Bill Ackman’s Pershing Square Capital Management has re-entered the ranks of the world’s 20 best performing hedge funds following a bumper year for the New York money manager after it previously dropped off the list in 2015. The New York fund, which has $17.9 billion in assets under management (AUM), generated net gains worth $3.5 billion in 2023, bringing its overall gains since its inception in 2004 up to $18.8 billion, research by LCH Investments shows.   Pershing Square’s huge gains saw it supplant Loui ...

LOS ANGELES--(BUSINESS WIRE)--Herbalife, a premier health and wellness company, today announced it was presented with two Brandon Hall Group Gold Excellence in Technology Awards™ for its HN Grow mobile learning application. This application equips Herbalife’s independent distributors with interactive educational materials and tools to further help them build their businesses as trusted wellness coaches. The Company received the gold recognition in two categories - Best Advance in Learning Management Tech ...

Financial Data and Key Metrics Changes - Net sales for Q3 2023 were $1.3 billion, down 1.1% year-over-year, marking the third consecutive quarter of improved year-over-year net sales trends [5][26][30] - Gross profit margin was 76.3%, benefiting from pricing actions but negatively impacted by input cost inflation and unfavorable sales mix [26][27] - Adjusted EBITDA was $163 million with a margin of 12.7%, reflecting a decline due to unfavorable input costs and sales mix [27][31] - Adjusted diluted EPS was $0.65, impacted by a $0.07 true-up for an upward revision of the full-year 2023 tax rate [27][31] Business Line Data and Key Metrics Changes - The company is focusing on the B2C segment, developing tools and platforms to support distributors in managing their customers more effectively [8][20] - New product launches, including a vegan product line and beverage enhancers, have been well received, contributing to sales momentum [10][12][11] Market Data and Key Metrics Changes - EMEA reported a 5% year-over-year increase in net sales, marking the third consecutive quarter of growth [38] - Latin America, particularly Mexico, saw reported net sales up 20% year-over-year, driven by favorable FX and price increases [39] - North America experienced a 13% decline in reported net sales, with ongoing efforts to drive recruitment and engagement [40] Company Strategy and Development Direction - The company is undergoing a transformation process, focusing on modernizing its brand and enhancing distributor engagement through events and community-building activities [5][9] - The launch of the new herbalife.com website is part of the Herbalife One initiative, aimed at improving the customer experience and supporting distributor sales [13][24] - The company is closely monitoring the GLP-1 trend and exploring opportunities to assist customers considering or using these medications [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to growth in Q4 2023, supported by positive internal indicators and ongoing strategic initiatives [18][30] - The leadership team emphasized the importance of engaging distributors and customers in healthy active lifestyle activities to drive sales [20][76] Other Important Information - The company has made key leadership changes to strengthen its management team, including the appointment of a new Chief Strategy Officer [7][17] - The company is actively working to address importation delays in Mexico that may impact future inventory supply [39] Q&A Session Summary Question: Volume points and active sales leader trends - Management noted that improvements in average active sales leaders are driven by regional activities and engagement strategies [44][46] Question: Anticipation of gross margin improvement - Management indicated that gross margin improvement is expected as volumes increase and input cost inflation moderates [48][50] Question: Focus on B2C aspects of the business - Management confirmed that while they track various metrics internally, specific percentages of direct consumer sales are not disclosed [53][54] Question: Impact of major events on sales - Management highlighted that distributor events are crucial for motivation and community building, leading to increased sales and distributor engagement [66][68] Question: Underperformance in the US market - Management attributed the US market's underperformance to slower recovery post-pandemic but remains optimistic about future growth [74][75] Question: Update on China market - Management acknowledged the challenges in China but noted sequential improvements in sales, indicating a potential inflection point [77]

Q3 2023 Earnings Presentation Q3 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-32381 HERBALIFE LTD. (Exact name of registrant as specified in its charter) Cayman Islands 98-0377871 (State or other jurisdi ...

Q2 2023 Earnings Presentation Q2 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 ...

Herbalife Ltd (NYSE:HLF) Q2 2023 Earnings Conference Call August 2, 2023 5:30 PM ET Company Participants Erin Banyas - Head, IR Michael Johnson - Chairman & CEO Alexander Amezquita - CFO Conference Call Participants Chasen Bender - Citigroup Jeff Van Sinderen - B. Riley Securities John Baumgartner - Mizuho Securities Jon Keypour - Bank of America Merrill Lynch Hale Holden - Barclays Bank Karru Martinson - Jefferies William Reuter - Bank of America Merrill Lynch Operator Good afternoon, and thank you for joi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-32381 HERBALIFE LTD. (Exact name of registrant as specified in its charter) Cayman Islands 98-0377871 (State or other jurisdiction ...

Herbalife Ltd. (NYSE:HLF) Q1 2023 Earnings Conference Call May 2, 2023 5:30 PM ET Company Participants Erin Banyas - Vice President & Head, Investor Relations Michael Johnson - Chairman & Chief Executive Officer Alex Amezquita - Chief Financial Officer Mark Schissel - Chief Operating Officer Conference Call Participants Chasen Bender - Citi Jeff Van Sinderen - B. Riley William Reuter - Bank of America Hale Holden - Barclays Karru Martinson - Jefferies Operator Good afternoon, and thank you for joining the f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-32381 HERBALIFE LTD. (Exact name of registrant as specified in its charter) Cayman Islands 98-0377871 (State or other jurisdictio ...