Herbalife Ltd. (NYSE:HLF) Q2 2024 Earnings Conference Call July 31, 2024 5:30 PM ET

Company Participants

Erin Banyas - Vice President and Head of Investor Relations
Michael Johnson - Chairman and Chief Executive Officer
Stephan Gratziani - President
John DeSimone - Chief Financial Officer

Conference Call Participants

Jeff Van Sinderen - B. Riley Securities
Chasen Bender - Citigroup Inc.
Hale Holden - Barclays Bank PLC
Linda Bolton-Weiser - D.A. Davidson
John Baumgartner - Mizuho Securities
Karru Martinson - Jefferies LLC
William Reuter - Bank of America Merrill Lynch

Operator

Good afternoon, and thank you for joining the Second Quarter 2024 Earnings Conference Call for Herbalife Ltd. 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 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, and good afternoon, good evening, everyone. Joining us today are Michael Johnson, our Chairman and Chief Executive Officer; Stephan Gratziani, our President; and John DeSimone, 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 2 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 statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 the comparability of the periods referenced. Please refer to our earnings release and presentation materials for additional information regarding these non-GAAP financial 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 Johnson

Good afternoon and good evening, everyone, and thanks for joining us. Our financial foundation is strong and continues to improve. In the second quarter, we exceeded our adjusted EBITDA expectations. And while we missed our topline guidance, which was impacted by a higher-than-anticipated FX headwind, we are continuing to execute on our initiatives to drive topline growth.