Herbalife Stock Price, News & Analysis

Innovative Partnerships Group (IPG) has launched a new division, IPG Health, aimed at enhancing corporate partnerships in the healthcare and life sciences sectors. This division will be led by Eric Marton, a seasoned expert with over 25 years in healthcare and venture capital. Marton will drive growth and expand IPG's technology portfolio, working with clients including Bayer (BAYRY), eHealth (EHTH), and Herbalife (HLF). IPG Health focuses on creating innovative financing solutions and transforming vendor relationships into sustainable partnerships.

Herbalife Nutrition has launched a new product, Herbalife24 Liftoff, designed for athletes. This convenient stick pack allows users to mix the effervescent powder for an instant energy boost. The product is NSF Certified for Sport, ensuring it meets high safety standards. Featuring ginseng, caffeine, and essential vitamins, it contains no sugar or artificial ingredients, and is sold for $69.30 per box of 30 packs. Available exclusively through independent distributors, this launch illustrates Herbalife's commitment to sports nutrition.

Herbalife Nutrition will host a virtual investor day on September 14, 2021, at 8 a.m. PT. This two-hour event will include presentations on the company's growth strategy and financial performance, followed by a Q&A session with executives. Key topics will include Digital Transformation, Product Innovation, and Brand Strategy. Current and prospective investors are invited to register and participate in discussions about the company’s long-term growth and distribution channel insights, with materials available post-event on Herbalife's investor relations website.

Herbalife Nutrition Ltd. (NYSE: HLF) reported a strong second quarter of 2021, with net sales of $1.6 billion, reflecting a 15% increase year-over-year. This marks the highest quarterly net sales in the company's history. Diluted EPS reached $1.31, up 60% from the prior year. Adjusted EBITDA hit a record $262.1 million, the largest in company history. Five out of six geographic regions reported growth, with significant contributions from Asia Pacific (up 38%) and Energy, Sports, and Fitness products (up 45%). The company also updated its full-year guidance for net sales and EPS, showcasing ongoing growth.

The Board of Directors of Herbalife Nutrition has appointed Alan W. LeFevre as lead independent director, while Don Mulligan will take on the role of audit committee chair. Maria Otero, who served as interim lead independent director, will continue to chair the compensation committee. CEO John Agwunobi expressed appreciation for Otero's dual role and highlighted the extensive experience LeFevre and Mulligan bring in finance and consumer products to support the company's future growth.

Herbalife Nutrition sponsored athlete Ziaire Williams was selected as the 10th overall pick in the 2021 NBA Draft, joining the Memphis Grizzlies. Williams trained for three years at the Herbalife Nutrition IMPACT Basketball Center, which is renowned for developing athletes. He emphasized the significance of nutrition in enhancing his performance. The facility has trained over 200 players and focuses on both skill and nutrition education. Herbalife Nutrition offers NSF Certified for Sport® products to support athletes' recovery and growth.

Herbalife Nutrition and Proactive Sports Performance have launched a new elite training facility, "Proactive Fueled by Herbalife Nutrition," in Westlake Village, California, with an investment of $8 million. Spanning 17,000 square feet, the center offers advanced training and rehabilitation services to professional and amateur athletes across various sports. Key features include an altitude chamber, advanced body composition analysis, and a performance lab. This facility aims to enhance athletic performance through personalized nutrition and conditioning, benefiting both athletes and Herbalife's independent distributors.

Herbalife Nutrition Ltd. will release its second quarter 2021 financial results on August 3, 2021, after the NYSE close. An investor conference call is scheduled for the same day at 5:30 p.m. ET, where the management team will discuss the financial results and current business trends. The dial-in numbers are (833) 962-1459 for domestic and (956) 394-3596 for international callers. The call will also be webcast live on the company's investor relations website.

Herbalife Nutrition has launched Herbalife SKIN LycoGlow, a new skincare supplement aimed at enhancing skin's texture and glow. This once-daily softgel contains a proprietary Lycored Nutrient Complex derived from tomato extract and rosemary, offering the antioxidant benefits of approximately four servings of tomatoes. The product is designed to nourish both the face and body, supporting skin health and radiance over time. As the demand for plant-based skincare rises, Herbalife expands its offerings to include this nutritious supplement.