Herbalife (HLF) Tops Q4 EPS by 3c; $1.5B Buyback
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Herbalife Reports Record Full Year 2016 Worldwide Volume; Number of Preferred Members in the U.S. Approximately 300,000; Record Worldwide Sales Leader Retention; Announces a New Share Buyback Authoriz
February 23, 2017 4:12 PM ESTRecord full year 2016 worldwide volume points of 5.6 billion, representing year over year growth of approximately 5% Full year 2016 net sales of $4.5 billion, consistent with prior year and an increase of 6% on a constant currency basis compared to the prior year period. Fourth quarter 2016 reported net sales of $1.0 billion Fourth quarter 2016 reported diluted EPS of $1.16 and adjusted1 diluted EPS of $1.00, which both include an $0.11 negative impact due to currency fluctuations Approximately 300,000 have converted to or signed-up as Preferred... More
Herbalife Ltd. Reaches Agreement in Principle to Form Joint Venture with China’s Tasly Holding Group
February 23, 2017 4:05 PM ESTLOS ANGELES--(BUSINESS WIRE)-- Herbalife Ltd. (NYSE: HLF), a global nutrition company, today announced it has reached an agreement in principle to form a joint venture with Tasly Holding Group, a leading Traditional Chinese Medicine (TCM) health products and services corporation. The joint venture would develop and commercialize high-quality consumer health products based on Taslys deep portfolio of proprietary formulations, patents, know-hows, and clinical studies by leveraging the Herbalife Nutrition scientific, regulatory and commercial development expertise to bring products to a global market through the Herbalife Nutrition distributor network. The proposed joint venture... More
