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
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Herbalife Sponsored Athletes To Compete In 2018 FIFA World Cup Russia
by Nicole Dunkley • • 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
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Herbalife Q3 Revenue Down 3.3% To $1.1 Billion
by Ted Nuyten • • 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
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Herbalife Is corrupt, Circle Of Success Events Are Useless, Lawsuit Claims
by Ted Nuyten • • 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
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DeVos Family Seeks Deregulation Of Amway So It Can Beat Herbalife
by Ted Nuyten • • 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
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Herbalife Q2 Revenue Down 5% To $1.1 Billion
by Ted Nuyten • • 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
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Herbalife Announces New Appointments To Corporate Leadership Team
by Ted Nuyten • • 0 Comments
Premier global nutrition company, Herbalife (NYSE: HLF), today announced the appointment of Frank Lamberti to the role of executive vice president and managing director, The Americas and Worldwide Marketing.
In this role, Lamberti will lead global marketing, and will work closely with our distributors and their customers across a region that includes the United States, Canada, South and Central America and Mexico. Lamberti succeeds Miguel Angel Fernandez, who has left the Company to assume the role of president of Avon Products, Inc.
“For more than 12 years, Frank has made a positive impact on Herbalife Nutrition, assuming broader and increasingly more challenging leadership roles covering many key areas of our business,” said Richard P. Goudis, Herbalife Nutrition chief executive officer.
“As a result, he is respected by our distributor leaders, and is highly regarded by our employees and executive team.”
“During his time with Herbalife Nutrition, Miguel made many contributions to the company, and we thank him, and wish him all the best in his new role as president of Avon,” said Goudis.
Lamberti, who has been with Herbalife Nutrition since 2005, was formerly the senior vice president of Strategic Business Initiatives, responsible for overseeing several key initiatives for the Company including oversight of the
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Herbalife Appoints Richard Goudis As CEO
by Ted Nuyten • • 0 Comments
Premier global nutrition company, Herbalife (NYSE: HLF), today announced the official transition of Richard P. Goudis as the new Chief Executive Officer (CEO), in succession to Michael O. Johnson, who will now assume the position of Executive Chairman of the Company.
With his passions grounded in innovation, education and training, Goudis will set the strategy for Herbalife Nutrition, overseeing all aspects of the Company’s growth initiatives and ensuring the Company continues to be recognized worldwide as a leading nutrition company.
Goudis will guide the overall Herbalife Nutrition business strategy in the 94 countries where the Company operates. He will also be responsible for strengthening and increasing the base of Independent distributors and consumers, as well as the development of new product lines with broad scientific support.
“This is an exciting time to be leading such a dynamic team of dedicated professionals who everyday position our company for further innovation and growth. Our talented global distributors bring innovative products to market that help customers live healthy, active lifestyles, truly making us the premier global nutrition company,” said Richard P. Goudis, CEO, Herbalife Nutrition.
Goudis, a recognized leader in the nutrition industry, has more than 18 years of experience in the field of nutrition with 13
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Herbalife 90% Of USA Sales Are Consumer Based
by Ted Nuyten • • 0 Comments
Herbalife today announced that due to the dedication and diligence of its distributors, in May, 90 percent of United States sales were documented purchases by consumers, comprised of more than three million receipted retail transactions.
These results far exceed the 80 percent threshold called for in the Company’s agreement with the U.S. Federal Trade Commission.
The Company also announced that approximately 400,000 customers have converted or signed up as preferred members in the U.S. since the program began in October 2016.
“These figures should put an end to any questions regarding demand for our nutrition products and the strength of our go-to-market business model,”
said Richard P. Goudis, CEO, Herbalife Nutrition.
In the past ten months, Herbalife Nutrition created industry-leading technology and tools in partnership with its distributors to help them efficiently document retail sales.
The flexibility of the tools, built on a robust scalable infrastructure, has allowed the Company to track retail sales of products to end-users thereby allowing the Company to collect new marketing data, such as pricing, buying preferences and consumer purchase trends.
This critical information, most of which is new to the Company, will help create significant competitive advantages as Herbalife Nutrition leverages data analytics to provide enhanced, industry-leading personalized support to its
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Herbalife Q1 Sales Up 1% To $1.1 Billion
by Ted Nuyten • • 0 Comments
“We’ve made a solid start to 2017 exceeding our EPS guidance,” said Michael O. Johnson, Chairman and CEO, Herbalife.
“As we transition this June to our new CEO Rich Goudis and my role as Executive Chairman, we are more resolute than ever in making a profound and lasting effect on the nutritional habits of the world and offering people an opportunity to earn in the process.”
“Healthy living is a growing aspiration for more and more consumers worldwide and we are well positioned to capitalize on this trend. We offer a powerful person-to-person alternative to traditional retail, where consumers give our distributors permission to help them with our extensive range of nutrition products.”
For the first quarter 2017, the company reported net sales of $1.1 billion and volume point growth of 1% compared to the prior year period. China sales and