Tag Archive for Herbalife

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Herbalife CEO Michael Johnson To Step Down Next Year

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Herbalife Nutrition Announces CEO Transition Plan, chairman and CEO Michael Johnson to Become Executive Chairman Effective June 1, 2017, COO Richard Goudis to Succeed Johnson as CEO.
Global nutrition company Herbalife Ltd. announced that consistent with the Company’s planned succession strategy, Michael O. Johnson, Herbalife Nutrition’s chief executive officer (CEO) since 2003 and chairman since 2007, will transition to the role of executive chairman of the Company, effective June 1, 2017.
At that time, Richard P. Goudis, currently chief operating officer (COO), will succeed Mr. Johnson as CEO.

Herbalife Nutrition’s chief operating officer, Richard P. Goudis (Right in picture) will become CEO of Herbalife Nutrition when current chairman and CEO, Michael O. Johnson (Left in picture) transitions to executive chairman on June 1, 2017 (Photo: Business Wire)

“Over the past 13 years, Michael’s incredible vision,

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Herbalife Q3 Sales Up 5% To $1.1 Billion

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Herbalife Ltd. (NYSE: HLF) reported third quarter 2016 volume growth of 6% and net sales of $1.1 billion, reflecting an increase of 2%, each compared to the prior year period.
Third quarter net sales, excluding the impact of currency, grew by 5%.
On a reported basis, third quarter 2016 net income was $87.7 million, or $1.01 per diluted share, compared to net income of $93.6 million or $1.09 per diluted share for the third quarter in 2015.
Adjusted1 earnings for the quarter were $1.21 per diluted share compared to $1.262 per diluted share for the comparable quarter in 2015. Due to currency fluctuations, third quarter 2016 reported and adjusted1 net income were each negatively impacted by $17.9 million, and reported diluted EPS and adjusted1 diluted EPS were each negatively impacted by $0.21.

Third

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Breaking News: Herbalife Attacks Bill Ackman With Full Power

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According to a Herbalife press release:
Herbalife Today Posts First in a New Series of Videos on TheRealBillAckman.com
Shows How Bill Ackman’s Hubris Drives Him To Make Unsound Decisions Costing His Investors Hundreds Of Millions Of Dollars
Global nutrition company Herbalife (NYSE: HLF) today announced the debut of its latest series of videos that showcase observations by the media and other thought leaders about the motives, failed investment strategies and questionable tactics of Bill Ackman. Observers have questioned his scruples and ethics, arguing that he has put his personal agenda ahead of the interests of his investors.
The premier video in the series, “Frequently Wrong, Always in Denial” posted today on TheRealBillAckman.com, illustrates Ackman’s inability to admit his many investment mistakes. Quoted in Vanity Fair, one of Ackman’s hedge fund contemporaries stated “There is a saying

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Herbalife Continues To Grow Presence In China

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Herbalife (NYSE: HLF), a global nutrition company, has won approval from China’s Ministry of Commerce to operate in three additional provinces with a population of about 57 million, which will contribute to our growth plans in the country.
The Gansu, Ningxia and Inner Mongolia provinces, which include three provincial capital cities and 16 districts, have completed their service outlet reviews that permit Herbalife to conduct direct selling activities.
China’s Ministry of Commerce granted the permits after reviewing the current business practices of Herbalife in the country. Herbalife has 300,000 service providers in China and licenses to operate in 25 other provinces.
“These approvals are a testament to our success in China and our future growth plans,” said Michael O. Johnson, chairman and CEO of Herbalife.
To meet increasing demand, in July Herbalife began operations at its

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Herbalife Q2 Revenue Up 3% To $1.2 Billion

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Herbalife Ltd. reported second quarter net sales of $1.2 billion, reflecting an increase of 3% compared to the prior year period. Second quarter 2016 net sales, excluding the impact of currency, grew by 10%.
On a reported basis, second quarter net loss of $22.9 million or ($0.28) per diluted share which includes the impact of $203 million related to regulatory settlements, compared to net income of $82.8 million or $0.97 per diluted share for the comparable quarter in 2015.
Adjusted1 earnings for the quarter grew 4% to $1.29 per adjusted2 diluted share, compared to $1.24 per diluted share for the second quarter in 2015.
Due to currency fluctuations, second quarter 2016 reported and adjusted1 net income were negatively impacted by $27.7 million and $26.6 million, respectively, and reported EPS and adjusted1 earnings per adjusted2 diluted

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Herbalife And The FTC Reach Settlement Agreement

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Settlement Does Not Change Herbalife’s Business Model as a Direct Selling Company.
Herbalife Board of Directors Frees Carl Icahn to Acquire Up to 34.99% of the Company’s Outstanding Common Shares.
Global nutrition company Herbalife Ltd. (NYSE: HLF) (“Herbalife” or “the Company”) announced it has reached a settlement agreement with the Federal Trade Commission (“FTC” or the “Commission”) resolving the FTC’s multi-year investigation of the Company. The terms of the settlement do not change Herbalife’s business model as a direct selling company and set new standards for the industry. With the settlement agreement announced today, the FTC’s investigation of Herbalife is complete.
Herbalife and the Illinois Attorney General also reached a settlement, and the Company agreed to pay $3 million as part of this separate agreement. With the conclusion of the Illinois investigation, the Company is

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Herbalife Executive Receives 2016 Manufacturing Leadership Award

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The man heading up Herbalife’s transition to self-manufacturing was recently honored with a 2016 Manufacturing Leadership Award.
For the past 12 years, the Manufacturing Leadership Awards have recognized companies and individuals shaping the future of global manufacturing.
Herbalife’s Senior Vice President of Worldwide Manufacturing and Engineering, Joseph Plunkett, P.E., received a “Visionary Leadership Award” during the program’s Manufacturing Leadership Summit earlier this month in Carlsbad, California.
Plunkett has been with Herbalife since 1998, but more recently he has overseen the company’s $250 million push to bring the majority of its manufacturing in house. Six years ago, Los Angeles-based Herbalife was manufacturing about 4 percent of its health supplements and shakes.
Today, the company manufactures nearly 70 percent of its products.
“I am honored, on behalf of the Herbalife manufacturing and engineering team, to receive this prestigious

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Is The DSA Still Relevant?

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The USA Direct Selling Association (DSA) describes its role as “the national trade association for companies that offer entrepreneurial opportunities to independent sellers to market and sell products and services, typically outside of a fixed retail establishment”.
Lately several CEO’s and distributors are having doubts about the DSA added value while consumer watchdogs like TINA are plain negative.
Ramin Mesgarlou CEO – Global Wealth Trade and the Forensic Networker’s opinion:
One after one DSA companies fall to FTC, Vemma being the latest one. Herballife, Amway, ACN and many more are constantly being challenged or taken down by FTC for being an illegal pyramid so DSA needs to be asked this ONE important questions and that is

“Is DSA Still Relevant? “

We were part of DSA in 2008 and pulled out because quickly I realize they were more of

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Herbalife Sponsors 4 National Olympic Committees At Rio 2016

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Global nutrition company Herbalife (NYSE: HLF) announced today it will be the official sponsor of the Costa Rican, Israeli, Italian and Vietnam National Olympic Committees all traveling to the Rio 2016 Olympics and Paralympic Games.
Herbalife will also support more than 50 athletes and 19 Paralympians from over 16 countries. These Olympic athletes will compete in sports including gymnastics, swimming, and track and field, representing some of the following countries: Argentina, Bolivia, Chile, Colombia, Costa Rica, Ecuador, France, Guatemala, Panama, Peru, Israel, India, Italy, Uruguay, UK and Vietnam.
Herbalife’s full range of quality sports nutrition products is backed by science and used by more than 190 of its sponsored athletes around the world. Many of its sponsored teams also benefit from Herbalife’s nutrition scientists who spend time with athletes educating them on the important

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Herbalife Q1 Revenue Up 1% To $1.1 Billion

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Herbalife Ltd. Announces First Quarter 2016 Results and Raises Full Year Adjusted Guidance

First quarter 2016 adjusted1 EPS of $1.36 per diluted share increased 5% compared to $1.29 per diluted share for the comparable prior year quarter. Reported EPS increased 22% to $1.12 per diluted share compared to $0.92 per diluted share for the comparable prior year quarter.
First quarter 2016 reported net sales of $1.1 billion increased 1% and 11%, on an as reported and constant currency basis, respectively, compared to the prior year period.
Volume points increased 4% in the first quarter 2016 compared to the first quarter 2015.
Raises FY ’16 adjusted diluted EPS guidance to a range of $4.40 to $4.75; up from the previous range of $4.05 to $4.50.

Herbalife Ltd. (NYSE: HLF) reported first quarter net sales of $1.1 billion, reflecting

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