Herbalife Ltd (HLF) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 32.43%. A quarter ago, it was expected that this company would post earnings of $0.38 per share when it actually produced earnings of $0.28, delivering a surprise of -26.32%.Over the last four quarters, the company ha ...

Financial Performance - Net sales for Q1 2024 increased by 1% year-over-year to $1.3 billion[9] - Adjusted EBITDA for Q1 2024 was $138 million[16] - Adjusted EBITDA margin increased by 60 bps to 10.9% compared to Q1 2023[16] - Adjusted diluted EPS was $0.49, including a $0.03 year-over-year foreign exchange headwind[17] Strategic Initiatives and Restructuring - The company is redesigning and streamlining its organizational structure, with major markets reporting directly to the President[9] - A restructuring plan is expected to generate at least $80 million in savings in 2025, with approximately $40 million expected in 2024[17] - The company completed a $1.6 billion senior secured refinancing in April[9, 17] - The target total leverage ratio is 3.0x by the end of 2025[9, 17] New Distributor Growth - Worldwide new distributors increased by 22% from March 2024 to April 2024 (month-to-date)[12] - North America saw a 41% increase in new distributors month-to-date in April 2024 compared to April 2023[12] - China experienced a 75% increase in new distributors from March 2024 to April 2024[12] Regional Performance - North America net sales decreased by 11% year-over-year to $265.8 million[22] - China net sales increased by 11% year-over-year to $75.2 million[22]

Exhibit 99.1 Herbalife Reports Year-Over-Year Net Sales Growth for Second Consecutive Quarter; Raises Full-Year 2024 Adjusted EBITDA1 Guidance LOS ANGELES, May 1, 2024 – Herbalife Ltd. (NYSE: HLF) today reported financial results for the first quarter ended March 31, 2024: Highlights First Quarter 2024 • Achieved year-over-year net sales growth on both reported and constant currency basis2 ○ Net sales of $1.3 billion, up 1.0% vs. 1Q '23, in-line with guidance; on constant currency basis2 up 2.4% • Net incom ...

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 March 31, 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 jurisdictio ...

The Company Has Pledged to Achieve Green-Level My Green Lab Certifications for All of its Laboratories by the End of 2030 LOS ANGELES, April 22, 2024 /PRNewswire/ -- Herbalife, a premier health and wellness company, announced today that two more of its laboratories have completed the My Green Lab Certification Program, at the 'Green' level, signifying the highest level of certification in the program. These accomplishments demonstrate the company's continuous progress towards its sustainability goals of red ...

The Foundation has granted over $50 million to organizations since 2005, when the Casa program was established. In 2023, HFF provided over $5.4 million dollars (USD) to help over 206,000 children and communities across the globe with proper nutrition and nutrition education. The Casa program provides funding to 178 nonprofit organizations, including hospitals, orphanages, schools, and anti-hunger organizations, in over 61 countries. "On our 30th anniversary, we honor our founder Mark Hughes' vision of empow ...

Shares of Herbalife (HLF 2.07%) climbed as much as 7% early Wednesday, then settled to trade up around 1% as of 3:15 p.m. ET after the dietary-supplement specialist announced a restructuring initiative along with encouraging forward guidance.On Herbalife's new CFO, new guidance for 2024In a press release this morning, Herbalife announced it has appointed John DeSimone as its new CFO, replacing Alex Amezquita in the C-suite position. DeSimone previously served as CFO from 2010 to 2018 and has been with the c ...

Group 1 - Herbalife Ltd. announced the appointment of Michael Levitt to its Board of Directors, effective March 1, 2024, marking his return after previously serving as Lead Director from 2011 to 2014 [1][2] - Kevin Jones, who has been a director since 2021, will step down from his role on the Board [1] - Michael Johnson, Chairman and CEO of Herbalife, expressed confidence that Levitt's financial expertise and understanding of the business will strengthen the Board [1] Group 2 - Levitt is currently the Chairman of Irradiant Partners, LP, and has held various executive roles at investment firms including Kayne Anderson Capital Advisors, Apollo Global Management, Smith Barney, and Morgan Stanley [1] - Levitt expressed enthusiasm about returning to the Board during a transformational time for the company and looks forward to contributing to its future growth [2] - Herbalife has been providing nutrition products and business opportunities for independent distributors since 1980, operating in over 90 markets [3]

LOS ANGELES--(BUSINESS WIRE)--Herbalife Ltd. (NYSE: HLF) a premier health and wellness company, announced today that its Chairman and CEO, Michael Johnson, purchased 61,725 Herbalife shares in transactions that closed on Friday, February 16, 2024. The shares were acquired at an average price of $8.07 per share totaling nearly $500,000. “This personal investment in the company reflects my absolute confidence in Herbalife’s executive team, distributors, and the strength of our business model,” said Johnson ...

Core Points - Kamala Harris, while serving as Attorney General of California, ignored staff recommendations to investigate Herbalife for potential pyramid-scheme behavior, despite her husband working for a law firm representing the company [1][4] - A memo from Harris's staff highlighted the need for a formal investigation into Herbalife's practices, suggesting that the company was using tactics to maximize distributor numbers, which could lead to misleading representations about profits [2][1] - Bill Ackman, a prominent investor who has shorted Herbalife, criticized Harris's inaction, implying it was influenced by her husband's ties to the company [4][6] Investigation Recommendations - Harris's staff proposed interviewing former distributors, subpoenaing company documents, and deploying undercover investigators to assess Herbalife's operations [2] - The memo emphasized that conducting an investigation would demonstrate the office's commitment to monitoring and enforcing existing judgments against Herbalife [2] Investor Reactions - Bill Ackman celebrated a significant drop in Herbalife's stock price, which fell by 30% to a 14-year low following mixed fourth-quarter results [6] - Ackman has long alleged that Herbalife operates as a pyramid scheme, particularly exploiting low-income and minority communities [6][4] - Activists have previously called on Harris to protect vulnerable populations from Herbalife's alleged predatory practices [6]