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.
Herbalife Nutrition (NYSE: HLF) has joined the United Nations Global Compact, underscoring its commitment to the Sustainable Development Goals (SDGs). This initiative demonstrates Herbalife's dedication to societal improvement and corporate sustainability. The company's CEO, John Agwunobi, emphasized the integration of the Compact's principles into business practices. As part of its corporate responsibility, Herbalife has previously invested over $2 million in its Nutrition for Zero Hunger initiative, collaborating with various organizations to combat hunger globally.
Herbalife Nutrition Ltd. announced a share repurchase agreement on January 3, 2021, to buy back approximately $600 million of its common shares at $48.05 each from Icahn Enterprises. This transaction, set to close by January 7, will reduce Icahn's stake to about 6% of outstanding shares. Herbalife has now repurchased approximately $1.5 billion in shares since initiating the program in 2018. CEO John Agwunobi emphasized the buyback as a sign of the company’s strength and growth prospects, while Carl Icahn noted his belief in the company’s long-term strategy and products.
Herbalife Nutrition congratulates its sponsored athletes Zeke Nnaji and Tyler Bey, who were drafted in the 2020 NBA Draft after training at the Herbalife Nutrition IMPACT Center. Nnaji was selected 22nd overall by the Denver Nuggets, while Bey was picked 36th by the Dallas Mavericks. The IMPACT Center focuses on combining personalized nutrition with intensive training to enhance athlete performance. Herbalife Nutrition supports over 150 sports events and athletes globally, emphasizing the core role of nutrition in sports development.
Herbalife Nutrition's Board of Directors has decided to halt the distribution of warrants following shareholder feedback. The company remains dedicated to exploring avenues to enhance shareholder value. Herbalife, a leading global nutrition firm, has been active since 1980, offering science-backed products in over 90 countries through a network of independent distributors. The company emphasizes its commitment to nutrition and education, while also reminding stakeholders of ongoing risks and uncertainties, including those stemming from the COVID-19 pandemic.
Herbalife Nutrition reported record net sales of $1.5 billion for Q3 2020, a 22.3% increase from Q3 2019. This marks the largest quarterly result in the company's history. Volume points also hit a record of 1.9 billion, growing 23.2% year-over-year. The company reported diluted EPS of $1.04 and adjusted diluted EPS of $1.15. Looking ahead, Herbalife provided Q4 and FY 2020 net sales guidance between 10.0% - 20.0% and 12.2% - 14.7%, respectively. A warrant distribution for common shareholders is scheduled for December 14, 2020.
Herbalife Nutrition has launched Enrichual, a new line of topical skincare products featuring hemp-cannabinoids, including Hemp Relief Balm and Hemp Facial Serum. This introduction marks the company's entry into the burgeoning hemp-cannabinoid market, projected to reach $12.4 billion in U.S. sales by 2023. The products are designed for skin rejuvenation and are free from parabens and sulfates, with dermatologist-tested formulations. Hemp Relief Balm contains 1000 mg of cannabinoids, while the Facial Serum includes 250 mg per bottle. Both products comply with THC regulations, ensuring consumer safety.
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Herbalife Nutrition (NYSE: HLF) has signed a multi-year sponsorship deal with NBA player J.J. Barea, positioning itself as his official sports nutrition partner through September 2022. The agreement will see Herbalife provide Barea with its Herbalife24® line of NSF Certified for Sport® products to enhance his performance. Barea, a pioneer in Puerto Rican basketball, expressed pride in partnering with Herbalife to maintain his healthy lifestyle. The sponsorship also includes educational appearances on sports nutrition in Puerto Rico, further enhancing Herbalife's brand visibility.
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Herbalife Nutrition Ltd. (NYSE:HLF) will announce its third quarter 2020 financial results after the market closes on November 5, 2020. A conference call with the senior management team is scheduled for the same day at 5:30 p.m. ET to discuss the results and current business trends. For domestic callers, the dial-in number is (833) 962-1459, while international callers should use (956) 394-3596. The call will also be available via webcast on the company's investor relations website.