Herbalife Ltd. (NYSE:HLF) Q3 2023 Earnings Call November 1, 2023 5:30 PM ET

Company Participants

Erin Banyas - Vice President, Head of Investor Relations

Michael O. Johnson - Chairman and Chief Executive Officer

Stephan Gratziani - Chief Strategy Officer

Alex Amezquita - Chief Financial Officer

Conference Call Participants

Chasen Bender - Citi

Jeff Van Sinderen - B. Riley

Linda Bolton Weiser - D.A. Davidson

Karru Martinson - Jefferies

Doug Lane - Water Tower Research

Operator

Good afternoon, and thank you for joining the Third Quarter 2023 Earnings Conference Call for Herbalife Limited.

During the company’s opening remarks, all participants will be in a listen-only mode. Following the opening remarks, we will conduct a question-and-answer session. As a reminder today's conference call is being recorded.

I would now like to turn the call over to Erin Banyas, Vice President and Head of Investor Relations, to begin today's call.

Erin Banyas

Thank you, Sherry, and good afternoon, good evening, everyone. Joining us today are Michael Johnson, our Chairman and Chief Executive Officer; Stephan Gratziani, our Chief Strategy Officer; and Alex Amezquita, our Chief Financial Officer.

Before we begin today's call, I would like to direct you to the cautionary statement regarding forward-looking statements on page two of our presentation and in our earnings release issued earlier today, which are both available under the Investor Relations section of our website.

The presentation and earnings release include a discussion of some of the more important factors that could cause results to differ from those expressed in any forward-looking statement within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934 as amended.

As is customary, the content of today's call and presentation will be governed by this language. In addition, during today's call, we will be discussing certain non-GAAP financial measures. These non-GAAP financial measures exclude certain unusual or non-recurring items that management believes impact comparability of the periods referenced. Please refer to our earnings release and presentation materials for additional information regarding these GAAP measures and the reconciliations to the most directly comparable GAAP measure.

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

Michael O. Johnson

Thank you, Erin, and good afternoon, and good evening, everyone. You know, it's been a year since I returned to Herbalife a company I believe in, and I am passionate about. Since my return, we've accomplished a lot. We modernized our brand, cast of vision for Herbalife 2.0 met with nearly 125,000 distributors at nine extravaganzas. We reached a key milestone launching our all new herbalife.com website, launched innovative products and our trends, they are improving.