CEOs confident that improvements of key metrics will reverse the losses of 2022
By: Dave Rauf
Herbalife boosted profits by 42% in the fourth quarter, as the company’s key business metrics stabilized and it leveraged a significant reduction in expenses during the final three months of 2022.
The direct selling giant beat analyst expectations for the quarter, and its new CEO, the returning Michael Johnson, said a plan has been put in place to return to growth in the “near term.”
The seller of supplements and weight-loss products reported total fourth-quarter sales were down 10.4% to $1.2 billion. That includes a 9% slide in North America sales.
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