow directors in helping the Company deliver on its purpose of making the world healthier and happier.
Stepping off the Board are long time directors Richard P. Bermingham, who served since the Company’s IPO in 2004, Pedro Cardoso, an independent Herbalife Nutrition distributor, who served since 2010 and Keith Cozza who served since 2013 as a representative of Icahn Enterprises.
“Today we extend a heartfelt thanks to our exiting board members for their service and leadership, especially over the past five years during such a critical time in our company’s history,”
said Michael O. Johnson, Executive Chairman of Herbalife Nutrition. “And, we welcome the expertise of our new members, and their shared passion for nutrition and our purpose of making the world healthier and happier, and believe they will add great value to Herbalife Nutrition.”
Nicholas Graziano is a portfolio manager of Icahn Capital, the entity through which Carl C. Icahn manages investment funds. Mr. Graziano was previously the founding partner and chief investment officer of the hedge fund Venetus
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Herbalife Foundation Raises $1.8 Million To Support Underserved Children
by Nicole Dunkley • • 0 Comments
With a mission to positively impact the lives of children through nutrition and education, along with Herbalife’s purpose to making the world healthier and happier, the Herbalife Family Foundation (HFF) recently announced it raised $1.8 million at its annual Gala fundraiser to support more than 130 nonprofit partners in 50 countries around the world.
Through its “Casa Herbalife” program, HFF commits ongoing support to its charity partners, which include orphanages, community centers and hospitals, to help them improve children’s lives by providing healthy nutrition.
“Thanks to the generosity of Herbalife’s independent distributors and employees, the Herbalife Family Foundation will provide vital nutrition and support services to children who need it the most around the world,” said HFF President Alan Hoffman.
The Casa Herbalife Program, established in 2005, currently serves more than 100,000 children at over 130 organizations in more than 50 countries, helping provide healthy and nutritious meals to children in orphanages, after school centers, and other nonprofit facilities around the world. HFF’s work continues to expand in 2018, with the addition of three new Casa Herbalife partners located in Austria, Switzerland and Ghana.
Last year, in addition to thousands of volunteer hours, HFF granted more than $3 million to Casa Herbalife programs and disaster relief efforts around the world.
About Herbalife Family
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Bill Ackman Losing His Bet Against Herbalife
by Ted Nuyten • • 0 Comments
Bill Ackman’s Pershing Square Capital has exited its Herbalife bet five years after his on-air verbal brawl with Carl Icahn on CBNC.
Ackman told CNBC’s Scott Wapner on Wednesday in a phone call that he had unwound the position. Herbalife shares jumped 9 percent to an all time high on Wednesday.
The activist investor had placed a massive bet against the nutritional supplement maker he accused of running a pyramid scheme. He expected the shares to fall to zero, enabling him to profit on his short sale of the stock.
But the bet proved disastrous. Last November, after Herbalife shares had climbed 51 percent for the year, he announced he had closed out the short position he had in the shares and converted it into a bet using put options.
The Icahn-Ackman fight happened on Jan. 25, 2013, while Ackman was being interviewed by telephone by Wapner. Ackman was responding to attacks by Icahn the previous day over Ackman’s claims that Herbalife was “a well-managed pyramid scheme.”
Icahn called in to the show, saying “Ackman is a liar” and that he had “one of the worst reputations on Wall Street.”
“I’ve really about had it with this guy,” Icahn said. “He’s like the crybaby in the