Tupperware Brands Corporation reported sales for the first quarter ended March 28, 2020, were $375.9 million, down 23 percent versus last year. “We continue to take swift actions to strengthen our business and navigate the uncertainties of COVID-19, including accelerating our planned cost savings from $50 million to $75 million in 2020,” said Miguel Fernandez, president and chief executive officer […]
Herbalife Nutrition Ltd. (NYSE: HLF) recently reported Q3 2018 net sales of $1.2 billion, an increase of 15 percent compared to Q3 2017. All regional net sales increased during the quarter, with the exception of South and Central America, Regionally, net sales were: Asia Pacific net sales were $274.3 million, an increase of 18.8 percent North […]
Los Angeles-based Herbalife Nutrition announced a design competition in collaboration with the prestigious Fashion Institute of Design & Merchandising (FIDM). Kicking off with the new school year, the design challenge is part of a special Advanced Study Program, International Manufacturing & Product Development, where FIDM students will develop a line of activewear for Herbalife Nutrition’s […]
Direct Selling News’ Publisher and Editor in Chief recently spoke with Rich Goudis about his first year on the job as CEO of Herbalife Nutrition. So how are you feeling with your first year as CEO now behind you? Sum up for us your first year in the role. Rich Goudis: Mostly successful I would […]
Los Angeles-based Herbalife Nutrition Ltd. Yesterday announced financial results for the second quarter ended June 30, 2018. Net sales of $1.3 billion increased 12 percent compared to second quarter 2017. Volume points of 1.5 billion, the highest amount to be recorded in a quarter in company history, increased 12 percent compared to the prior year period, […]
Los Angeles-based Herbalife Nutrition has signed LA Galaxy midfielder and Mexican National Team member Jonathan dos Santos to an exclusive multi-year sponsorship deal as his official sports performance nutrition partner. The deal runs through the 2021 MLS season. “We’re thrilled to be Jonathan’s exclusive sports performance nutrition partner,” said Rich Goudis, CEO of Herbalife Nutrition. “His […]
Los Angeles, California-based Herbalife Nutrition has renewed its multi-year sponsorship with international soccer star, Cristiano Ronaldo, extending their relationship that first began in 2013 to 2021. Through the sponsorship, Herbalife Nutrition will maintain the exclusive rights to promote Ronaldo in connection with the nutrition, wellness and sports performance products category. “Cristiano is in a league of his own as one […]
Los Angeles, California-based Herbalife Nutrition Ltd. has reported financial results for the first quarter ended March 31, 2018. Net sales increased 7 percent over the prior year to $1.2 billion. The company exceeded first quarter net sales guidance as well as the high end of reported and adjusted diluted EPS guidance by 18 cents and […]
On Wednesday, Feb. 28, hedge fund manager William Ackman told CNBC’s Scott Wapner that his Pershing Square Capital company has exited its bet against Los Angeles-based nutritional supplement maker Herbalife. The announcement came five years after Ackman’s on-air verbal confrontation with billionaire Carl Icahn, an Herbalife investor, on CNBC. In December 2012, Ackman launched a […]
Los Angeles-based Herbalife Ltd. has announced its intention to change the company name to Herbalife Nutrition Ltd. In addition, the third-largest direct selling company in the world announced several strategies designed to enhance shareholder value. According to the company, the name change to Herbalife Nutrition Ltd. reflects the company’s commitment to leadership and expertise in the field […]
Herbalife Ltd. has released financial results for the fourth quarter and full year ended December 31, 2017. The Los Angeles-based company reported fourth quarter 2017 net sales of $1.1 billion, an increase of 4.6 percent, while net sales for full-year 2017 were $4.4 billion, a decrease of 1.4 percent compared to full-year 2016. “After a year of transition, we returned to net […]
Herbalife Ltd., a Los Angeles, California-based health and wellness company, has created its first-ever “China Growth and Impact Investment Fund” to stimulate the development of its business and accelerate growth in China as well as help address challenging public-policy issues such as the rise in obesity. Funds for this new initiative were granted to Herbalife Nutrition by governments in China as part of […]