Herbalife - HLF STOCK NEWS

Herbalife (NYSE: HLF) reported Q4 2024 financial results with net sales of $1.2 billion, down 0.6% year-over-year but up 2.7% on a constant currency basis. The company achieved net income of $177.9 million, including $147.3 million in non-cash income tax benefits, and adjusted EBITDA of $150.0 million.

For full-year 2024, net sales were $5.0 billion, down 1.4% from 2023 but up 1.2% on a constant currency basis. The company's adjusted EBITDA margin improved by 140 basis points to 12.7%. A Restructuring Program initiated in Q1 2024 is expected to deliver annual savings of $80 million beginning in 2025.

The company reported strong distributor trends with a 22% year-over-year increase in new distributors for Q4, marking the third consecutive quarter of growth. The Board appointed Stephan Gratziani as CEO, effective May 1, 2025, with Michael Johnson transitioning to Executive Chairman.

Herbalife (NYSE: HLF) has announced a significant leadership change, appointing current President Stephan Gratziani as Chief Executive Officer, effective May 1, 2025. Current CEO Michael Johnson will transition to Executive Chairman.

Gratziani, a former Herbalife independent distributor who built one of the top global distributorships over 32 years, joined the company as Chief Strategy Officer in August 2023 and became President in January 2024. His vision includes merging Herbalife's distributor network with health and wellness technology to modernize the business.

Additionally, Rob Levy, current Managing Director of International Markets, will become President of Worldwide Markets on May 1, 2025. Levy, a 30-year company veteran, currently oversees operations across 43 international markets.

Herbalife (NYSE: HLF) has scheduled the release of its fourth quarter and full-year 2024 financial results for February 19, 2025, after NYSE trading hours. The company will host a live audio webcast and conference call with senior management at 5:30 p.m. ET (2:30 p.m. PT) on the same day to discuss the financial results.

Participants can access the webcast through the provided link and join the conference call by registering to obtain dial-in information and a personal PIN. The earnings release, supplemental materials, and webcast will be available on Herbalife's Investor Relations website, with the webcast replay accessible for 12 months following the event.

Herbalife (NYSE: HLF), the official nutrition sponsor of the LA Galaxy, celebrates the team's sixth MLS Cup championship victory in 2024. The partnership, marking 20 consecutive seasons, represents the longest-running jersey sponsorship in Major League Soccer history. Herbalife provides comprehensive nutritional support through their Herbalife24 line of NSF Certified for Sport® products and personalized nutrition plans.

The partnership extends beyond sports nutrition through their Joint Community Partnership Fund, supporting initiatives like the LA Galaxy Special Olympics Unified Team, A Place Called Home's back-to-school event, and collaborating with the U.S. Soccer Foundation to create a new mini-pitch in Pico Rivera. Recently, they launched the Galaxy's Retrograde Kit into space, symbolizing their ongoing commitment to excellence.

Herbalife (NYSE: HLF), a leading health and wellness company, has announced that Chief Financial Officer John DeSimone will participate in a fireside chat with Doug Lane, Head of Consumer Products at Water Tower Research. The event is scheduled for Tuesday, December 10, 2024, at 11:00 a.m. ET (8:00 a.m. PT).

The discussion will be accessible via webcast through both a direct Zoom link and the Investor Relations section of Herbalife's website. A replay of the conversation will remain available on Herbalife's website for six months after the event.

Herbalife Family Foundation (HFF) has awarded $5 million in grants to 164 nonprofit organizations across 59 countries and territories through its Casa Herbalife Program. The funding, supported by Herbalife's independent distributors and employees, aims to provide nutritious meals, educational resources, and safe spaces for approximately 200,000 children worldwide. The Casa Herbalife Program, established in 1998 by Herbalife Founder Mark Hughes, partners with orphanages, schools, hospitals, and community centers to address food insecurity and childhood development. This grant announcement marks HFF's 30th anniversary of community empowerment.

Herbalife, LA Galaxy, and the Garden School Foundation hosted their third annual Thanksgiving Cookoff at Dignity Health Sports Park for over 50 students from local elementary schools. The event included a soccer clinic, garden tour, and cooking session led by Chef Matthew Lindblom. Students prepared a three-course Thanksgiving meal with LA Galaxy players. The event was funded through the Joint Community Partnership Fund, a collaboration between Herbalife and LA Galaxy that has contributed over $2.5 million to community programs, with an additional $1.25 million added in 2022. The Garden School Foundation serves more than 3,200 students across ten Title I elementary schools.

Herbalife (NYSE: HLF) reported Q3 2024 financial results with net sales of $1.2 billion, down 3.2% year-over-year, including 290 basis points of FX headwinds. The company posted net income of $47.4 million and adjusted EBITDA of $166.5 million, exceeding guidance. Gross profit margin improved to 78.3% from 76.3% in Q3 2023. The company raised its full-year adjusted EBITDA guidance to $590-620 million and narrowed its net sales guidance to -2.0% to -1.0% year-over-year. New distributor recruitment increased 14% worldwide, marking the second consecutive quarter of growth.

Herbalife, a premier health and wellness company, has set a new GUINNESS WORLD RECORDS title for the largest high-intensity interval training class (multiple venues). The global event, broadcast live from Las Vegas on September 21, 2024, united more than 4,900 Herbalife independent distributors and fitness enthusiasts worldwide.

The Worldwide Workout attracted over 11,000 participants from countries including France, Romania, and China, who joined virtually via Herbalife's YouTube livestream. In-person events were hosted at various locations globally, including Galaxy Park in the United States, the Mexico Olympic Committee facility, and the Mumbai Convention Center in India.

The event also served as a global fundraiser, with Herbalife committing to donate up to $40,000 for the Herbalife Family Foundation's Casa Herbalife Program. Many participants prepared and recovered from the workout using Herbalife24® products, including CR7 Drive and Rebuild Strength.