Herbalife Nutrition Ltd will likely pay U.S. authorities $123 million to settle bribery allegations related to the company's business in China, a regulatory filing showed on Thursday. The U.S. Department of Justice and Securities and Exchange Commission have been investigating the involvement of the multilevel marketing company's Chinese unit in an alleged decade-long scheme to bribe Chinese government officials to win business and evade regulatory scrutiny. The bribes were intended to help Los Angeles-based Herbalife obtain direct selling licenses, reduce government scrutiny of its Chinese operations, and suppress negative coverage by state-controlled media, authorities have said.

NEW YORK, NY / ACCESSWIRE / May 18, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Herbalife Nutrition Ltd. ("Herbalife" or "the Company") (HLF). Investors who purchased Herbalife securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/hlf. The investigation concerns whether Herbalife and certain of its officers and/or directors have violated federal securities laws.

Pomerantz LLP is investigating claims on behalf of investors of Herbalife Nutrition Ltd. (“Herbalife” or the “Company”) (HLF). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. The investigation concerns whether Herbalife and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

Herbalife Nutrition Announces Pricing of Senior Note Offering

Shares of Herbalife Nutrition Ltd. rose more than 10% in the extended session Thursday after the nutritional supplements company beat Wall Street expectations for its first quarter. Herbalife said it earned $46 million, or 32 cents a share, in the quarter, compared with $96 million, or 66 cents a share, in the year-ago period. Adjusted for one-time items, Herbalife earned 83 cents a share, compared with 66 cents a share a year ago. Sales rose to $1.3 billion from $1.2 billion a year ago. Analysts polled by FactSet had expected Herbalife to report adjusted EPS of 59 cents a share on sales of $1.2 billion. Quarterly results reflected "the essential role our products play in the lives of many, especially during these times," the company said, without referring specifically to the coronavirus pandemic. The company said it couldn't provide guidance since it could not estimate "the extent and duration of business disruption and related financial impact from the COVID-19 pandemic." Herbalife said it will "periodically reassess its ability to provide guidance for full year 2020 as and when we believe the impact of the pandemic can be reasonably estimated." Shares of Herbalife ended the regular trading day up 9.4%.

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Looking into the current session, Herbalife Nutrition Inc. (NYSE: HLF) shares are trading at $30.58, after a 2.51% rise. Moreover, over the past month, the stock spiked by 4.33%, but in the past year, decreased by 42.16%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently up from its 52 week low by 47.52%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Packaged Foods stocks, and capitalize on the lower share price observed over the year. The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.Depending on the particular phase of a business cycle, some industries will perform better than others.Herbalife has a lower P/E than the aggregate P/E of 73.2 of the packaged foods industry. Ideally, one might believe that they might perform worse than its peers, but it's also probable that the stock is undervalued. P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may be unable to attain key insights from trailing earnings.See more from Benzinga * Afternoon Market Stats in 5 Minutes * Recap: MSC Industrial Direct Co Q2 Earnings * Recap: RPM International Q3 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Industry Veteran John Agwunobi Assumes New Role as Herbalife Nutrition CEO

Shares of Herbalife Nutrition (NYSE: HLF) jumped higher on Friday after the company reported financial results for the first quarter of 2020. While Q1 showed net sales growth, investors may be more excited that Herbalife is close to putting an investigation from the SEC and Department of Justice in the rearview mirror. Herbalife likes to highlight "volume points," a measure of when products are paid for.

The U.S. Labor Department said the pandemic cost 20.5 million jobs in April, pushing the unemployment rate to a post–World War II high and deepening the economic crisis, while in New York, a child died of a rare condition linked to the virus.

Unfortunately for some shareholders, the Herbalife Nutrition (NYSE:HLF) share price has dived 36% in the last thirty...

Herbalife Nutrition Announces Offering of $600 Million of Senior Notes

(Bloomberg) -- Herbalife Nutrition Ltd. managed to convince investors to lend it $600 million so it could buy back shares, an unusual move at a time when companies are borrowing billions of dollars to shore up liquidity during the coronavirus pandemic.The maker of weight-loss shakes and supplements that counts Carl Icahn as its largest shareholder sold the unsecured debt Wednesday at a yield of 7.875%, down slightly from early unofficial pricing discussions of 8%, according to people familiar with the matter.Proceeds from the offering will be used for general corporate purposes, which could include the purchase of stock or capital investment, said the people, who asked not to be named discussing a private transaction.Herbalife products are distributed by a network of direct sellers, rather than through stores, and the company has garnered controversy for its multi-level marketing structure that encourages sellers to recruit others to hawk the products. But the business has fared well during the pandemic.Net sales increased 7.7% on a year-over-year basis in the first quarter ended March 31, and the company expects only a small dip in preliminary April volumes as a result of the virus, according to an earnings release earlier this month.“The demand for our products and for our services has gone up around the world,” Chief Executive Officer John Agwunobi said on a recent earnings call.A representative for Bank of America Corp., which is leading the deal, declined to comment. A representative for the company didn’t respond to a request for comment.Debt-financed share buybacks haven’t been the priority for companies suffering from sliding revenues during the outbreak. But Herbalife has a history of doing so with its last buyback for $600 million in May 2018, according to data compiled by Bloomberg. It also authorized an ongoing five-year $1.5 billion buyback program in October 2018.The new 5.25-year bond yields slightly more than the company’s existing $400 million of 7.25% unsecured notes due in 2026 that last traded at 99.75 cents on the dollar, according to Trace data.Moody’s Investors Service rated the bonds B1, or four levels below investment grade. While the company has good profitability, cash flow and geographic diversity, there are parts of its business model that are fragile, Moody’s analyst Chedly Louis wrote. S&P Global Ratings graded the notes BB-, or one step higher.Herbalife’s global multi-level marketing structure has been under scrutiny for years by a number of regulatory agencies, and its business model is highly reliant upon its ability to recruit and retain sales representatives around the world, Louis wrote.The U.S. Securities and Exchange Commission and the Department of Justice are currently investigating whether Herbalife violated the Foreign Corrupt Practices Act over the time period of 2006 through 2016. The company has reached an “understanding in principle” with both agencies and is expected to resolve the investigations soon, according to a May 7 filing.Herbalife shares gained 1.8% Wednesday, closing at $44.03.(Updates with final pricing details throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Herbalife Nutrition Completes Reprice of Term Loan a Facility and Extends Maturity Date of Revolving Credit; Reduces Borrowing Costs

Herbalife Nutrition’s Herbalife24 Triathlon, 5k and Bike Tour Event Rescheduled for October 25, 2020

Herbalife Nutrition Ltd. (NYSE: HLF) ("Company") today announced that in response to the coronavirus outbreak and in continued support for the health and safety of all, it will hold a live audio webcast of its 2020 Annual General Meeting of Shareholders ("Meeting"). As previously announced, the Meeting will be held on Wednesday, April 29, 2020 at 8:30 a.m. Pacific Daylight Time at 800 W. Olympic Blvd., Suite 406, Los Angeles, CA 90015.

Herbalife Nutrition (NYSE:HLF) shares have had a really impressive month, gaining 31%, after some slippage. But...

Premier global nutrition company, Herbalife Nutrition (NYSE: HLF), and the Herbalife Nutrition Foundation, today announced that $333,000 of the $1 million pledged to World Food Program USA’s Emergency Response Fund will aid Coronavirus pandemic relief efforts. These funds, gifted through the Company’s Nutrition for Zero Hunger initiative, will support United Nations World Food Programme (WFP) efforts in responding to supply chain and other logistics issues related to the virus.

Global nutrition company, Herbalife Nutrition Ltd. (NYSE:HLF) will release its first quarter 2020 financial results after the close of trading on the NYSE on Thursday, May 7, 2020. The same day, at 5:30 p.m. ET (2:30 p.m. PT), the Herbalife Nutrition senior management team will host an investor conference call to discuss its recent financial results and provide an update on current business trends.

Herbalife Nutrition Reports Largest Volume Point Quarter in Company History