Herbalife Nutrition Ltd. (NYSE:HLF) Q4 2022 Earnings Conference Call February 14, 2023 5:30 PM ET

Company Participants

Eric Monroe - Senior Director, IR

Michael O. Johnson - Chairman and CEO

John DeSimone - Chief Strategic Officer

Alex Amezquita - CFO

Conference Call Participants

Chasen Bender - Citi

Jeff Van Sinderen - B. Riley

Karru Martinson - Jefferies

Anna Lizzul - Bank of America

William Reuter - Bank of America

Hale Holden - Barclays

Operator

Good afternoon, and thank you for joining the Fourth Quarter and Full Year 2022 Earnings Conference Call for Herbalife Nutrition Limited. On the call today is Michael O. Johnson, the company's Chairman and CEO; Alex Amezquita, the company's Chief Financial Officer; John DeSimone, the company's Chief Strategic Officer; Mark Schissel, the company's Chief Operating Officer; and Eric Monroe, the company's Senior Director, Investor Relations.

I would now like to turn the call over to Eric Monroe to read the company's Safe Harbor language. You may begin.

Eric Monroe

Good afternoon. On today's call, we will be making some forward-looking statements. And while we are making these statements in good faith, we do not have any guarantee about the results we will achieve. Descriptions of our risk factors are included in the documents we filed with the SEC. We will also be discussing some non-GAAP financial measures.

These non-GAAP and adjusted numbers refer to measures that exclude items management believes impact the comparability for the period referenced. Please see the earnings release for additional information on our comparability items. These GAAP to non-GAAP reconciliations can be found in the earnings press release and the slides we will be reviewing on today's call, both of which can be found on the Investor Relations section of our Web site.

I will now turn the call over to Chairman and CEO, Michael Johnson.

Michael O. Johnson

Thanks, Eric, and welcome everyone, and I find a little bit ironic that I’m talking to you on Valentine's Day, my first day back with Herbalife after 2.5 years with on Halloween from coming to you on two American holidays. And now I’m going to give you a report in my first 100 days.

I started on October 31, and immediately jumped on a plane to Cairo, Egypt in November and we met with our distributor leaders, our Chairman's Club and Founder Circle. We did a follow-up meeting within Los Angeles in the first part of December to take action in the lift [ph] sales and to formulate a strategic plan for growth. We listened, we learned, we made decisions. We put a plan in place to modernize and relaunch Herbalife.