Tag Archive for Herbalife

Hot Business News Today

Herbalife Q1 Sales Up 7% To $1.2 Billion

by Ted Nuyten • May 3, 2018 • 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

Hot Business News Today

Herbalife Nutrition Welcomes New Members To Its Board Of Directors

by Ted Nuyten • April 26, 2018 • 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

Hot Business News Today

Herbalife Foundation Raises $1.8 Million To Support Underserved Children

by Nicole Dunkley • March 29, 2018 • 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

Hot Business News Today

Bill Ackman Losing His Bet Against Herbalife

by Ted Nuyten • March 1, 2018 • 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

Hot Business News Today

Herbalife Q4 2017 Sales Up 5% To $1.1 Billion

by Ted Nuyten • February 23, 2018 • 0 Comments

Herbalife Ltd. (NYSE: HLF) reports results for the fourth quarter and full year ended December 31, 2017.
Fourth quarter 2017 reported net sales of $1.1 billion increased 5% and 3% on an as reported and constant currency basis, respectively, compared to fourth quarter 2016.
Fourth quarter 2017 reported EPS of ($0.87) per diluted share compared to $1.16 per diluted share for the comparable prior year quarter, which includes a provisional one-time non-cash charge of $153 million, or ($2.01) per adjusted1 diluted share, as a result of the Tax Cuts and Jobs Act (the “Tax Act”) that was signed into law on December 22, 2017.
Adjusted2 earnings per adjusted1 diluted share of $1.29 increased 29% compared to $1.00 per diluted share for the comparable prior year quarter.
Reiterates FY 2018 volume point guidance range of 2% to 6% growth as well as reported and adjusted2 diluted EPS guidance of $3.82 to $4.22 and $4.60 to $5.00.
Announces new executive organization structure.
“After a year of transition, we returned to net sales growth in the fourth quarter as expected, and we anticipate stronger net sales growth for the full year in 2018,”
said Rich Goudis, CEO of Herbalife.
“This growth is due to the determination and hard work of

Hot Business News Today

Herbalife Sponsored Athletes To Compete In 2018 FIFA World Cup Russia

by Nicole Dunkley • December 5, 2017 • 0 Comments

Global nutrition company, Herbalife (NYSE:HLF), applauds its sponsored soccer athletes Cristiano Ronaldo, Juan Cuadrado, Jaime Penedo, on helping their respective national teams of Portugal, Colombia and Panama; and the Herbalife Nutrition sponsored Belgium National Team on qualifying for the 2018 FIFA World Cup Russia™, scheduled to take place June 14 through July 15, 2018.
“These athletes performing at the highest level is a tribute to their hard work and dedication to training, along with a passionate commitment to nutrition,” said Rich Goudis, CEO. “We are honored to continue supporting these athletes with personalized nutrition in their competitions on the world stage in cities across Russia.”
Herbalife Nutrition-sponsored athletes use Herbalife® products before, during and after training and games. As part of its ongoing commitment to improving sports nutrition and performance, Herbalife Nutrition launched Herbalife24 CR7 Drive in collaboration with Cristiano Ronaldo, a sports drink designed specifically to meet the nutritional needs of the global soccer legend and benefit athletes of all levels.
Herbalife Nutrition proudly sponsors more than 190 sporting events, teams and athletes around the world that exemplify the company’s commitment to a healthy, active life, supported by good nutrition.
About Herbalife:
Herbalife is a global nutrition company that has been changing people’s lives

Hot Business News Today

Herbalife Q3 Revenue Down 3.3% To $1.1 Billion

by Ted Nuyten • November 2, 2017 • 0 Comments

“During this year of transition, we believe our performance has now stabilized and we are seeing improvements in trends,” said Rich Goudis, CEO of Herbalife.

“By continuing to implement our strategic plan, we expect to build on the improving trends and return to growth in 2018.“

Third quarter 2017 reported diluted EPS of $0.66 and adjusted1 diluted EPS of $0.82
Third quarter 2017 reported net sales of $1.1 billion declined 3.3% on an as reported basis compared to the third quarter 2016
Third quarter 2017 volume points of 1.3 billion declined 5.6% compared to the third quarter 2016
FY ’17 reported and adjusted1 diluted EPS guidance narrowed to ranges of $3.90 to $4.10 and $4.42 to $4.62, respectively, from the previous ranges of $3.80 to $4.20 and $4.30 to $4.70, respectively
Initial full year 2018 volume point guidance range of 2% to 6% growth and initial full year 2018 GAAP diluted and adjusted1 diluted EPS guidance ranges of $3.82 to $4.22 and $4.60 to $5.00, respectively
Since February 2017, the Company has repurchased a total of approximately $757 million of common stock and has approximately $743 million remaining under the current repurchase authorization

For the third quarter 2017, the company reported net sales of $1.1 billion, which

Hot Business News Today

Herbalife Is corrupt, Circle Of Success Events Are Useless, Lawsuit Claims

by Ted Nuyten • October 2, 2017 • 0 Comments

As published in Legal NewsLine:
Calling Herbalife a “corrupt organization of individuals,” several plaintiffs have filed a class action lawsuit over allegations that the multi-level marketing company’s Circle of Success events are “valueless.”
Jeff Rodgers, Patricia Rodgers, Michael Lavigne, Jennifer Lavigne, et al., individually and on behalf of all others similarly situated, filed a complaint on Sept. 18 in the U.S. District Court for the Southern District of Florida against Herbalife LTD.;
Herbalife International Inc.; Herbalife International of America Inc., et al. alleging that the defendants violated the Florida Deceptive and Unfair Trade Practices Act, unjust enrichment and other counts.
According to the complaint, the plaintiffs allege that defendants’ Circle of Success events are held each month in dozens of locations across the country and range in size from 200 to 20,000 attendees.
Plaintiffs claim that they have spent thousands of dollars attending these events but received no benefit from doing so despite defendants’ continued guarantee of significant income, a better lifestyle and even happiness by attending.
They allege the defendants use “misrepresentation and deceit” to sell the “emotionally manipulative” events, the suit states.
The suit states
“the events are pitched as a guaranteed pathway to attaining life-changing financial success” and that participants are told to attend every

Hot Business News Today

DeVos Family Seeks Deregulation Of Amway So It Can Beat Herbalife

by Ted Nuyten • September 19, 2017 • 0 Comments

According to an article in the New York Post:
Betsy DeVos’ well-connected family wants Amway to get a leg up on Herbalife — and it’s pushing Congress to make it happen.
The US education secretary’s Michigan-based family, which is the controlling shareholder of privately held Amway, is backing a little-noticed amendment to the US House spending bill that would limit regulatory oversight of so-called multilevel marketers, or MLMs.
Specifically, the rider would curb the ability of the Federal Trade Commission to investigate whether MLMs like Amway are pyramid schemes — potentially protecting Amway from costly regulations that have recently ensnared its archrival Herbalife.

“Of course, Amway is supportive” of the amendment,

said Joseph Mariano, president of the Direct Selling Association, which represents MLMs and counts Amway as its biggest member.
Meanwhile, Herbalife Senior Vice President Ed Rosen asked several US Congressmen in a July letter to tack added consumer protections to the bill — the kind that Herbalife will be forced to implement whether Amway’s bill passes or not.
Under a 2016 settlement with the FTC, Herbalife agreed to fully restructure its US business operations, and distinguish customers, who sign up to purchase products at a discount, from distributors, who resell the products to earn commissions.

“[The] compensation

Hot Business News Today

Herbalife Q2 Revenue Down 5% To $1.1 Billion

by Ted Nuyten • August 2, 2017 • 0 Comments

Herbalife Ltd. (NYSE: HLF) reports results for the second quarter ended June 30, 2017.
Rich Goudis, CEO of Herbalife, stated, “With the successful implementation of tracking consumer retail transactions in the U.S., we are now entering into a new chapter for the company. Through technology innovations, and changes in our marketing plan here in the U.S., we are now collecting millions of customer receipts each month, and we know this will help our distributors create more compelling connections with their customers everywhere and anytime.”
Mr. Goudis continued,
“With much of the transition behind us, we can now pivot back to an acute focus on growth.”
For the second quarter 2017, the company reported net sales of $1.1 billion which represents a decline of 5% and 3% on an as reported and constant currency basis, respectively, compared to the second quarter 2016.
Second quarter volume points of 1.4 billion declined 8%, compared to the prior year period.
On a reported basis, second quarter 2017 net income was $137.6 million, or $1.61 per diluted share, compared to a second quarter 2016 net loss of $22.92 million, or ($0.282) per diluted share.
Adjusted1 earnings for the second quarter was $1.51 per diluted share compared to $1.29 per adjusted3 diluted share

Page 3 of 14

« 1 2 3 4 5 … 14 »