Herbalife Stock Price, News & Analysis

Herbalife Nutrition has announced plans to consolidate its corporate headquarters and North American operations into a single campus in Los Angeles. This strategic move aims to foster collaboration by bringing together its workforce, enhancing company culture. The company will vacate its downtown office at LA Live and relocate employees to an owned office building nearby. Upgrades to the new campus are already underway, with completion expected by the end of 2023. This development will also serve as a meeting point for local distributors and global leadership.

Herbalife Nutrition has announced a $25,000 grant to Village Book Builders to enhance educational resources for children in Mexico and Ghana. This initiative aims to provide mentorship, books, and computers, fostering a love for learning through activities like reading clubs. Employees will volunteer as mentors. The partnership aligns with Herbalife's goal to create 50 million positive impacts by 2030, underscoring its commitment to global responsibility and economic empowerment.

The Herbalife Nutrition Foundation has launched a two-year partnership with The Power of Nutrition and the World Bank, initiating a $300,000 grant focused on reducing stunting in Rwanda. This program aims to improve nutrition for over one million women and children in the region, addressing the alarming stunting rate of 33% in children under five. Funding will support essential nutrition services and cash transfers for better diets. The partnership aligns with the United Nations Sustainable Development Goal to achieve zero hunger globally.

Herbalife Nutrition (NYSE: HLF) announced that its executives will present at three financial conferences in June 2022. Key speakers include John Agwunobi, Alex Amezquita, and Eric Monroe. They will engage in discussions on opportunities in weight management, sports nutrition, and growth strategies. The events are: the Bernstein’s 38th Annual Strategic Decisions Conference on June 2 in New York, dbAccess Global Consumer Conference on June 16 in Paris, and the Jefferies Consumer Conference on June 22 in Nantucket. Investors can access presentation materials online.

Herbalife Nutrition Ltd. (NYSE: HLF) reported Q1 2022 financial results, showing net sales of $1.3 billion, an 11% decline from Q1 2021. Reported diluted EPS was $0.96, down from $1.33 a year earlier. Despite a 7% drop in volume points, the company expects a turnaround in net sales by Q4 2022, aided by in-person sales events and new initiatives. Adjusted EBITDA reached $185.6 million, just above guidance. Full-year sales guidance has been lowered to a range of down 10% to down 4%. The company is implementing pricing and cost measures in response to inflationary pressures.

Herbalife Nutrition has achieved the North Carolina Department of Labor Silver Award for the 6th year and its first Gold Award, recognizing its commitment to safety at its Winston-Salem facility. This facility, which opened in 2014, spans 800,000 square feet and produces around 400,000 units daily. Additionally, Herbalife holds ISO certifications for health and safety standards, further demonstrating its dedication to employee welfare. The company operates five manufacturing facilities globally and emphasizes quality control through its accredited laboratories.

Herbalife Nutrition (NYSE: HLF) has nominated Celine Del Genes to its Board of Directors ahead of the Annual General Meeting. Del Genes, currently the Global General Manager at adidas AG, brings over 20 years of marketing and business leadership experience. CEO John Agwunobi believes her expertise will significantly enhance the Board's capabilities and drive future growth for the company. With this nomination, Herbalife's Board will consist of 11 directors, emphasizing diversity. Del Genes is expected to leverage her experience to create greater shareholder value.