07.03.08
Los Angeles, CA
310.410.9600
www.herbalife.com
Sales: $144 million
Sales:
$144 million for personal care products. Corporate sales: $2.1 billion. Net income: $191 million.Key Personnel:
Michael O. Johnson, chairman and chief executive officer; Brett R. Chapman, general counsel and corporate secretary; Richard P. Goudis, chief financial officer.Chief Scientific Officer:
Y. Steve Henig, Ph.D.Major Products:
Outer nutrition products include skin cleansers, toners, moisturizers and facial masks, shampoos and conditioners, body washes and fragrances for men and women.
Comments:
Corporate sales rose nearly 14% and net income rose 33%. However, sales of personal care products declined 5%.Last year, the company realigned its regional structure from seven to five regions. The North America, Mexico & Central America, and EMEA regions remain essentially unchanged. The South America region now includes Brazil, and the former Southeast Asia, North Asia and Greater China regions have been combined into an Asia Pacific region.
For the first quarter of 2008, sales jumped 19% to $604.4 million. This record performance was attributable to double-digit growth in several of the company's top countries, including: U.S., up 14.3%; Taiwan, up 14.8%; Italy, up 29.7%; China, up 111.5%; Japan, up 10.4% and Spain, up 30.2%.