Inflation, COVID-19 and Ukraine conflict continue to pose challenges
By: Dave Rauf
Herbalife
Herbalife outperformed lowered expectations during the second quarter, and the company’s CEO says economic headwinds that hurt sales through the first six months of 2022 are stabilizing.
The Los Angeles-based direct selling giant reaffirmed projections to return to growth in the fourth quarter, following two consecutive quarters of sales declines after a record-breaking 2021.
Throughout 2021, Herbalife reported its biggest ever sales year, reporting $5.8 billion in revenue. The company’s three largest regions—Asia-Pacific, North America and EMEA—each set annual net sales records last year.