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 (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.
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