“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
Tag Archive for Herbalife
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Herbalife Reports 2016 Sales Flat $4.5 Billion
by Ted Nuyten • • 0 Comments
Herbalife Reports Record Full Year 2016 Worldwide Volume; Number of Preferred Members in the U.S. Approximately 300,000; Record Worldwide Sales Leader Retention; Announces a New Share Buyback Authorization of $1.5 Billion.
The company reported record full year 2016 worldwide volume points of 5.6 billion, which represents an increase of approximately 5% compared to 2015. Reported full year 2016 net sales of $4.5 billion was flat, while constant currency net sales increased 6%, both compared to 2015.
On a reported basis, full year 2016 net income was $260.0 million, or $3.02 per diluted share, compared to net income of $339.1 million or $3.97 per diluted share for 2015.
Michael O. Johnson, chairman and CEO of Herbalife, stated,
“2016 was a dynamic and record-breaking year. Our members continue to successfully build customer-focused businesses, which is evident in
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Herbalife Paid a $200 Million Fine – Then the FTC Screwed it Up
by Ted Nuyten • • 0 Comments
According to an article in Forbes, Herbalife Paid a $200 Million Fine and then the FTC screwed it up:
Three weeks ago, on Jan. 10, the Federal Trade Commission announced what sounded like great news for people who had lost money with Herbalife, the multi-level marketer of weight-loss shakes and nutritional supplements: Their checks were in the mail.
It was the final outcome in the FTC’s lengthy battle with Herbalife (hlf, +0.32%), which in July agreed to pay $200 million in a controversial settlement.
And it was supposed to be a great victory for the hedge fund manager Bill Ackman, who had poured $1 billion into a bet against Herbalife stock and long argued that Herbalife was scamming immigrants into loading up on weight-loss shakes they’d never be able to sell at a profit.
But
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FTC Speaks Out About Vemma, Herbalife And The Network Marketing Industry
by Ted Nuyten • • 0 Comments
Lesley Fair, senior attorney at Federal Trade Commission has published the next article.
“industry members can learn a lot by reviewing the conduct the FTC says violated the law and understanding the principles underlying those orders”
As part of the FTC’s historic $200 million settlement with Herbalife, about 350,000 Herbalife distributors should be watching their mail for a partial refund check.
The FTC has more information about the refunds and advice for people thinking about investing in a multilevel marketing opportunity. But it’s also a good time for some straight talk with members of the MLM industry.
The FTC has a more than 40-year history challenging unfair and deceptive MLM practices, including recent law enforcement actions against Herbalife and Vemma. The specific terms of those orders – which require the companies to restructure their operations
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Herbalife Congratulates Cristiano Ronaldo
by Ted Nuyten • • 0 Comments
Herbalife Congratulates Cristiano Ronaldo on Being Named The Best FIFA Men’s Player 2016.
Herbalife (NYSE: HLF), a global nutrition company, congratulates International soccer star Cristiano Ronaldo, an Herbalife Nutrition-sponsored athlete since 2013, on being named The Best FIFA Men’s Player 2016.
The award was determined through a combined voting process that included the votes of team captains and managers from national teams all around the globe, an online public ballot of football fans, and votes by a select group of global media representatives.
“Herbalife Nutrition is proud to congratulate Cristiano Ronaldo for this well-deserved award that celebrates an incredible year filled with amazing accomplishments,” said Michael O. Johnson, chairman and CEO, Herbalife. ”
We have a proud heritage of supporting athletes around the world like Cristiano who exemplify our belief in proper nutrition and a
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Hong Kong Professor In Food & Nutritional Sciences Appointed To The Herbalife Nutrition Advisory Board
by Ted Nuyten • • 0 Comments
Dr. Zhen-Yu Chen has over 27 years of experience in food and nutritional science, and is currently the Chair Professor of the Food and Nutritional Sciences Programme and Head of the Graduate Division of School of Life Sciences at The Chinese University of Hong Kong.
After completing his PhD in food science and nutrition at the University of Massachusetts in USA, Dr. Chen has gone on to lecture on food and nutritional sciences at The Chinese University of Hong Kong, and contributed to over 200 journal papers related to food and nutritional science with a total citation of more than 10,000 and an H-index of 55.
As a renowned nutrition expert, Dr. Chen has been awarded several industry awards during the course of his career. These include the Advancement of Application of Agricultural
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If The FTC Raid Your USA Based Company
by Ted Nuyten • • 0 Comments
If the Federal Trade Commission (FTC) in the USA raid your network marketing company, the results are devastating for distributors, employees as the owner(s).
Distributors are losing their commissions and credibility under their friends and family (I told you it was a pyramid..), employees are fired and the owners personal assets are seized.
After Vemma settled with the FTC, the rules are clear for companies based in the USA, if you like it or not:
– 51 % volume has to come from customers sales.
– Mandatory auto-ships to qualify for commissions are not permitted and/or a distributor person order can not count towards qualifying for bonuses.
We at Business For Home are surprised that so many USA network marketing companies are not changing compensation plans immediately, and therefore putting their distributors under great danger. Many of
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Herbalife CEO Michael Johnson To Step Down Next Year
by Ted Nuyten • • 0 Comments
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
by Ted Nuyten • • 0 Comments
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
by Ted Nuyten • • 0 Comments
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