Herbalife Ltd. reports developments in global health and wellness products sold through independent distributors, including weight-management, targeted nutrition, energy, sports and fitness, and outer-nutrition categories. News commonly covers financial results, distributor-focused growth initiatives, product and nutrition campaigns, and personalized nutrition technology such as Pro2col.
Company updates also address capital-structure actions, including senior secured notes and credit facilities, along with governance, shareholder matters, and legal or regulatory topics tied to its products and network marketing program.
Herbalife Nutrition (NYSE: HLF) announced that its innovation and manufacturing facilities in Winston-Salem, North Carolina, and Lake Forest, California, have achieved the ISO 45001 Occupational Health and Safety Standard from NSF-ISR. This certification underscores the company's commitment to employee health and safety. It marks the third certification from NSF for both locations, which adhere to U.S. Good Manufacturing Practices. The Winston-Salem facility, spanning 800,000 square feet, produces approximately 400,000 units daily with over 750 employees.
Herbalife Nutrition (NYSE: HLF) has launched the Protein Baked Goods Mix, marking its entry into the baked goods category. This mix can be combined with Formula 1 Healthy Meal Nutritional Shake Mix to create high-protein options like muffins, waffles, donuts, and pancakes, catering to the evolving consumer trends of consuming breakfast items at non-traditional times.
Each serving contains 24 grams of protein, 21 vitamins and minerals, and 5 grams of fiber, with no artificial sweeteners. The product aims to support healthy lifestyle goals and increase protein intake conveniently.
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.