Herbalife Ltd. released its financial report for the fourth quarter and full year 2023. Net sales during the fourth quarter reached $1.2 billion, a 2.9% increase from the previous year’s quarter, and net income of $10.2 million with an adjusted EBITDA of $108.8 million. Fourth quarter gross profit margin was 76.3%.
Herbalife Ltd reported third quarter 2023 net sales of $1.3 billion, a slight decline (1.1%) from the same quarter in 2022, with net sales trends improving for three sequential quarters. Gross profit margin in the quarter was 76.3% and net income was $42.8 million. Adjusted EBITDA was $163.3 million, which includes approximately $2 million of […]
Herbalife Nutrition reported a decrease of 11% in net sales during the first quarter of 2022, as compared to the prior year’s quarter. Total net sales were $1.3 billion. EPS for the quarter was $0.96 and adjusted earnings per diluted share topped out at the high-end of the company’s guidance range at $0.99.
Common Practices. Managerial Courage. Calculated Risk. If a founder’s belief in a hero product starts a company on its journey toward the billion-dollar mark, then it’s stellar decision-making and a determined field that can propel them into momentum and triple digit multimillion-dollar status. But scaling to a billion or more? What does it take to get […]
Herbalife Nutrition released its full year 2021 financial results, reporting net sales of $5.8 billion, a 4.7% increase over 2020 and the largest annual net sales in company history.
Herbalife Nutrition reported year-over-year net sales growth in the second quarter of 2021 for five of its six geographic regions, with four of the six exceeding 20% growth.
The Board of Directors of Herbalife Nutrition Ltd. announced that Bosco Chiu will serve as the company’s first-ever chief risk officer. Chiu, who has served as executive vice president and chief financial officer, has been with Herbalife Nutrition for 27 years, holding progressive roles and responsibilities over various accounting and finance functions. Before joining Herbalife Nutrition, he was an auditor at Price […]
Herbalife Nutrition Ltd. announced its executives will present at the 2020 Consumer Analyst Group of New York (CAGNY) Investor Conference on February 20, 2020. The presentation at the CAGNY Conference will be delivered by incoming CEO, Dr. John Agwunobi, current Co-President and Chief Strategic Officer John DeSimone and Senior Vice President of Finance and Strategic Planning Alex Amezquita. The executives will discuss the […]
Herbalife Nutrition Ltd. announced its executives will present at the 2020 Consumer Analyst Group of New York (CAGNY) Investor Conference on February 20, 2020. The presentation at the CAGNY Conference will be delivered by incoming CEO, Dr. John Agwunobi, current Co-President and Chief Strategic Officer John DeSimone and Senior Vice President of Finance and Strategic Planning Alex Amezquita. The executives will discuss the […]
Herbalife Nutrition and Proactive Sports Performance plan to extend their long-time partnership by opening Herbalife Nutrition’s first global performance center. The new facility, currently under construction in Westlake Village, California, will open in the fourth quarter of 2020. It will combine the company’s expertise in sports nutrition with Proactive CEO and Founder Ryan Capretta’s knowledge and experience in sports performance. “We […]
When the WFDSA numbers came out in June, it showed that 46 percent of the global revenue for direct selling came from Asia/Pacific (32% North America, 21% Europe) with China its largest market making up the bulk of that number (nearly 40%). In our July feature titled The China Conundrum, we discussed the possible impact […]
What will be the impact of China’s 100-day action on the direct selling channel going forward? Time will tell. When Direct Selling News released its Global 100 list of the top direct selling companies in the world in June, one country was conspicuously underrepresented. China, the second largest direct selling market, had only one company […]