Herbalife tumbles after co announces CEO transition, reaffirms guidance

Herbalife

31/08/2026 17:12

** Nutrition products seller Herbalife's HLF.N shares tumble 13.6% on Mon to $10.74, an over nine-month low, after co announced C-suite change and reaffirmed prior forecasts
** HLF stock on track for biggest one-day pct drop since Feb 15, 2024
** Co early Mon said Stephan Gratziani to transition from his CEO role, effective Oct 31, 2026
** The board formed a committee to oversee succession process; current CFO John DeSimone to serve as interim CEO beginning Nov 1, per the statement
** Gratziani to continue as a consultant focused on strategy and business development, and return his primary focus to his independent distributorship of nearly 700,000 distributors and preferred members, co said
** HLF also reaffirmed Q3 and annual guidance it provided earlier this month
** With the decline, HLF stock down ~17% YTD 
     

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))