Welcome to our dedicated page for Herbalife news (Ticker: HLF), a resource for investors and traders seeking the latest updates and insights on Herbalife stock.
Herbalife Ltd. (NYSE: HLF) is a premier health and wellness company, community and platform that regularly issues news on its nutrition products, distributor network, financial performance and global initiatives. This news page aggregates company press releases and market updates so readers can follow how Herbalife’s business and brand evolve over time.
Herbalife’s news flow frequently covers quarterly and full-year financial results, including net sales trends, adjusted EBITDA, regional performance across North America, Latin America, EMEA, Asia Pacific and China, and commentary from senior management. These updates often discuss factors such as foreign exchange impacts, tariffs, and the company’s transformation and digital strategies.
Product and innovation announcements are another major focus. Recent communications have highlighted launches such as the MultiBurn™ weight-loss supplement, the HL/Skin skincare line supported by clinical studies and an AI-powered assessment tool, and the development of the Pro2col™ health and wellness digital platform. News items also describe Herbalife’s Seed to Feed quality management system and investments in research and development, including new laboratories and analytical capabilities.
Herbalife also issues news about distributor engagement and events, such as Extravaganza training events, the Diamond Development Mastermind Program, and other recognition and training initiatives. In addition, the company shares updates on community and social impact programs, including the Casa Herbalife Program and activities of the Herbalife Family Foundation, as well as external recognitions like inclusion on Forbes’ America’s Best Brands for Value list.
Investors, distributors, customers and researchers can use this page to review a chronological record of Herbalife news, from earnings announcements and conference participation to product launches and awards, in one place.
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.
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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.
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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.
Herbalife Nutrition Ltd. has announced that Michael O. Johnson will no longer hold the "interim" title for Chairman and CEO, accepting a salary of one dollar alongside an equity-based long-term incentive plan. This move aims to align his interests with the investors' as the company ventures into digital transformation and growth. Johnson previously led the company from 2003 to 2017, significantly increasing sales and global operations. The management expresses confidence in his leadership to navigate future challenges and enhance the company’s global impact.
Herbalife Nutrition (NYSE: HLF) is highlighting global hunger issues, with 828 million people affected daily, through its Nutrition for Zero Hunger initiative. Partnering with the Global FoodBanking Network, they encourage donations and volunteer efforts to combat food waste and hunger, especially during the holidays. The initiative aligns with the UN Sustainable Development Goal to end malnutrition by 2030. Herbalife aims for 50 million positive impacts by its 50th anniversary in 2030, emphasizing their commitment to nutrition education and access globally.