Herbalife jumps on better-than-expected quarterly results; CEO transition

Herbalife

20/02/2025 12:38

** Shares of nutritional products firm Herbalife  HLF.N 
rise ~20% to $6.75 premarket
    ** On Wednesday, co posted Q4 sales of $1.21 bln, above
analysts' est of $1.19 bln - LSEG
    ** Co reported Q4 adj profit of 36 cents/shr, above
analysts' est of 22 cents/shr - LSEG
    ** Co expects net sales in 2025 to be down 3% to up 3%
year-over-year; co posted net sales of $4.99 bln in 2024
    ** Co forecasts net sales in Q1 FY25 to be down 5.5% to down
1.5% year-over-year; co posted net sales of $1.26 bln in Q1 FY24
    ** Separately, Stephan Gratziani named as co's new chief
executive officer, starting May 1
    ** Current CEO Michael Johnson will transition to the exec
chairman role
    ** HLF fell 56.5% in 2024

 (Reporting by Kamal Choudhury in Bengaluru)
 ((Kamal.Choudhury@thomsonreuters.com;))