Herbalife Ltd. (NYSE: HLF), a leading global nutrition company, reported solid financial results for the third quarter of 2024, underscoring the resilience of its business model and the growing popularity of its products amid consumers' increasing focus on health and wellness.
Net sales for the quarter were $1.24 billion, in line with the company's guidance and nearly flat compared to the same period last year on a constant currency basis. The company's adjusted EBITDA of $166.5 million exceeded expectations, driven by pricing actions, favorable input costs, and operational efficiencies.
Notably, Herbalife witnessed a 14% year-over-year increase in the number of new distributors joining its network globally, reflecting the strong demand for its products and the appeal of its business opportunity. The company's distributor engagement initiatives, including training programs and community-building events, contributed to this positive trend.
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