A maker of weight-management and nutrition shakes, teas, and supplements sold by independent distributors in dozens of markets, Herbalife's best-known product is its Formula 1 Nutritional Shake Mix. Founder Mark Hughes started the company in 1980 after his mother died from an overdose of prescription diet pills, selling his first shakes from the trunk of his car. The name blends "herbal" and "life."
Herbalife CFO John DeSimone to retire; Scott Schaefer named successor effective Jan 1, 2027
Schaefer's compensation includes $650,000 base salary, 80% target bonus, and ~$1.7M long-term incentive award.
Show detailsHide details
John DeSimone, CFO, notified the Board of his retirement, effective December 31, 2026.
Scott Schaefer, currently SVP Finance and Transformation, will become CFO on January 1, 2027.
Schaefer previously served as President and CEO of Zappos from Dec 2021 to Nov 2024.
The transition was announced alongside Q2 2026 earnings results.
2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Herbalife Q1 2026 net sales up 7.8% to $1.3B, adjusted EBITDA $175.7M, raises FY guidance
Q1 2026 net sales were $1.3 billion, up 7.8% year-over-year (5.4% on constant currency basis).
Show detailsHide details
Net income attributable to Herbalife was $61.9 million; adjusted net income was $69.0 million.
Adjusted EBITDA was $175.7 million (13.3% margin), exceeding guidance; diluted EPS $0.57, adjusted diluted EPS $0.64.
Completed $1.45 billion senior secured debt refinancing on April 29, 2026, expected to save ~$45 million annually in cash interest.
Acquired Bioniq's core personalized nutrition business for $55 million base consideration plus up to $95 million contingent payments.
Raised full-year 2026 constant currency net sales and adjusted EBITDA guidance midpoints; Q2 2026 guidance provided.
2.02 Results of Operations and Financial Condition · 5.07 Submission of Matters to a Vote of Security Holders · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Herbalife completes $1.45B refinancing, issuing $800M notes and new credit facilities
Herbalife issued $800 million of 7.750% Senior Secured Notes due 2033 on April 29, 2026.
Show detailsHide details
The company amended its credit facility, adding a $225 million Term Loan A and a $425 million revolving credit facility, both maturing in April 2031.
Proceeds repaid the $365 million term loan B and fully redeemed the $800 million 12.250% Senior Secured Notes due 2029 at 106.125% of principal.
The refinancing is expected to result in approximately $45 million in annual cash interest savings.
Approximately $200 million was outstanding under the new revolving credit facility as of April 29, 2026.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Herbalife prices $800M of 7.750% senior secured notes due 2033
The notes were offered by wholly owned subsidiaries HLF Financing SaRL, LLC and Herbalife International, Inc. at 100.00% of par.
Show detailsHide details
On April 15, 2026, Herbalife Ltd. announced the pricing of $800 million aggregate principal amount of 7.750% senior secured notes due 2033.
Interest on the notes will be paid semi-annually on May 1 and November 1, commencing November 1, 2026.
The notes will be guaranteed on a senior secured basis by Herbalife and its subsidiaries that guarantee its senior secured credit facility.
Net proceeds, along with credit facility refinancing and available cash, will be used to repay existing debt, including the Issuers' 12.250% Senior Secured Notes due 2029; the offering is expected to close on April 29, 2026.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Adjusted EBITDA expected at or above the high end of prior Q1 2026 guidance.
Show detailsHide details
Preliminary Q1 2026 net sales growth expected at 7.5%-8.0% year-over-year, above the high end of prior guidance.
Constant currency net sales growth expected at 5.0%-5.5% year-over-year, also above guidance.
Subsidiaries announced proposed $800 million offering of senior secured notes and conditional redemption of all outstanding 12.250% Senior Secured Notes due 2029 at $1,061.25 per $1,000 principal.
Refinancing plan targets $1,450 million of secured financing, including a $425 million revolver, $225 million Term Loan A, and $800 million of other secured debt.
2.02 Results of Operations and Financial Condition · 8.01 Other Events · 9.01 Financial Statements and Exhibits