Sales: $135 million for personal care products. Corporate sales $4.1 billion.
Key Personnel: Michael O. Johnson, chairman and chief executive officer; Desmond Walsh, president; John G DeSimone, chief financial officer; Mr. Richard P. Goudis, chief operating officer; Mr. Brett R. Chapman, chief legal officer and secretary.
Major Products: Personal care products fall under the major brand names such as Skin Activator, recently-launched Skin line, Herbal Aloe, Radiant C.
Comments: Herbalife recently reported first quarter net sales of $1.3 billion, reflecting an increase of 12% compared to the same period in 2013 on volume point growth of 9%, according to the company. Adjusted net income for the quarter rose 9% to $151.1 million.
It’s been a tricky year in the media for the direct seller, as the marketer of nutrition and skin care products has been embroiled in a battle with Bill Ackman who insists the company is a pyramid scheme in an effort to devalue the stock.
In March, Herbalife received a Civil Investigative Demand (CID) from the Federal Trade Commission (FTC). In response, the company issued the following statement:
“Herbalife welcomes the inquiry given the tremendous amount of misinformation in the marketplace, and will cooperate fully with the FTC. We are confident that Herbalife is in compliance with all applicable laws and regulations. Herbalife is a financially strong and successful company, having created meaningful value for shareholders, significant opportunities for distributors and positively impacted the lives and health of its consumers for over 34 years.”
This year, Herbalife rolled out its newest skin care line, Herbalife Skin, in the Asia Pacific region. The new line has been clinically proven to produce visible results in just seven days, according to the company. It also partnered with football star Cristiano Ronaldo for CR7 Driven to Perfection, a social media campaign calling on fans from around the world to submit videos describing what drives them to succeed.