— Herbalife Nutrition Ltd. (NYSE: HLF) reported adjusted earnings of $0.74 per share for the fourth quarter of 2019, vs. $0.63 per share expected.
— Net income increased to $56.7 million or $0.40 per share from $48.9 million or $0.34 per share last year
— Net sales increased 2.8% year-over-year to $1.2 billion during the three-month period, vs. $1.22 billion expected
— Sales climbed 17.8% in Asia Pacific, 3.5% in EMEA and rose 8.9% in North America
— Volume points increased 3.8% compared to the fourth quarter of 2018; excluding China, volume points moved up 5.8%
— John Agwunobi, who has been named the new CEO, will also assume the role of Chairman of the Board
— Michael Johnson will retire as Chairman and CEO after 17 years at the company
Most Popular
Will the pandemic help or hurt Target (TGT)?
As the coronavirus pandemic rages on, major retailers continue to experience huge demand for food and essential items both in their stores and online. Target Corporation (NYSE: TGT) is one
GameStop (GME) swings to profit in Q4, beats estimates
GameStop Corp. (NYSE: GME) swung to a profit in the fourth quarter of 2019 from a loss last year, helped by lower costs and expenses despite a 28% dip in
Is Skechers’ global footprint strong enough to tide over present crisis?
Footwear maker Skechers USA, Inc. (NYSE: SKX) lost considerable market value in recent weeks and under-performed the industry, amid growing fears that a recession is imminent. The crisis has left