**Herbalife Ltd. Issues Positive Financial Report for Third Quarter 2024**

Herbalife Ltd., a leading health and wellness company, published its financial results for the third quarter ending September 30, 2024. The company reported net sales in line with expectations, adjusted EBITDA surpassing guidance, and an increase in full-year adjusted EBITDA guidance.

Net sales for the third quarter were reported at $1.2 billion, showing a slight decrease of 3.2% compared to the same period in 2023, primarily due to foreign exchange headwinds. Adjusted EBITDA for the quarter stood at $166.5 million, exceeding expectations, with a margin increase of 70 basis points year-over-year.

The company noted that net income was $47.4 million for the quarter, with adjusted net income reaching $58.0 million. Diluted earnings per share were $0.46, while adjusted diluted EPS stood at $0.57. Notably, Herbalife reported a recognized pre-tax gain of approximately $4 million on the sale of property in Torrance, California.

Herbalife’s financial initiatives, including the restructuring program initiated earlier in the year, are progressing well. The company expects this program to deliver substantial annual savings starting in 2025. Plans to reduce total leverage ratio and total debt over the next few years are also on track.

During the quarter, Herbalife saw a 14% year-over-year increase in new distributors joining the company. Engagement among distributors remains robust, supported by training programs and community-building efforts. The company also introduced new training initiatives, such as the Diamond Development Mastermind Program, to enhance distributor skills.

Events like the Extravaganza training sessions attracted large attendance, indicating strong interest and participation. Herbalife’s commitment to promoting a healthy lifestyle was demonstrated through the successful Herbalife 2024 Worldwide Workout, where the company set a new GUINNESS WORLD RECORDS™ title for the Largest High-Intensity Interval Training Class.

As Herbalife continues its growth trajectory, the company’s management expressed confidence in the positive financial trends, noting improved margins and a strengthened financial foundation. The company remains focused on supporting its distributors and enhancing its offerings to drive sustainable top-line growth.

Herbalife’s senior management will host a live audio webcast and conference call to discuss the third quarter financial results on October 30, 2024, providing further insights into the company’s performance. Interested parties can access the webcast and call through the company’s Investor Relations website.

Herbalife (NYSE: HLF) has been dedicated to transforming lives through quality nutrition products and empowering independent distributors since 1980. Their business model emphasizes personalized coaching and community support to foster healthier lifestyles. For additional information, visit the Herbalife Investor Relations website.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Herbalife’s 8K filing here.

About Herbalife

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.