Herbalife Ltd. - HLF STOCK NEWS

Herbalife Nutrition highlighted its commitment to scientific excellence at the 2022 AOAC International Annual Meeting, where its scientists co-chaired sessions and presented 11 research posters. Key advancements in testing methods and botanical identification were showcased. The company awarded two scholarships, worth $4,000 each, to graduate students for research in analytical testing. The event underscores Herbalife's dedication to ensuring product quality through rigorous scientific research, led by over 300 scientists at its facilities worldwide.

Logility, a leader in supply chain innovation, has partnered with Herbalife Nutrition to enhance its global supply chain management. This collaboration aims to streamline processes, improve inventory visibility, and achieve better distribution planning. Herbalife, operating in 95 markets with over 10,000 employees, seeks to leverage Logility's Digital Supply Chain Platform for increased efficiency. The initiative emphasizes the importance of supply chain transparency, especially for companies customizing products to individual orders. This strategic move aligns with Herbalife's goal of enhancing its operational performance.

Herbalife Nutrition has renewed its long-standing partnership with LA Galaxy, originally established in 2005, and will remain the club's exclusive nutrition and wellness partner starting from the 2023 MLS season. This renewal marks the longest-running jersey sponsorship in Major League Soccer history. As part of the deal, Herbalife Nutrition and the LA Galaxy Foundations will commit $1.25 million to charitable initiatives for underserved children globally. Additionally, Julián Araujo has signed a multi-year sponsorship deal to promote Herbalife's products and engage in community initiatives.

Herbalife Nutrition has announced the launch of Herbalife One, a digital transformation initiative, marking the largest single investment in the company's history at over $400 million. This platform aims to streamline distributor and customer interactions through advanced technologies and processes, enhancing efficiency and productivity. A significant portion, up to $250 million, will be invested over the next three years. The initiative promises various digital enhancements to improve distributor onboarding, shopping tools, and community support.

Herbalife Nutrition Ltd. (NYSE: HLF) reported Q2 2022 financial results, revealing net sales of $1.4 billion, down 10.3% year-over-year. Despite a decline, results exceeded guidance, with reported EPS at $0.88 and adjusted EPS at $0.96. The company expects net sales growth to return in Q4 2022. Full year adjusted EPS guidance has been lowered to $3.25 to $3.75 due to currency fluctuations. Notably, share repurchases totaled 1.1 million shares for $30.2 million. The company remains optimistic about future performance, particularly through in-person events.

Herbalife Nutrition Ltd. (NYSE: HLF) will announce its second quarter 2022 financial results on August 2, 2022, after the NYSE trading closes. A conference call with the company's senior management will follow at 5:30 p.m. ET to discuss the financial outcomes and current business trends. Registration is required for dial-in access, and the call will also be available via webcast. An audio replay will be accessible in the investor relations section of the company's website.

Herbalife Nutrition has announced plans to consolidate its corporate headquarters and North American operations into a single campus in Los Angeles. This strategic move aims to foster collaboration by bringing together its workforce, enhancing company culture. The company will vacate its downtown office at LA Live and relocate employees to an owned office building nearby. Upgrades to the new campus are already underway, with completion expected by the end of 2023. This development will also serve as a meeting point for local distributors and global leadership.

Herbalife Nutrition has announced a $25,000 grant to Village Book Builders to enhance educational resources for children in Mexico and Ghana. This initiative aims to provide mentorship, books, and computers, fostering a love for learning through activities like reading clubs. Employees will volunteer as mentors. The partnership aligns with Herbalife's goal to create 50 million positive impacts by 2030, underscoring its commitment to global responsibility and economic empowerment.