Herbalife(HLF)
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Herbalife(HLF) - 2024 Q1 - Quarterly Results
2024-05-01 20:38
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 ...
Herbalife(HLF) - 2024 Q1 - Quarterly Report
2024-05-01 20:36
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 ...
Two Herbalife Laboratories Earn My Green Lab Certification Bringing the Total Labs Certified to Six
Prnewswire· 2024-04-22 13:00
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 ...
Herbalife Family Foundation Celebrates 30 Years of Giving Back to Children and Families Around the World, Donating More than $50 Million Since 2005
Prnewswire· 2024-04-05 16:00
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 ...
Why Herbalife Stock Popped Today
The Motley Fool· 2024-03-20 19:52
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 ...
Herbalife Welcomes Back Michael Levitt to Board of Directors
Businesswire· 2024-03-07 12:05
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]
Chairman and CEO, Michael Johnson, Purchased Nearly $500,000 Worth of Herbalife Shares
Businesswire· 2024-02-20 12:05
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 ...
Kamala Harris disregarded staff recommendation to investigate Herbalife — while husband Doug Emhoff's firm repped the company
New York Post· 2024-02-17 12:00
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]
HERBALIFE AND LA GALAXY UNVEIL 2024 JERSEY AHEAD OF OPENING SEASON MATCH AGAINST INTER MIAMI CF AT DIGNITY HEALTH SPORTS PARK
Prnewswire· 2024-02-16 18:30
Herbalife to Launch Social Media Contest Giving Fans a Chance to Win Two Tickets to the Match LOS ANGELES, Feb. 16, 2024 /PRNewswire/ -- Today, Herbalife and the LA Galaxy introduced the club's new 2024 jersey – the Angeleno Kit – in advance of their 2024 Major League Soccer (MLS) season, which will kick-off on February 25th at Dignity Health Sports Park with a highly-awaited match against Inter Miami CF. Herbalife has sponsored the Galaxy's jersey for 17 consecutive seasons, the longest-running jersey spon ...
Herbalife (HLF) stock: Technicals point to a 62% dive
Invezz· 2024-02-16 13:45
Core Insights - Herbalife's stock price has significantly declined, dropping over 31% in one day and more than 86% from its peak in February 2021, marking a vindication for Bill Ackman, who previously shorted the stock [1][2] Financial Performance - Herbalife's annual revenue decreased from over $5.54 billion in 2020 to $5.06 billion in the trailing twelve months [2] - The company's net profit fluctuated, rising from $372 million in 2020 to over $447 million in 2021, then falling to $312 million and $142 million in the subsequent two years [2] Debt and Valuation - Herbalife's short-term debt has increased to over $309 million, while long-term debt stands at over $2.2 billion, although it has $575 million in cash to cover debt servicing [4] - The company is currently trading at 4.24 times forward earnings, significantly lower than the sector median of 17.62, and its forward EV to EBITDA is 5.28, compared to the sector median of 11.2 [4] Stock Outlook - The stock has formed a near double-top pattern between 2019 and 2021, with bearish signals indicated by moving averages [6] - The next critical price level to watch is $2.99, which is approximately 62% below the current level, potentially moving the stock into penny stock territory [6]