Welcome to our dedicated page for Herbalife Ltd. news (Ticker: HLF), a resource for investors and traders seeking the latest updates and insights on Herbalife Ltd. stock.
Herbalife Ltd. (NYSE: HLF) is a global leader in providing nutritional and wellness products, empowering individuals to lead healthier, more active lives since 1980. With a thriving presence in over 90 countries, Herbalife leverages a direct-selling business model through dedicated independent members. The company's extensive product range includes weight management, targeted nutrition, energy, sports, and fitness products, as well as outer nutrition and related literature.
Headquartered in Los Angeles, California, Herbalife's influence extends through its more than 7,500 employees and millions of customers worldwide. In 2014, Herbalife reported an impressive net sales figure of $5.0 billion, illustrating its significant market impact.
Herbalife's commitment to promoting a healthy lifestyle is evident not only in its product offerings but also through its sponsorships of over 150 sporting events, teams, and athletes globally. This commitment is mirrored internally through wellness programs and fitness facilities available to employees, reinforcing the company’s core values.
Recent innovations and projects highlight Herbalife's ongoing investment in research and development, ensuring their products meet the highest standards of quality and efficacy. The company's expansive market reach is divided into geographic segments: North America, Mexico, South and Central America, EMEA, Asia-Pacific, and China.
Pursuing a career at Herbalife means joining a forward-thinking company that not only changes the lives of its customers but also provides progressive career paths and superior benefits. With multiple locations across the United States, including Torrance, Downtown LA, Carson, Lake Forest, Winston-Salem, Memphis, and Phoenix, Herbalife offers ample opportunities to grow professionally.
For the latest updates on Herbalife Ltd., including news on performance, events, and developments, stay informed through our comprehensive news section.
Herbalife Nutrition Ltd. (NYSE: HLF) has priced a private offering of $250 million in convertible senior notes due 2028, with a semiannual interest rate of 4.25%. The initial conversion rate is set at 58.8998 shares per $1,000 principal, correlating to a conversion price of approximately $16.98 per share. The company anticipates net proceeds of $241.9 million, primarily to repurchase $287.5 million of existing convertible notes due 2024. The sale is expected to close around December 9, 2022, subject to customary conditions.
Herbalife Nutrition Ltd. (NYSE: HLF) plans to offer $250 million of convertible senior notes due 2028 in a private placement. An additional $37.5 million may be offered for settlement within 13 days of issuance. Proceeds will be used to repurchase existing 2.625% convertible senior notes due 2024 and for general corporate purposes. The notes are senior, unsecured, and convertible under specific conditions. These actions may influence stock trading by holders of existing notes. The offering is not registered under the Securities Act, highlighting its exclusivity.
Herbalife Nutrition Ltd. reported third-quarter 2022 net sales of $1.3 billion, reflecting a 9.5% decline year-over-year. Adjusted diluted EPS stood at $0.91, compared to $1.21 in Q3 2021. The company faced challenges due to macroeconomic inflation and unfavorable geographic revenue mix. Despite a $50 million debt reduction, Herbalife has withdrawn its FY 2022 guidance amid a volatile marketplace. Positive trends in India were noted, with plans to enhance distributor recruitment through new campaigns. Management expressed confidence in overcoming current challenges.
Herbalife Nutrition has appointed Michael O. Johnson as Chairman of the Board and interim Chief Executive Officer, succeeding Dr. John Agwunobi. Johnson, with over 40 years of experience, previously led the company as CEO from 2003 to 2017, quadrupling sales and expanding operations globally. The board expressed confidence in Johnson's ability to drive growth and innovation. A permanent CEO is expected to be named in 2023. The announcement coincides with the release of the company's third quarter 2022 earnings results, highlighting its commitment to nutrition and economic opportunities.
Herbalife Nutrition, in partnership with the Herbalife Nutrition Foundation and the Global FoodBanking Network, is launching a two-year initiative aimed at addressing hunger in Southeast Asia through a $300,000 grant. This initiative, under the Nutrition for Zero Hunger campaign, focuses on food bank development and capacity building, particularly in Indonesia and Vietnam. With an increasing number of people facing food insecurity, this collaboration aims to create sustainable solutions to combat malnutrition and support local communities.
Herbalife Nutrition (NYSE:HLF) announced that its Chairman and CEO, John Agwunobi, will speak at the Council for Responsible Nutrition’s 2022 Now, New, Next symposium on October 12 in Phoenix, Arizona. He will address dietary supplements' role in preventative nutrition and the company's commitment to improving global nutrition access. The event emphasizes industry standards and the CRN Foundation's #Act4Access initiative, which raises awareness about dietary supplement benefits. Herbalife has been involved with CRN for 25 years and aims to impact 50 million lives positively by 2030.
Herbalife Nutrition Ltd. (NYSE: HLF) plans to release its third quarter 2022 financial results on October 31, 2022, after NYSE trading. A conference call with senior management will follow at 5:30 p.m. ET to discuss results and business trends. Interested participants must register for dial-in information. A live webcast will also be available, with replays accessible afterward on the company's investor relations website.
Herbalife Nutrition, a global nutrition company, announced CEO John Agwunobi's participation in the 2022 HACR Annual Symposium on September 28, 2022, in Los Angeles. The event focuses on Hispanic inclusion in corporate America, addressing diversity, equity, and inclusion (DE&I) practices. Agwunobi will share insights on leadership networking and the company's global responsibility efforts. Herbalife has been a member of HACR for nearly a decade, earning recognition for its inclusive workplace practices. The company aims for 50 million positive impacts by 2030.
Herbalife Nutrition announced its participation in global nutrition and wellness conferences during Q3 and Q4 2022. Over 300 scientists and Nutrition Advisory Board members will share their expertise across various topics, including disease prevention and sports nutrition. Key events include the BeActive! Eat to Win webinar on September 26 and the Future of Food and Farming Summit on September 29. The company aims to educate future nutrition professionals and support sustainable practices.
FAQ
What is the current stock price of Herbalife Ltd. (HLF)?
What is the market cap of Herbalife Ltd. (HLF)?
What is Herbalife Ltd.?
Where is Herbalife headquartered?
What types of products does Herbalife offer?
How does Herbalife distribute its products?
What was Herbalife's reported net sales in 2014?
How many countries does Herbalife operate in?
Does Herbalife sponsor any sporting events or athletes?
What are some career benefits at Herbalife?
How many employees does Herbalife have?
In which geographic segments does Herbalife operate?
