UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-32381 HERBALIFE LTD. (Exact name of registrant as specified in its charter) Cayman Islands 98-0377871 (State or other jurisdi ...

Core Viewpoint - High Liner Foods Incorporated is celebrating its 125th anniversary and over 50 years of being listed on the Toronto Stock Exchange (TSX) [1] Company Overview - High Liner Foods is a leading North American processor and marketer of value-added frozen seafood [1] - The company offers retail branded products under the labels High Liner, Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day, which are sold throughout Canada and the United States [1] - High Liner Foods has a rich history rooted in Atlantic Canada, with its origins dating back to December 12, 1899 [1] Market Engagement - The market opening ceremony was attended by key figures including Paul Jewer, President & CEO, and Honourable Susan Corkum-Greek, Minister of Economic Development [1] - The event took place in Lunenburg, Nova Scotia, the location where the company's story began [1]

Herbalife Ltd. (NYSE:HLF) Q2 2024 Earnings Conference Call July 31, 2024 5:30 PM ET Company Participants Erin Banyas - Vice President and Head of Investor Relations Michael Johnson - Chairman and Chief Executive Officer Stephan Gratziani - President John DeSimone - Chief Financial Officer Conference Call Participants Jeff Van Sinderen - B. Riley Securities Chasen Bender - Citigroup Inc. Hale Holden - Barclays Bank PLC Linda Bolton-Weiser - D.A. Davidson John Baumgartner - Mizuho Securities Karru Martinson - ...

Herbalife Q2 2024 Earnings Presentation July 31, 2024 Heather Jackson United States Gravel Racing and Ultra Running Arianna Errigo Italy (Flag Bearer) Fencing Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state se ...

Herbalife Ltd (HLF) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25.58%. A quarter ago, it was expected that this company would post earnings of $0.37 per share when it actually produced earnings of $0.49, delivering a surprise of 32.43%.Over the last four quarters, the company has ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-32381 HERBALIFE LTD. (Exact name of registrant as specified in its charter) Cayman Islands 98-0377871 (State or other jurisdiction ...

[Herbalife Second Quarter 2024 Financial Results](index=1&type=section&id=Herbalife%20Second%20Quarter%202024%20Financial%20Results) [Financial and Operational Highlights](index=1&type=section&id=Financial%20and%20Operational%20Highlights) Herbalife reported a Q2 2024 net sales decline of 2.5% to $1.3 billion, raised its full-year adjusted EBITDA guidance, and reduced its net sales outlook Q2 2024 Key Financial Metrics | Metric | Q2 2024 Value | YoY Change | Note | | :--- | :--- | :--- | :--- | | Net Sales | $1.3 billion | -2.5% | +0.2% on constant currency basis | | Net Income | $4.7 million | - | - | | Adjusted Net Income | $54.8 million | - | - | | Adjusted EBITDA | $180.0 million | - | Exceeded guidance; margin up 120 bps | | Diluted EPS | $0.05 | - | Includes $0.33 headwind from restructuring | | Adjusted Diluted EPS | $0.54 | - | - | | Operating Cash Flow | $102.5 million | - | - | - The company raised its full-year 2024 adjusted EBITDA guidance, reduced its net sales guidance, and reaffirmed its capital expenditures forecast[2](index=2&type=chunk) - The total leverage ratio was reduced to **3.5x** as of June 30, 2024[2](index=2&type=chunk) - CEO Michael Johnson highlighted that Q2 Adjusted EBITDA was the **highest in seven quarters** and noted that the increase in new distributors is building a foundation for future sales growth[2](index=2&type=chunk) [Management Commentary](index=2&type=section&id=Management%20Commentary) Management detailed financial performance, margin improvements from pricing, an ongoing restructuring program, and significant corporate actions including debt refinancing and an asset sale - Gross profit margin improved to **77.9%** in Q2 2024 from 77.0% in Q2 2023, benefiting from approximately 160 basis points of pricing, which was partially offset by 60 basis points of input cost inflation[3](index=3&type=chunk) - The Restructuring Program is expected to deliver annual savings of at least **$80 million** beginning in 2025, with at least **$50 million** now expected in 2024 (up from $40 million)[6](index=6&type=chunk) - In April, the company completed a **$1.6 billion debt refinancing** to repay amounts under its 2018 Credit Facility and redeem a portion of its 2025 Notes, resulting in a $10.5 million loss on extinguishment of debt[7](index=7&type=chunk) - The company completed a sale and leaseback of its Torrance, California office building in July, generating net proceeds of approximately **$38 million**[8](index=8&type=chunk) - The CFO reiterated the company's focus on expanding margins and reducing the total leverage ratio to **3.0x** by the end of 2025[8](index=8&type=chunk) [Business and Distributor Momentum](index=2&type=section&id=Business%20and%20Distributor%20Momentum) The company saw a significant 12% year-over-year increase in new distributors, reversing a multi-quarter decline, driven by record attendance at global training events - The number of new distributors worldwide increased **12% year-over-year** and **26% sequentially** in Q2 2024, breaking a trend of 12 consecutive quarters of year-over-year declines[9](index=9&type=chunk) - Extravaganza training events attracted approximately **83,300 attendees** globally, with the Asia Pacific event setting a new attendance record of 24,000 attendees and India's first multi-city event setting a record with 35,700 attendees[8](index=8&type=chunk)[9](index=9&type=chunk) [Regional Performance Analysis](index=4&type=section&id=Regional%20Performance%20Analysis) Regional performance varied, with constant currency sales growth in Latin America, EMEA, and Asia Pacific offset by declines in North America and China Q2 2024 Net Sales Growth by Region (YoY) | Region | Reported Growth | Constant Currency Growth | | :--- | :--- | :--- | | North America | (6.7)% | (6.7)% | | Latin America | 2.3% | 4.7% | | EMEA | (0.6)% | 3.5% | | Asia Pacific | (2.1)% | 1.6% | | China | (7.2)% | (4.0)% | | **Worldwide** | **(2.5)%** | **0.2%** | Q2 2024 Volume Point Change by Region (YoY) | Region | YoY % Change | | :--- | :--- | | North America | (13.1)% | | Latin America | (2.1)% | | EMEA | (9.7)% | | Asia Pacific | (1.9)% | | China | (1.8)% | | **Worldwide** | **(6.0)%** | - Most markets in Latin America implemented a **5% price reduction** and Volume Point adjustments to improve product competitiveness and stimulate growth[13](index=13&type=chunk) [Financial Guidance](index=5&type=section&id=Financial%20Guidance) The company provided Q3 2024 guidance and revised its full-year outlook, lowering net sales expectations while raising the adjusted EBITDA forecast Third Quarter 2024 Guidance | Metric | Q3 2024 Guidance | | :--- | :--- | | Net Sales (YoY) | (4.5)% to 0% | | Adjusted EBITDA | $125M – $155M | | Capital Expenditures | $35M – $45M | Full-Year 2024 Guidance (Revised) | Metric | Revised FY24 Guidance | Previous FY24 Guidance | | :--- | :--- | :--- | | Net Sales (YoY) | (3.5)% to +1.5% | 0% to +5% | | Adjusted EBITDA | $560M – $600M | $550M – $590M | | Capital Expenditures | $120M – $150M | $120M – $150M (Reaffirmed) | [Condensed Consolidated Financial Statements (Unaudited)](index=8&type=section&id=Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) The unaudited statements show a sharp decline in quarterly net income, a continued shareholders' deficit, and lower year-to-date operating cash flow [Condensed Consolidated Statements of Income](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Q2 2024 vs Q2 2023 Income Statement Highlights (in millions) | Line Item | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Worldwide Net sales | $1,281.1 | $1,314.0 | | Gross profit | $998.0 | $1,012.4 | | Operating income | $80.4 | $123.4 | | Net income | $4.7 | $59.9 | | Diluted EPS | $0.05 | $0.60 | [Condensed Consolidated Balance Sheets](index=9&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Balance Sheet Highlights (in millions) | Line Item | June 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $374.0 | $575.2 | | Total Assets | $2,602.2 | $2,809.4 | | Long-term debt, net | $2,321.0 | $2,252.9 | | Total Liabilities | $3,639.4 | $3,869.7 | | Total Shareholders' Deficit | $(1,037.2) | $(1,060.3) | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Six Months Ended June 30 Cash Flow Highlights (in millions) | Line Item | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $116.3 | $181.8 | | Net cash used in investing activities | $(69.0) | $(68.5) | | Net cash used in financing activities | $(240.2) | $(85.3) | [Schedule A: Reconciliation of Non-GAAP Financial Measures](index=11&type=section&id=Schedule%20A%3A%20Reconciliation%20of%20Non-GAAP%20Financial%20Measures) This section reconciles GAAP to non-GAAP metrics, detailing adjustments for items like restructuring costs to arrive at adjusted net income and adjusted EBITDA Q2 2024 Reconciliation of Net Income to Adjusted Net Income (in millions) | Description | Amount | | :--- | :--- | | Net income (GAAP) | $4.7 | | Expenses related to Restructuring Program | $48.8 | | Expenses related to Transformation Program | $3.5 | | Digital technology program costs | $6.0 | | Loss on extinguishment of debt | $10.5 | | Income tax adjustments for above items | $(18.7) | | **Adjusted net income (Non-GAAP)** | **$54.8** | Q2 2024 Reconciliation of Net Income to Adjusted EBITDA (in millions) | Description | Amount | | :--- | :--- | | Net income (GAAP) | $4.7 | | Interest expense, net | $57.7 | | Income taxes | $7.5 | | Depreciation and amortization | $32.6 | | **EBITDA** | **$102.5** | | Adjustments (Restructuring, Digital Tech, etc.) | $77.5 | | **Adjusted EBITDA (Non-GAAP)** | **$180.0** | - The Credit Agreement Total Leverage Ratio was calculated at **3.5x** based on a TTM Credit Agreement EBITDA of **$691.6 million** and total debt of **$2,422.5 million** as of June 30, 2024[37](index=37&type=chunk)

WHITEHORSE, Yukon, July 30, 2024 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX) (“Victoria” or the “Company”) provides an update on the management of the heap leach facility (“HLF”) incident that occurred at the Eagle Gold Mine on June 24, 2024 (see Company news releases dated June 24, 2024, July 4, 2024, and July 12, 2024). Safety Victoria’s focus continues to be on the safety of its employees and mitigation of harm to the environment. As previously reported, the Company has and will continue to liaise ...

While I tend to prefer writing about the market in the third person, the topic of fitness and the business world around it is a personal matter to me. After all, the fitness market, unlike technology or defense, relies on us, the average person, to remain relevant. For me, staying fit through gym memberships has never quite yielded the same results as spending time outdoors, and I think the reality is the same for most of us. Unless you live in extreme weather conditions like the deserts of Arizona or the f ...

Herbalife Ltd. (NYSE:HLF) Q1 2024 Earnings Conference Call May 1, 2024 5:30 PM ET Company Participants Erin Banyas - Vice President and Head of Investor Relations Michael Johnson - Chairman and Chief Executive Officer Stephan Gratziani - President John DeSimone - Chief Financial Officer Conference Call Participants Chasen Bender - Citigroup Inc. John Baumgartner - Mizuho Securities Anna Lizzul - Bank of America Hale Holden - Barclays Bank PLC Linda Bolton-Weiser - D.A. Davidson Jeff Van Sinderen - B. Riley ...