Herbalife Stock Price, News & Analysis

Herbalife Family Foundation (HFF) has awarded $5 million in grants to 164 nonprofit organizations across 59 countries and territories through its Casa Herbalife Program. The funding, supported by Herbalife's independent distributors and employees, aims to provide nutritious meals, educational resources, and safe spaces for approximately 200,000 children worldwide. The Casa Herbalife Program, established in 1998 by Herbalife Founder Mark Hughes, partners with orphanages, schools, hospitals, and community centers to address food insecurity and childhood development. This grant announcement marks HFF's 30th anniversary of community empowerment.

Herbalife, LA Galaxy, and the Garden School Foundation hosted their third annual Thanksgiving Cookoff at Dignity Health Sports Park for over 50 students from local elementary schools. The event included a soccer clinic, garden tour, and cooking session led by Chef Matthew Lindblom. Students prepared a three-course Thanksgiving meal with LA Galaxy players. The event was funded through the Joint Community Partnership Fund, a collaboration between Herbalife and LA Galaxy that has contributed over $2.5 million to community programs, with an additional $1.25 million added in 2022. The Garden School Foundation serves more than 3,200 students across ten Title I elementary schools.

Herbalife (NYSE: HLF) reported Q3 2024 financial results with net sales of $1.2 billion, down 3.2% year-over-year, including 290 basis points of FX headwinds. The company posted net income of $47.4 million and adjusted EBITDA of $166.5 million, exceeding guidance. Gross profit margin improved to 78.3% from 76.3% in Q3 2023. The company raised its full-year adjusted EBITDA guidance to $590-620 million and narrowed its net sales guidance to -2.0% to -1.0% year-over-year. New distributor recruitment increased 14% worldwide, marking the second consecutive quarter of growth.

Herbalife, a premier health and wellness company, has set a new GUINNESS WORLD RECORDS title for the largest high-intensity interval training class (multiple venues). The global event, broadcast live from Las Vegas on September 21, 2024, united more than 4,900 Herbalife independent distributors and fitness enthusiasts worldwide.

The Worldwide Workout attracted over 11,000 participants from countries including France, Romania, and China, who joined virtually via Herbalife's YouTube livestream. In-person events were hosted at various locations globally, including Galaxy Park in the United States, the Mexico Olympic Committee facility, and the Mumbai Convention Center in India.

The event also served as a global fundraiser, with Herbalife committing to donate up to $40,000 for the Herbalife Family Foundation's Casa Herbalife Program. Many participants prepared and recovered from the workout using Herbalife24® products, including CR7 Drive and Rebuild Strength.

Herbalife (NYSE: HLF), a premier health and wellness company, has announced it will release its third quarter 2024 financial results after the NYSE closes on Wednesday, October 30, 2024. The company's senior management team will host a live audio webcast and conference call at 5:30 p.m. ET (2:30 p.m. PT) on the same day to discuss the results.

Interested parties can access the webcast via a provided link, while those joining the conference call can obtain dial-in information and a personal PIN through a registration link. The earnings release, supplemental materials, and webcast will be available on Herbalife's Investor Relations website. A replay of the webcast will be accessible on the same website for 12 months following the event.

Herbalife, a premier health and wellness company, served as the Official Nutrition Partner for the 31st Annual Ketchum-Downtown YMCA Stair Climb and Urban Hike in Los Angeles. The event attracted over 3,000 participants, including Herbalife team members, who climbed 75 flights to the top of the U.S. Bank Tower and hiked through iconic landmarks. Herbalife provided science-backed products for refueling, marking their 11th consecutive year of participation.

The event is one of Downtown LA's largest fundraisers, with all proceeds benefiting youth and teen community programs. Herbalife's involvement aligns with their mission to promote health and well-being. Through the Herbalife Family Foundation (HFF), the company has awarded over $50 million to community organizations globally since 2005, supporting over 175 nonprofits across more than 60 countries.

Herbalife (NYSE: HLF), a leading health and wellness company, has announced its participation in the Barclays Global Consumer Staples Conference. The event will feature a fireside chat with John DeSimone, Herbalife's Chief Financial Officer, scheduled for Tuesday, September 3, 2024, at 12:00 p.m. ET (9:00 a.m. PT).

Investors and interested parties can access a live webcast of the fireside chat through the Investor Relations section of Herbalife's website. The company will also provide a replay of the webcast on the same platform, which will be available for six months following the event.

Herbalife, a leading health and wellness company, will participate in the 2024 AOAC INTERNATIONAL Annual Meeting & Exposition in Baltimore from August 23-28. The company will showcase innovative methods for ensuring ingredient identification and product quality. Herbalife's participation highlights its commitment to public safety and innovation in the dietary supplements industry.

Dr. Adam Faller will present on using quantitative genomic analysis for process control in vegan dietary supplements. Additionally, Herbalife will present seven scientific posters addressing challenges in dietary supplement safety, efficacy, and quality. These posters cover topics such as micronutrient testing in chewables, omega-3 fatty acid determination, synthetic dye detection, and mineral measurement in protein powders.

Herbalife (NYSE: HLF) reported Q2 2024 financial results, with net sales of $1.3 billion, down 2.5% year-over-year due to FX headwinds. However, the company achieved 0.2% growth on a constant currency basis. Highlights include:

- Adjusted EBITDA of $180.0 million, exceeding guidance
- Adjusted diluted EPS of $0.54
- Net income of $4.7 million; adjusted net income of $54.8 million
- Gross profit margin improved to 77.9%
- New distributor recruitment increased 12% year-over-year

The company raised its full-year 2024 adjusted EBITDA guidance while reducing net sales guidance. Herbalife also completed a $1.6 billion debt refinancing and sold its Torrance office building for approximately $38 million.