Herbalife - HLF STOCK NEWS

Herbalife, a premier health and wellness company, served as the Official Nutrition Partner for the 31st Annual Ketchum-Downtown YMCA Stair Climb and Urban Hike in Los Angeles. The event attracted over 3,000 participants, including Herbalife team members, who climbed 75 flights to the top of the U.S. Bank Tower and hiked through iconic landmarks. Herbalife provided science-backed products for refueling, marking their 11th consecutive year of participation.

The event is one of Downtown LA's largest fundraisers, with all proceeds benefiting youth and teen community programs. Herbalife's involvement aligns with their mission to promote health and well-being. Through the Herbalife Family Foundation (HFF), the company has awarded over $50 million to community organizations globally since 2005, supporting over 175 nonprofits across more than 60 countries.

Herbalife (NYSE: HLF), a leading health and wellness company, has announced its participation in the Barclays Global Consumer Staples Conference. The event will feature a fireside chat with John DeSimone, Herbalife's Chief Financial Officer, scheduled for Tuesday, September 3, 2024, at 12:00 p.m. ET (9:00 a.m. PT).

Investors and interested parties can access a live webcast of the fireside chat through the Investor Relations section of Herbalife's website. The company will also provide a replay of the webcast on the same platform, which will be available for six months following the event.

Herbalife, a leading health and wellness company, will participate in the 2024 AOAC INTERNATIONAL Annual Meeting & Exposition in Baltimore from August 23-28. The company will showcase innovative methods for ensuring ingredient identification and product quality. Herbalife's participation highlights its commitment to public safety and innovation in the dietary supplements industry.

Dr. Adam Faller will present on using quantitative genomic analysis for process control in vegan dietary supplements. Additionally, Herbalife will present seven scientific posters addressing challenges in dietary supplement safety, efficacy, and quality. These posters cover topics such as micronutrient testing in chewables, omega-3 fatty acid determination, synthetic dye detection, and mineral measurement in protein powders.

Herbalife (NYSE: HLF) reported Q2 2024 financial results, with net sales of $1.3 billion, down 2.5% year-over-year due to FX headwinds. However, the company achieved 0.2% growth on a constant currency basis. Highlights include:

- Adjusted EBITDA of $180.0 million, exceeding guidance
- Adjusted diluted EPS of $0.54
- Net income of $4.7 million; adjusted net income of $54.8 million
- Gross profit margin improved to 77.9%
- New distributor recruitment increased 12% year-over-year

The company raised its full-year 2024 adjusted EBITDA guidance while reducing net sales guidance. Herbalife also completed a $1.6 billion debt refinancing and sold its Torrance office building for approximately $38 million.

Herbalife (NYSE: HLF), a leading health and wellness company, will announce its Q2 2024 financial results on Wednesday, July 31, 2024, after the NYSE closes.

At 5:30 p.m. ET on the same day, Herbalife's senior management will host a live audio webcast and conference call to discuss the results.

The webcast and earnings release, along with supplemental materials, will be accessible in the Investor Relations section of Herbalife's website.

Participants can join the conference call by registering for a personal PIN. A replay of the webcast will be available for 12 months following the event.

Herbalife (NYSE: HLF), a leading health and wellness company, has appointed Perkins Miller as an independent director to its board, effective June 26, 2024. Miller is the current CEO of Fandom, leading the brand into an entertainment tech company with personalized experiences and targeted advertising. He has a proven track record in large-scale e-commerce and media technology, including positions at StubHub, NFL, WWE, and NBC Sports. Michael Johnson, Herbalife's Chairman and CEO, highlighted Miller's expertise as valuable for the company's ongoing growth and transformation. Miller has previously served as an independent director at ISOS Capital Management and expressed enthusiasm about supporting Herbalife's mission.

Herbalife and Herbalife Family Foundation (HFF) have renewed their partnership with World Food Program USA (WFP USA), committing $1 million over three years to support women-led agribusinesses in Colombia. This partnership, extending their collaboration to seven years, focuses on economic empowerment, food security, and equity for women smallholder farmers, who contribute to 35% of global food production but face significant resource access barriers. Michael Johnson, CEO of Herbalife, emphasized the initiative's alignment with the company's mission of community health and wellbeing. Since 2018, this collaboration has provided approximately 2.1 million meals and supported emergency relief efforts globally. WFP's efforts have also earned the Nobel Peace Prize in 2020 for combating hunger and promoting peace. The initiative aims to close the gender gap in agriculture, potentially improving food security for 45 million people.

Herbalife (NYSE: HLF) announced that its President Stephan Gratziani and CFO John DeSimone will participate in a fireside chat at the Water Tower Research Consumer Products Virtual Investor Conference on June 6, 2024, at 9:00 am ET. Interested parties can access the webcast via a provided link and are encouraged to register in advance. A replay will be available on Herbalife's Investor Relations website for 12 months post-event.

Herbalife reported year-over-year net sales growth for the second consecutive quarter, with net sales of $1.3 billion, up 1.0% from 1Q '23. The company achieved adjusted EBITDA of $138.3 million, exceeding guidance. Herbalife announced a new restructuring plan to streamline organizational structure, targeting annual cost savings of $80 million, with $40 million expected in 2024. The company completed a $1.6 billion senior secured refinancing on April 12. Overall, Herbalife projects a positive outlook with revised full-year 2024 guidance.