Brief: Herbalife Announces CFO Transition Initiates Guidance For First Quarter And Full-Year 2024

Herbalife

20/03/2024 11:28

March 20 (Reuters) - Herbalife Ltd  HLF.N :
    * HERBALIFE ANNOUNCES CFO TRANSITION; INITIATES GUIDANCE FOR
FIRST
QUARTER AND FULL-YEAR 2024
    * APPOINTMENT OF JOHN DESIMONE AS CHIEF FINANCIAL OFFICER,
SUCCEEDING ALEX AMEZQUITA WHO WILL REMAIN WITH COMPANY
    * SEES Q1 NET SALES UP 1% - 3% Y-O-Y
    * : SEES FY2024 NET SALES TO RANGE BETWEEN 0% - 5% Y-O-Y
    * EXPECTS TO DELIVER AT LEAST $80 MILLION OF RUN RATE
SAVINGS FROM
NEW ORGANIZATIONAL REDESIGN PROJECT BEGINNING IN 2025
    * Q1 REVENUE VIEW $1.24 BILLION -- LSEG IBES DATA
    * FY2024 REVENUE VIEW $5.09 BILLION -- LSEG IBES DATA
    * : EXPECTS TO RECOGNIZE AT LEAST $60 MILLION OF PRE-TAX
EXPENSES
IN 2024 RELATED TO NEW ORGANIZATIONAL REDESIGN PROJECT
RESTRUCTURING

Source text for Eikon:  ID:nBw6jMSCPa 
Further company coverage:  HLF.N 

 ((Reuters.Briefs@thomsonreuters.com;))