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LOS ANGELES--(BUSINESS WIRE)--Herbalife Ltd. (NYSE: HLF), a premier health and wellness company, community and platform, will release its first quarter 2024 financial results after the close of trading on the NYSE on Wednesday, May 1, 2024. On the same day, at 5:30 p.m. ET (2:30 p.m. PT), Herbalife's senior management team will host a live audio webcast and conference call to discuss its recent financial results and provide an update on current business trends. The live audio webcast will be av.
Investors didn't respond well to the announcement of a $700 million notes issue. The senior secured notes mature in 2029.
Herbalife replaced its CFO and announced improved guidance for 2024 today. Management cited "more stability in the business" for the positive outlook adjustment.
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An internal memo shows Harris was urged to investigate Herbalife by her California AG staff while her husband worked for the law firm representing it.
Herbalife (NYSE: HLF) stock price has imploded in a strong vindication for Bill Ackman, the billionaire who lost a billion dollars shorting it a few years ago. The stock plunged by more than 31% on Thursday as Ackman celebrated the downfall.
Herbalife delivered far lower-than-expected earnings in the fourth quarter amid its ongoing "transformation program." The supplement company also told investors to expect flat revenue in the coming year.
Shares of Herbalife Ltd. fell more than 30% on Thursday, leading activist investor Bill Ackman to revive his feud with the nutritional-supplements company.
Herbalife Ltd. (HLF) Q4 2023 Earnings Call Transcript
U.S. equities are not off to a great start in 2024. The Nasdaq is down two-quarters of a percentage point, while the S&P 500 is largely flat.