Herbalife Q2 beats guidance; President transitions to non-exec role; $400M digital plan

HERBALIFE LTD.

2022-Q2 EPS reported $1.84 revenue$2,728,500,000

Q2 net sales $1.4B (-10.3% YoY, -5.9% FX-adjusted); adj. EPS $0.96 beat guidance; reported EPS $0.88.
President John DeSimone transitions to Executive Vice Chairman (part-time, non-exec) effective July 29, 2022.
Company announces $400M digital tech program; expects $200-250M incremental spend over 3 years.
Repurchased ~1.1M shares for $30.2M in Q2; reaffirms net sales/EBITDA guidance.
Lowers full-year adjusted EPS guidance, citing unfavorable currency movements.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

John DeSimone

Executive Vice Chairman

HLF · HERBALIFE LTD.

Effective: 2022-07-29
Filed: August 2, 2022, 7:59 PM ET

Effective July 29, 2022, John DeSimone, one of the named executive officers in the Company’s 2022 proxy statement filed with the Securities and Exchange Commission on March 15, 2022 (the “2022 Proxy Statement”), transitioned from President to Executive Vice Chairman, a part-time and non-executive role.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John DeSimone changed role as Executive Vice Chairman at HERBALIFE LTD..

Action: transitioned
Role: Executive Vice Chairman

Exact text from the filing

Effective July 29, 2022, John DeSimone, one of the named executive officers in the Company’s 2022 proxy statement filed with the Securities and Exchange Commission on March 15, 2022 (the “2022 Proxy Statement”), transitioned from President to Executive Vice Chairman, a part-time and non-executive role.

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HERBALIFE LTD. filing history →

Source: SEC EDGAR

accession 0001157523-22-000997

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