Documents obtained by The Post indicate that Kamala Harris ignored calls from her staff to investigate Herbalife for pyramid-scheme behavior while serving as Attorney General of California — all while her husband, Douglas Emhoff, worked for the law firm representing Herbalife.According to the documents, Harris’s staff recommended she investigate the Los Angeles-based company, which sells dietary supplements and weight loss shakes through individual sellers in a multi-level marketing structure.In a March 201 ...

Herbalife to Launch Social Media Contest Giving Fans a Chance to Win Two Tickets to the Match LOS ANGELES, Feb. 16, 2024 /PRNewswire/ -- Today, Herbalife and the LA Galaxy introduced the club's new 2024 jersey – the Angeleno Kit – in advance of their 2024 Major League Soccer (MLS) season, which will kick-off on February 25th at Dignity Health Sports Park with a highly-awaited match against Inter Miami CF. Herbalife has sponsored the Galaxy's jersey for 17 consecutive seasons, the longest-running jersey spon ...

Herbalife (NYSE: HLF) stock price has imploded in a strong vindication for Bill Ackman, the billionaire who lost a billion dollars shorting it a few years ago. The stock plunged by more than 31% on Thursday as Ackman celebrated the downfall. It has crashed by more than 86% from its highest point in February 2021 and by 86% from its record high. From $10 billion to $797 million Copy link to sectionHerbalife has had a wild ride in the past few years. The stock surged to an all-time high of $61.78 in February ...

Shares of Herbalife (HLF -31.66%) plummeted 31.7% on Thursday after the dietary supplement specialist badly missed earnings expectations with its latest quarter.Herbalife serves up a steep earnings missHerbalife's fourth-quarter 2023 net sales grew 2.5% year over year (2.9% at constant currency) to $1.215 billion, while its adjusted (non-GAAP) earnings declined 47.2% over the same period to $0.28 per share. Analysts, on average, were expecting significantly higher earnings of $0.39 per share on revenue of $ ...

Shares of Herbalife Ltd. fell more than 30% on Thursday, leading activist investor Bill Ackman to revive his feud with the nutritional-supplements company. Ackman, who lost a yearslong $1 billion bet against Herbalife HLF, left a long post on X, formerly Twitter, about Herbalife on Thursday, renewing some of his previous accusations that the company was a “pyramid” scheme and saying it was a good day for his “psychological short” on the company. Herbalife... Master your money. Subscribe to MarketWatch. ...

Herbalife Ltd. (NYSE:HLF) Q4 2023 Earnings Conference Call February 14, 2024 5:30 PM ET Company Participants Erin Banyas - Vice President, Head of Investor Relations Michael O. Johnson - Chairman and Chief Executive Officer Stephan Gratziani - Chief Strategy Officer Alex Amezquita - Chief Financial Officer Conference Call Participants Chasen Bender - Citi Rob Rigby - Bank of America John Baumgartner - Mizuho Securities Linda Bolton Weiser - D.A. Davidson Jeff Van Sinderen - B. Riley Anna Lizzul - Bank of Am ...

Q4 2023 Earnings Presentation Q4 2023 EARNINGS PRESENTATION Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, includingany projections of earnings, revenue or other financial items; any statemen ...

LOS ANGELES--(BUSINESS WIRE)--Herbalife Ltd. (NYSE: HLF) today reported financial results for the fourth quarter and year ended December 31, 2023. “ We continue to modernize Herbalife with a sharp focus on top-line growth and margin expansion for 2024,” said Michael Johnson, Chairman and CEO. Highlights Fourth Quarter 2023 Achieved year-over-year net sales growth on both reported and constant currency basis1 Fourth consecutive quarter of improved year-over-year reported net sales trends Net sales o ...

Financial Performance - Net sales for the year ended December 31, 2023, were $5,062.4 million, a decrease of $142.0 million, or 2.7%, compared to 2022[299]. - Net income for the year ended December 31, 2023, was $142.2 million, a decrease of $179.1 million, or 55.7%, compared to 2022[300]. - The contribution margin for the Primary Reporting Segment was $1,937.8 million, or 40.9% of net sales, representing a decrease of $67.5 million, or 3.4%, compared to 2022[307]. - The Primary Reporting Segment reported net sales of $4,735.0 million for the year ended December 31, 2023, a decrease of $78.4 million, or 1.6%, compared to 2022[304]. - Total net sales for the year ended December 31, 2023, were $5,062.4 million, a decrease of $142.0 million, or 2.7%, compared to $5,204.4 million in 2022[328]. - Gross profit for the year ended December 31, 2023, was $3,871.4 million, with a gross profit margin of 76.5%, down from 77.4% in 2022[330]. Sales and Volume Analysis - The decrease in net sales was primarily driven by a 9.1% decrease in Volume Points and a 1.1% unfavorable impact from foreign currency exchange rates[299]. - The 1.6% decrease in net sales for the Primary Reporting Segment was primarily due to a 9.1% decrease in Volume Points and a 0.9% unfavorable impact from foreign currency exchange rates[304]. - North America net sales decreased by $130.8 million, or 10.4%, to $1,131.4 million for the year ended December 31, 2023, primarily due to an 18.8% decrease in Volume Points[311]. - EMEA region net sales decreased by $9.7 million, or 0.9%, to $1,068.8 million for the year ended December 31, 2023, with a 9.6% decrease in Volume Points[317]. - China net sales decreased by $63.6 million, or 16.3%, to $327.4 million for the year ended December 31, 2023, attributed to a 9.1% decrease in Volume Points[324]. Expense and Cost Management - The company experienced a 36.9% increase in selling, general, and administrative expenses for the year ended December 31, 2023, compared to 2022[292]. - Selling, general, and administrative expenses increased to $1,866.0 million, or 36.9% of net sales, up from 34.8% in 2022, driven by higher labor costs and professional fees[337][338]. - The company is examining its cost structure and assessing potential pricing actions in response to ongoing inflationary pressures[298]. - The company reported a $54.2 million pre-tax unfavorable impact from Transformation Program expenses, primarily related to employee retention and separation costs[301]. Regional Sales Performance - Latin America net sales increased by $35.1 million, or 4.5%, to $820.9 million for the year ended December 31, 2023, driven by a 10.2% favorable impact of price increases[314]. - Asia Pacific region net sales increased by $27.0 million, or 1.6%, to $1,713.9 million for the year ended December 31, 2023, primarily due to an 8.0% favorable impact of price increases[320]. Product Category Performance - Weight Management product category net sales decreased by $102.5 million, or 3.5%, to $2,851.7 million for the year ended December 31, 2023[328]. - Energy, Sports, and Fitness product category net sales increased by $9.7 million, or 1.8%, to $560.3 million for the year ended December 31, 2023[328]. - Literature, Promotional, and Other category net sales decreased by $13.2 million, or 13.1%, to $87.9 million for the year ended December 31, 2023[328]. Cash Flow and Capital Expenditures - Operating cash flow for 2023 was $357.5 million, slightly up from $352.5 million in 2022, attributed to favorable changes in operating assets and liabilities[348]. - Capital expenditures for 2023 were $140.1 million, with expectations of $145 million to $195 million for 2024, primarily for the Digital Technology Program[349]. Debt and Financing - The company has $575.2 million in cash and cash equivalents as of December 31, 2023, supporting general corporate purposes and potential share repurchases[346]. - The 2018 Credit Facility includes a $1.25 billion senior secured credit facility, with various amendments reducing interest rates and extending maturities[352][354]. - As of December 31, 2023, the outstanding amount under the 2018 Credit Facility was $886.7 million, with $236.1 million under Term Loan A and $650.6 million under Term Loan B[360]. - The weighted-average interest rate for borrowings under the 2018 Credit Facility increased to 7.62% as of December 31, 2023, compared to 4.08% in 2022[360]. - A mandatory prepayment of $66.1 million towards the 2018 Term Loan B is expected in Q1 2024 based on the excess cash flow calculation[359]. Shareholder Returns and Dividends - The company has not declared or paid cash dividends since 2014, with future declarations subject to various factors including financial condition and debt restrictions[374]. - The company authorized a three-year $1.5 billion share repurchase program, with approximately $985.5 million remaining as of February 9, 2021[375]. - In 2022, the company repurchased approximately 3.7 million common shares at an aggregate cost of approximately $131.8 million, averaging $35.73 per share[376]. Inventory and Goodwill - The company adjusted obsolete and slow-moving inventories downward by $24.2 million and $31.5 million as of December 31, 2023 and 2022, respectively[387]. - Goodwill increased to approximately $95.4 million as of December 31, 2023, primarily due to foreign currency translation adjustments[391]. - The company had marketing-related intangible assets of approximately $310.0 million as of December 31, 2023, with no impairment recorded during the years ended December 31, 2023 and 2022[391].

LOS ANGELES--(BUSINESS WIRE)--Herbalife, a premier health and wellness company and community, announced today the launch of the Herbalife® GLP-1 Nutrition Companion, a new range of food and supplement product combos fueled by the #1 Protein Shake in the World* and intended to support the nutritional needs of individuals on GLP-1 and other weight-loss medications. Herbalife’s Classic and Vegan options are now available in the United States and Puerto Rico in a variety of flavors. Recent research has shown t ...