Launch of Pro2col Platform
Herbalife launched the beta version of the Pro2col platform, with over 7,000 distributors participating. This represents a significant step towards personalized, data-driven wellness solutions.
Introduction of New Products
New product launches included MultiBurn, a nonpharmaceutical weight loss supplement, and a healthy lifespan supplement. These products are expected to enhance the company's market presence.
Adjusted EBITDA Exceeds Guidance
Q2 adjusted EBITDA was $174 million, exceeding the high end of the guidance range, showcasing operational efficiency.
Debt Reduction
Herbalife paid down $55 million in debt during the quarter, maintaining a leverage ratio of 3x.
North America Volume Growth
July marked the first month of year-over-year volume growth in North America since April 2021, indicating positive regional momentum.