Herbalife Provides Preliminary Volume Point Results for the Fourth Quarter 2017
January 08 2018 - 9:15AM
Business Wire
Herbalife Ltd. (NYSE: HLF) (“Herbalife” or “Company”) today
announced preliminary volume point results for the fourth quarter
2017. The Company is issuing this pre-release in order to discuss
these preliminary results with the Company’s independent
distributors at upcoming Company meetings.
The Company is not otherwise providing fourth quarter 2017
financial results or updating 2018 guidance at this time.
Fourth Quarter 2017 Preliminary
Regional Volume Point Metrics
Volume Points (Mil) Region
4Q '17
Yr/Yr % Chg North America 250.8
-7.3% Asia Pacific 273.8 0.2% EMEA 271.7 4.5% Mexico
207.6 -8.4% South & Central America 153.0 -6.6%
China
149.6
9.6%
Worldwide Total* 1,306.7
-1.8%
* Amounts may not total due to rounding
The volume point results in the table above are preliminary and
may be subject to revision based upon the completion of the
Company’s year-end financial closing process. Herbalife expects to
report its final volume point results, as well as its financial
results for the fourth quarter and full year 2017 and provide an
update to 2018 guidance, on February 22, 2018.
About Herbalife
Herbalife is a global nutrition company whose purpose is to make
the world healthier and happier. The Company has been on a mission
for nutrition – changing people's lives with great nutrition
products & programs – since 1980. Together with our Herbalife
independent distributors, we are committed to providing solutions
to the worldwide problems of poor nutrition and obesity, an aging
population, sky-rocketing public healthcare costs and a rise
in entrepreneurs of all ages. We offer high-quality,
science-backed products, most of which are produced in
Company-operated facilities, one-on-one coaching with an Herbalife
independent distributor, and a supportive community approach that
inspires customers to embrace a healthier, more active
lifestyle.
Our targeted nutrition, weight-management, energy and fitness
and personal care products are available exclusively to and
through dedicated Herbalife distributors in more than 90
countries.
Through its corporate social responsibility efforts, Herbalife
supports the Herbalife Family Foundation (HFF) and
its Casa Herbalife programs to help bring good nutrition
to children in need. The Company is also proud to sponsor more than
190 world-class athletes, teams and events around the globe,
including Cristiano Ronaldo, the LA Galaxy, and numerous
Olympic teams.
The company has over 8,000 employees worldwide, and its shares
are traded on the New York Stock Exchange (NYSE: HLF)
with net sales of approximately $4.5 billion in 2016. To
learn more, visit Herbalife.com or IAmHerbalife.com.
FORWARD-LOOKING STATEMENTS
This release contains “forward-looking statements” within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Although we believe that the
expectations reflected in any of our forward-looking statements are
reasonable, actual results could differ materially from those
projected or assumed in any of our forward-looking statements. Our
future financial condition and results of operations, as well as
any forward-looking statements, are subject to change and to
inherent risks and uncertainties, such as those disclosed or
incorporated by reference in our filings with the Securities and
Exchange Commission. Important factors that could cause our actual
results, performance and achievements, or industry results to
differ materially from estimates or projections contained in our
forward-looking statements include, among others, the
following:
- our relationship with, and our ability
to influence the actions of, our Members;
- improper action by our employees or
Members in violation of applicable law;
- adverse publicity associated with our
products or network marketing organization, including our ability
to comfort the marketplace and regulators regarding our compliance
with applicable laws;
- changing consumer preferences and
demands;
- the competitive nature of our
business;
- regulatory matters governing our
products, including potential governmental or regulatory actions
concerning the safety or efficacy of our products and network
marketing program, including the direct selling markets in which we
operate;
- legal challenges to our network
marketing program;
- the consent order entered into with the
FTC, the effects thereof and any failure to comply therewith;
- risks associated with operating
internationally and the effect of economic factors, including
foreign exchange, inflation, disruptions or conflicts with our
third party importers, pricing and currency devaluation risks,
especially in countries such as Venezuela;
- uncertainties relating to
interpretation and enforcement of legislation in China governing
direct selling and anti-pyramiding;
- our inability to obtain the necessary
licenses to expand our direct selling business in China;
- adverse changes in the Chinese
economy;
- our dependence on increased penetration
of existing markets;
- any material disruption to our business
caused by natural disasters, other catastrophic events, acts of war
or terrorism, and cyber-security incidents;
- contractual limitations on our ability
to expand our business; our reliance on our information technology
infrastructure and outside manufacturers;
- the sufficiency of trademarks and other
intellectual property rights;
- product concentration;
- our reliance upon, or the loss or
departure of any member of, our senior management team which could
negatively impact our Member relations and operating results;
- U.S. and foreign laws and regulations
applicable to our international operations;
- uncertainties relating to the United
Kingdom’s vote to exit from the European Union;
- restrictions imposed by covenants in
our credit facility;
- uncertainties relating to the
application of transfer pricing, duties, value added taxes, and
other tax regulations, and changes thereto;
- changes in tax laws, treaties or
regulations, or their interpretation;
- taxation relating to our Members;
- product liability claims;
- our incorporation under the laws of the
Cayman Islands;
- whether we will purchase any of our
shares in the open markets or otherwise; and
- share price volatility related to,
among other things, speculative trading and certain traders
shorting our common shares.
We do not undertake any obligation to update or release any
revisions to any forward-looking statement or to report any events
or circumstances after the date hereof or to reflect the occurrence
of unanticipated events, except as required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20180108006179/en/
Herbalife Ltd.Media: Jennifer
Butler213-745-0420jenb@herbalife.comorInvestor Relations: Eric
Monroe213-745-0449ericm@herbalife.com
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