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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Herbalife Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Herbalife Ltd.'s position in the market.
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.
