secwatch.observer — SEC 8-K summary
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Issuer:     HERBALIFE LTD. (HLF)
CIK:        0001180262
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001157523-23-001598
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Herbalife Q3 net sales $1.3B (-1.1% YoY); adj. EPS $0.65; transformation savings target raised to $60M
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- Q3 net sales $1.3B, down 1.1% YoY (down 1.5% constant currency); third consecutive quarter of improved YoY trends.
- Reported net income $42.8M ($0.43 diluted EPS); adjusted diluted EPS $0.65; adjusted EBITDA $163.3M (12.7% margin).
- Transformation Program: now expects at least $60M cost savings in 2023 (up from $45M); $67M of total program expenses incurred to date.
- Repurchased $65.5M of 2024 Convertible Notes in Q3; remaining $197.0M principal outstanding.
- Launched all-new Herbalife.com website in Singapore; on track to roll out to ~40 markets by year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1180262/000115752323001598/0001157523-23-001598-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1180262/000115752323001598/a53723862.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001598

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