---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001228"
form_type: "8-K"
ticker: "HLF"
cik: "0001180262"
company_name: "HERBALIFE LTD."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T11:47:04.510518+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Herbalife Q2 net sales $1.3B (-5.7% YoY); EPS $0.60; board member becomes CSO; targets Q4 growth

## Summary
- Q2 net sales $1.3B, down 5.7% YoY (4.2% constant currency); net income $59.9M.
- Diluted EPS $0.60; adjusted diluted EPS $0.74; adjusted EBITDA $169.6M.
- Transformation Program: at least $90M annual cost savings expected; $45M anticipated in 2023.
- Stephan Gratziani resigned from Board to become Chief Strategy Officer effective August 1, 2023.
- Management states on track to return to growth in fourth quarter 2023.

## SEC filing metadata
- accession: 0001157523-23-001228
- form_type: 8-K
- ticker: HLF
- cik: 0001180262
- company_name: HERBALIFE LTD.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1180262/000115752323001228/0001157523-23-001228-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1180262/000115752323001228/a53503456.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001228
- JSON: https://secwatch.observer/filing/0001157523-23-001228.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001228.txt

## Key facts
- Earnings Releases
  HERBALIFE LTD. reported second quarter ended June 30, 2023 results: revenue $1.3 billion, net income $59.9 million, EPS $0.60.
  - Period: second quarter ended June 30, 2023
  - Revenue: $1.3 billion
  - Net income: $59.9 million
  - EPS: $0.60
  - Result: reported results
  source text: Second quarter 2023 net sales of $1.3 billion, down 5.7% compared to second quarter 2022; on a constant currency basis 1 , net sales declined 4.2% compared to the prior year period Year-over-year reported net sales trends improved for two sequential quarters Second quarter 2023 reported net income of $59.9 million and adjusted EBITDA 2 of $169.6 million Second quarter 2023 reported diluted EPS of $0.60 and adjusted diluted EPS 2 of $0.74
  evidence_url: https://www.sec.gov/Archives/edgar/data/1180262/000115752323001228/0001157523-23-001228-index.htm
- Executive change
  Stephan Gratziani resigned as Director at HERBALIFE LTD..
  - Action: resigned
  - Role: Director
  source text: On August 1, 2023, Mr. Stephan Gratziani resigned from the Company’s Board of Directors (the “Board”) and agreed to become an employee of the Company in the role of Chief Strategy Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1180262/000115752323001228/0001157523-23-001228-index.htm
- Executive change
  Stephan Gratziani was appointed as Chief Strategy Officer at HERBALIFE LTD..
  - Action: agreed to become
  - Role: Chief Strategy Officer
  source text: On August 1, 2023, Mr. Stephan Gratziani resigned from the Company’s Board of Directors (the “Board”) and agreed to become an employee of the Company in the role of Chief Strategy Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1180262/000115752323001228/0001157523-23-001228-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.