Herbalife Ltd. Files Q1 2024 10-Q
Ticker: HLF · Form: 10-Q · Filed: 2024-05-01T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, Herbalife
TL;DR
**HERBALIFE Q1 2024 10-Q FILED** - Check financials for latest performance.
AI Summary
Herbalife Ltd. filed its 10-Q for the period ending March 31, 2024. The company reported its financial performance and provided updates on its business operations. Key financial details and operational highlights are detailed within the filing.
Why It Matters
This filing provides investors with a detailed look at Herbalife's financial health and operational performance for the first quarter of 2024, influencing investment decisions.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific content can reveal risks or opportunities impacting the company's stock.
Key Numbers
- 20240331 — Q1 2024 End Date (Reporting period for the 10-Q)
- 20240501 — Filing Date (Date the 10-Q was submitted)
Key Players & Entities
- HERBALIFE LTD. (company) — Filer of the 10-Q
- 0000950170-24-051335 (other) — Accession Number for the filing
- 20240331 (date) — Conformed Period of Report
- 20240501 (date) — Filed as of Date
- 310 410 9600 (other) — Business Phone Number
FAQ
What is the reporting period for this 10-Q filing?
The conformed period of report is March 31, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on May 1, 2024.
What is the Central Index Key (CIK) for Herbalife Ltd.?
The CIK for Herbalife Ltd. is 0001180262.
What is the Standard Industrial Classification (SIC) code for Herbalife Ltd.?
The SIC code is 5122 for Wholesale - Drugs, Proprietaries & Druggists' Sundries.
What was Herbalife's former company name and when did it change?
Herbalife's former name was HERBALIFE NUTRITION LTD. and the date of name change was April 24, 2018.
From the Filing
0000950170-24-051335.txt : 20240501 0000950170-24-051335.hdr.sgml : 20240501 20240501163643 ACCESSION NUMBER: 0000950170-24-051335 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 97 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240501 DATE AS OF CHANGE: 20240501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HERBALIFE LTD. CENTRAL INDEX KEY: 0001180262 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-32381 FILM NUMBER: 24903644 BUSINESS ADDRESS: STREET 1: P.O. BOX 309GT STREET 2: UGLAND HOUSE, SOUTH CHURCH STREET CITY: GEORGE TOWN STATE: E9 ZIP: 00000 BUSINESS PHONE: 310 410 9600 MAIL ADDRESS: STREET 1: P.O. BOX 309GT STREET 2: UGLAND HOUSE, SOUTH CHURCH STREET CITY: GEORGE TOWN STATE: E9 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: HERBALIFE NUTRITION LTD. DATE OF NAME CHANGE: 20180424 FORMER COMPANY: FORMER CONFORMED NAME: HERBALIFE LTD. DATE OF NAME CHANGE: 20041214 FORMER COMPANY: FORMER CONFORMED NAME: WH HOLDINGS CAYMAN ISLANDS LTD DATE OF NAME CHANGE: 20020814 10-Q 1 hlf-20240331.htm 10-Q 10-Q Q1 false 0001180262 --12-31 2024-03-15 2028-06-15 2025-01-09 2029-01-06 March 31, 2025 March 31, 2026 March 31,2027 http://fasb.org/us-gaap/2023#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#PrepaidExpenseAndOtherAssetsCurrent http://fasb.org/us-gaap/2023#PrepaidExpenseAndOtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent 0001180262 hlf:TwoThousandAndTwentyNineSecuredNotesMember srt:ScenarioForecastMember hlf:TwoThousandAndTwentyFourRevolvingCreditFacilityMember 2024-06-30 0001180262 country:MX 2023-01-01 2023-03-31 0001180262 hlf:SeniorNotesTwoThousandTwentyFiveMember srt:ScenarioForecastMember 2025-03-03 0001180262 us-gaap:AccountingStandardsUpdate202006Member 2022-01-01 0001180262 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2023-01-01 2023-03-31 0001180262 us-gaap:NondesignatedMember us-gaap:ForeignExchangeContractMember us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:FairValueInputsLevel2Member 2024-03-31 0001180262 hlf:SevenPointEightSevenFivePercentageSeniorNotesDueTwoThousandAndTwentyFiveMember 2020-06-30 0001180262 hlf:RetentionAndSeparationMember 2024-03-31 0001180262 us-gaap:InterestRateSwapMember us-gaap:CostOfSalesMember 2024-01-01 2024-03-31 0001180262 us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember hlf:TwoThousandAndTwentyFourRevolvingCreditFacilityMember 2024-04-12 2024-04-12 0001180262 srt:MaximumMember us-gaap:PerformanceSharesMember 2024-03-31 0001180262 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-01-01 2024-03-31 0001180262 srt:MaximumMember 2023-01-01 2023-03-31 0001180262 hlf:FourPointEightSevenFivePercentageSeniorNotesDueTwoThousandAndTwentyNineMember 2021-06-30 0001180262 hlf:TwoThousandEighteenCreditFacilityMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2023-07-01 2023-07-01 0001180262 hlf:TwoPointSixTwoFivePercentageConvertibleSeniorNotesDueTwoThousandTwentyFourMember 2023-01-01 2023-03-31 0001180262 hlf:RestructuringProgramMember srt:MinimumMember 2024-01-01 2024-03-31 0001180262 hlf:FourPointTwoFiveZeroPercentageConvertibleSeniorNotesDueTwoThousandTwentyEightMember 2024-03-31 0001180262 hlf:TwoThousandEighteenCreditFacilityMember hlf:SecondAmendmentMember srt:MaximumMember us-gaap:EurodollarMember hlf:TwoThousandEighteenTermLoanAMember 2023-07-01 2023-07-01 0001180262 hlf:SevenPointEightSevenFivePercentageSeniorNotesDueTwoThousandAndTwentyFiveMember us-gaap:FairValueInputsLevel2Member 2023-12-31 0001180262 hlf:TwoThousandEighteenCreditFacilityMember hlf:TwoThousandTwentyFourConvertibleNotesExceedsThreeFiftyMill