{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-000278","form_type":"8-K","ticker":"HLF","cik":"0001180262","company_name":"HERBALIFE LTD.","filed_at":"2023-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.072554+00:00","generated_at":"2026-06-19T13:16:47.249213+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Herbalife Q4 net sales down 10.4%; Full year adj. EPS $3.40 vs $4.79; no FY2023 guidance","bullets":["Full year 2022 net sales $5.2B, down 10.3% YoY; reported diluted EPS $3.23, adjusted $3.40 (down from $4.79).","Q4 2022 net sales $1.2B, down 10.4% YoY; reported diluted EPS $0.55, adjusted $0.53 (down from $0.57).","Reduced nominal debt by ~$60M in Q4; expects 2023 free cash flow largely to reduce debt toward 3.0x leverage target.","Withdrawing FY2023 guidance due to macroeconomic uncertainty; Transformation Program targets at least $70M annual savings.","Sales leader retention rate 67.6%; new distributors and preferred customers down ~1% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-000278","json":"https://secwatch.observer/filing/0001157523-23-000278.json","markdown":"https://secwatch.observer/filing/0001157523-23-000278.md","text":"https://secwatch.observer/filing/0001157523-23-000278.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1180262/000115752323000278/0001157523-23-000278-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1180262/000115752323000278/a53322855.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T13:16:47.249213+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"45cc879a4b76fc7661bf1d8a5dbe9889b9a8e775","claim":"HERBALIFE LTD. reported the fiscal year ended December 31, 2022 results: revenue $5.2 billion, net income $321.3 million, EPS $3.23.","evidence_excerpt":"Full year 2022 net sales of $5.2 billion, a 10.3% decrease compared to the full year 2021. On a constant currency basis 1 , net sales declined 5.4% compared to the prior year. Full year 2022 reported diluted EPS of $3.23 and adjusted 2 diluted EPS of $3.40, compared to full year 2021 reported and adjusted 2 diluted EPS of $4.13 and $4.79, respectively. Full year 2022 reported net income of $321.3 million and adjusted 2 EBITDA of $694.5 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1180262/000115752323000278/0001157523-23-000278-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$5.2 billion"},{"label":"Net income","value":"$321.3 million"},{"label":"EPS","value":"$3.23"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c7371f835eb7d127a069df9a0a6ec2faa3c63a58","claim":"HERBALIFE LTD. reported the fourth fiscal quarter ended December 31, 2022 results: revenue $1.2 billion, net income $54.4 million, EPS $0.55.","evidence_excerpt":"Fourth quarter 2022 net sales of $1.2 billion, a 10.4% decrease compared to the fourth quarter 2021. On a constant currency basis 1 , net sales declined 4.2% compared to the prior year period. Fourth quarter 2022 reported diluted EPS of $0.55 and adjusted 2 diluted EPS of $0.53, compared to fourth quarter 2021 reported and adjusted 2 diluted EPS of $0.37 and $0.57, respectively. Fourth quarter 2022 reported net income of $54.4 million and adjusted 2 EBITDA of $130.7 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1180262/000115752323000278/0001157523-23-000278-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth fiscal quarter ended December 31, 2022"},{"label":"Revenue","value":"$1.2 billion"},{"label":"Net income","value":"$54.4 million"},{"label":"EPS","value":"$0.55"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}