New Product Launches and Innovation
Herbalife launched MultiBurn, a nonpharmaceutical weight loss supplement, and entered a new category with its first healthy lifespan product. The company is also integrating Link Biosciences for personalized nutritional supplements.
Positive Trends in North America
July marked the first month of year-over-year volume growth in North America since April 2021, contributing to a raised full-year net sales guidance range.
Strong Distributor Engagement
Distributor engagement was high, with nearly 38,000 attendees at Extravaganza training events. Enthusiasm was particularly strong in North America, with 7,000 distributors signing up for the Pro2col beta program.
Financial Performance Exceeds Guidance
Adjusted EBITDA exceeded guidance at $174 million, and the company paid down $55 million in debt, maintaining a total leverage ratio of 3x.