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
by Ted Nuyten • • 0 Comments
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
by Nicole Dunkley • • 0 Comments
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?
by Ted Nuyten • • 0 Comments
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
by Ted Nuyten • • 0 Comments
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
by Ted Nuyten • • 0 Comments
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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Herbalife Reportes 2015 Q4 Net Sales Of $1.1 Billion
by Nicole Dunkley • • 0 Comments
Herbalife Ltd. reported fourth quarter net sales of $1.1 billion. Net sales, excluding currency impact, grew by 9.7%, while reported net sales declined 3.1% primarily due to the continuing unfavorable impact of currency exchange rates.
Adjusted1 earnings for the quarter were $1.19 per diluted share compared to $1.41 per diluted share for the same period in 2014. On a reported basis, fourth quarter net income was $84.5 million, or $0.98 per diluted share, compared to $103.3 million, or $1.21 per diluted share for the same period in 2014.
Fourth quarter 2015 net income and diluted EPS were negatively impacted by $26.0 million2 and $0.302 per diluted share respectively, due to currency fluctuations.
For the quarter ended December 31, 2015, the company generated $135.5 million in net operating cash flow, and invested $30.4 million
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Australian Expert In Sports Science And Nutrition Joins Herbalife Nutrition Advisory Board
by Ted Nuyten • • 0 Comments
Global nutrition company, Herbalife announced today that Dr. Darren Burgess, an expert in sports science and nutrition, has become the first Australian appointed to its Nutrition Advisory Board (NAB).
Dr. Burgess has experience in education and training, having worked as a lecturer in Exercise Science at Australian Catholic University in Sydney and completing his PhD in movement analysis of AFL and Soccer.
He has lectured at prestigious Australian Universities and has had multiple papers published in peer review journals. Additionally, Dr. Burgess has spoken at numerous national and international sports medicine conferences.
Dr. Burgess is currently Head of High Performance at Port Adelaide Football (AFL) Club. Prior to this appointment, Dr. Burgess was Head of Fitness and Conditioning at Liverpool Football Club (EPL) and has a background in sports science and fitness coaching for many top
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Corina Zugravu Joins Herbalife Nutrition Advisory Board
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Global nutrition company Herbalife (NYSE:HLF) announced today that Corina Zugravu, M.D., senior medical specialist in food safety and nutrition, has been appointed to Herbalife’s Nutrition Advisory Board (NAB).
Corina Zugravu is an associate professor at the Carol Davila Medicine and Pharmacy University in Bucharest and will support the company’s initiatives in Romania, providing expertise and counseling in nutrition for a healthy lifestyle.
“Herbalife is committed to nutrition based on science, from top quality raw materials to rigorously tested final products, endorsed by researchers, nutritionists and doctors,” said Romeo Cazanescu, country manager, Herbalife Romania and Moldova. “We are also happy to have a Romanian doctor in the Nutrition Advisory Board next to experts from across the world who are dedicated to developing new programs for a balanced nutrition and an active lifestyle.”
With a Ph.D. in
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Herbalife Appoints Filipino Doctor To Its Nutrition Advisory Board
by Ted Nuyten • • 0 Comments
Global nutrition company, Herbalife welcomes Dr. Francis Gregory Samonte, an expert in pediatric neurology, to become the first Filipino appointed to its prestigious Nutrition Advisory Board (NAB), effective January 1, 2016.
The Herbalife Nutrition Advisory Board is comprised of leading experts from around the world in the fields of nutrition and health who inform, educate and train Independent Herbalife Members on the principles of nutrition, physical activity and healthy lifestyle.
Samonte’s appointment further strengthens the Herbalife Nutrition Advisory Board members to 30. His addition also reflects further expansion of nutrition and health experts from Asia Pacific in the Nutrition Advisory Board who will play a central role in raising public awareness and leading educational programs on balanced nutrition and healthy active lifestyle in 15 countries across the region as part of Herbalife’s Asia Pacific