Herbalife Stock Price, News & Analysis

Herbalife Nutrition, in collaboration with LA Galaxy and the U.S. Soccer Foundation, inaugurated two new mini-pitch soccer fields at DeForest Park in Long Beach. This project aims to provide a safe play area for children, emphasizing healthy lifestyles and community engagement. Funded through the Joint Community Partnership Fund, the new pitches will support soccer clinics and have already seen contributions of over $2.5 million from Herbalife and LA Galaxy since 2012. Future initiatives include promoting nutrition education and further community developments with a commitment of an additional $1.25 million towards these goals.

On February 17, 2023, Herbalife Nutrition partnered with LA Galaxy and the U.S. Soccer Foundation to unveil two new mini-pitch fields at DeForest Park in Long Beach. Funded by the Joint Community Partnership Fund, these pitches aim to provide kids with a safe environment for sports activities. The mini-pitches feature modern surfaces, futsal goals, and are designed to rejuvenate underutilized areas. Herbalife has committed $1.25 million to promote soccer and healthy lifestyles in underserved communities. This initiative forms part of the broader U.S. Soccer Foundation goal to install 1,000 mini-pitches by 2026.

Herbalife Nutrition Ltd. (NYSE: HLF) reported a 10.3% decline in full-year 2022 net sales at $5.2 billion compared to 2021, with a diluted EPS of $3.23. For Q4 2022, net sales were $1.2 billion, down 10.4% year-over-year, and diluted EPS was $0.55. The company has introduced a Transformation Program aimed at achieving annual savings of at least $70 million. Despite these challenges, management is focused on engaging distributors, having hosted 170 in-person events in 2023. The company is not providing FY 2023 guidance due to market volatility, but plans to use free cash flow to reduce debt.

Herbalife Nutrition (NYSE: HLF) announced participation in several global scientific and wellness conferences in Q1 2023. Experts from the company, including over 300 scientists, will discuss various topics, including product innovation, sustainable packaging, and obesity management. Key events include the Boao Food for Health Forum and Expo in China, and the Winter Sports Nutrition Research Center Symposium in Beijing. Notably, the company aims to improve access to better nutrition and promote healthy lifestyles according to Gary Swanson, senior vice president. Herbalife has committed to achieving 50 million positive impacts by 2030.

Herbalife Nutrition announced the launch of its first Casa in Mongolia on February 1, 2023, contributing $15,000 to the Veloo Foundation's 'Children of the Peak' Kindergarten. The donation aims to enhance kitchen facilities and provide nutritious meals for children in a low-standard living area. Denzen G., a representative in Mongolia, emphasized the importance of social responsibility. The Veloo Foundation's Executive Director, Dorjpalam N., expressed gratitude for the assistance in meeting vital needs in the community. The program signifies Herbalife's commitment to improving children's lives globally.

Herbalife Nutrition is actively addressing food insecurity in Central and South America, where over 83 million people face extreme poverty and hunger. The company's Nutrition for Zero Hunger initiative, launched in 2019, aims to combat hunger through local food drives and community support. In 2020, employees donated 216 food boxes, while in 2021, donations surged to 911 boxes, representing 10,648 kilograms of food. Initiatives in Brazil contributed 2,443 kilograms to local organizations. Herbalife plans to increase contributions by 20% in its 2022 food drive. The commitment is part of a broader effort to enhance nutrition access and aid vulnerable communities.

Herbalife Nutrition Ltd. (NYSE: HLF) plans to release its Q4 and full-year 2022 financial results on February 14, 2023, after NYSE trading closes. A conference call will occur at 5:30 p.m. ET to discuss these results and current business trends. Investors must register for the call via a provided link, and a live webcast will be accessible concurrently. A replay will be available on the company’s investor relations site afterward. Herbalife has been operational since 1980, offering nutrition products globally and aims to achieve 50 million positive impacts by 2030.