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Monday, July 13, 2020

Herbalife sees big jump in Q2 volume points, highest on record

On a preliminary basis, Herbalife (NYSE:HLF) expects ~1.7B volume points, up 12.4% from a year ago and the largest volume point quarter in its history.
The biggest jumps occurred in North America (+38.5%), EMEA (Europe, Middle East, Africa) (20.9%) and China (+17.7%).
On another note, it has launched a self-tender offer for up to $750M of its common shares at per-share prices of $44.75 – 50.00. The offer will expire at 5:00 pm ET on August 11 unless extended.

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