Full Year 2007 Sales Increase 13.8 Percent to $3.5 Billion
LOS ANGELES–(BUSINESS WIRE)–Feb. 26, 2008–Herbalife Ltd. (NYSE:
HLF) today reported fourth quarter net sales of $578.1 million, an
increase of 18.6 percent compared to the same period of 2006. This
record performance was attributable to double-digit growth in several
of the company’s top countries; the U.S. up 22.1 percent, Taiwan up
18.9 percent, Italy up 21.9 percent and China up 145.8 percent
compared to the same period in 2006, coupled with the favorable impact from currency fluctuations.
The company’s Chairman and Chief Executive
Officer Michael O. Johnson, said, “We are pleased to report our 16th
consecutive quarter of double-digit growth and record net sales
reflecting the strong performance of our independent distributor
organization. Our margins and record bottom line performance reflects
the strong top line growth coupled with our initiatives to continually
leverage our infrastructure to improve profitability.”
During the fourth quarter 2007, total Sales Leaders(1) increased
16.0 percent to 473,846 and new Sales Leaders increased 10.4 percent
to 56,739 versus the fourth quarter of 2006. The company’s President’s
Team membership increased 11.8 percent to 1,105 members and the
company’s prestigious Chairman Club increased to 32 members. Greg
Probert, the company’s president and chief operating officer, said,
“The growth rate of new Sales Leaders in the fourth quarter was the
highest of the year, reflecting the tremendous momentum in our
distributor organization.”Read more
Amazing stuff the company never ceases to amaze me. Herbalife just keeps moving forward and upwards. Herbalife Australia is moving as fast as the annual turnover as well. Thanks for another great post buddy.