Following 6.3% Q1 Sales Slump, Herbalife Expects To Ride North America To Turnaround

Direct seller declines to provide guidance due to dynamic macroeconomic environment but expects a return to growth by end of year led by North America.

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Herbalife Nutrition Ltd. reported 2023 first-quarter net sales of $1.3b, down 6.3%, or 2.6% excluding loss to foreign exchange, on lower sales, input cost inflation, distributor event spending and continued currency pressure.

The Los Angeles-based wellness, nutritional and weight loss product direct seller on 2 May announced its first-quarter net income plummeted...

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