STOCK TITAN

Herbalife Nutrition Opens New East Coast Distribution Center to Meet Growing Demand for Its Products

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

On September 20, Herbalife Nutrition (NYSE: HLF) will commence operations at its new 178,000 square foot distribution center in Hagerstown, Maryland. This facility aims to meet the growing demand for Herbalife's nutrition products and will serve the Eastern and Northeastern U.S. regions. The center is expected to create approximately 85 jobs and contribute about $6 million annually to the local economy. The facility will manage around 40,000 orders per month and houses 144 unique product SKUs.

Positive
  • New distribution center opens, enhancing operational capacity.
  • Facility expected to create 85 jobs in the local area.
  • $6 million annual economic contribution to Hagerstown.
  • Will process approximately 40,000 orders per month.
Negative
  • None.

LOS ANGELES--(BUSINESS WIRE)-- On September 20, Herbalife Nutrition, a premier global nutrition company, will open its doors and begin shipment of its first orders from its newest distribution center in Hagerstown, Maryland. The new 178,000 square foot facility will help meet the growing demand for the company’s nutrition products and will service the distribution needs for the Eastern and Northeastern regions of the United States. The facility will employ approximately 85 people and contribute approximately $6 million annually to the local economy.

“Spurred on by years of growth as our distributors delivered valuable nutrition solutions to customers across the nation, our new distribution facility allows us to better serve our quickly expanding customer base, while also creating further efficiencies for the company,” said Mark Schissel, Chief Operating Officer for Herbalife Nutrition.

The Hagerstown facility, approximately 70 miles Northwest of Washington D.C., will house approximately 144 unique product SKUs and will initially process around 40,000 orders per month.

The facility is the company’s third U.S. distribution center, joining Los Angeles and Memphis.

For more information, please visit IAmHerbalifeNutrition.com. Herbalife Nutrition also encourages investors to visit its investor relations website at ir.herbalife.com as financial and other information is updated, and new information is posted.

About Herbalife Nutrition Ltd.

Herbalife Nutrition (NYSE:HLF) is a global company that has been changing people's lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers high-quality, science-backed products, sold in over 90 countries by entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle. Through the Company’s global campaign to eradicate hunger, Herbalife Nutrition is also committed to bringing nutrition and education to communities around the world.

Gary Kishner

213-745-0456

garyki@herbalife.com

Source: Herbalife Nutrition Ltd.

Herbalife Ltd.

NYSE:HLF

HLF Rankings

HLF Latest News

HLF Stock Data

677.83M
98.99M
1.77%
109.01%
10.45%
Packaged Foods
Wholesale-drugs, Proprietaries & Druggists' Sundries
Link
United States of America
GEORGE TOWN