Herbalife Ltd. (NYSE:HLF) Q3 2024 Earnings Conference Call October 30, 2024 5:30 PM ET

Company Participants

Erin Banyas - VP & Head, IR
Michael Johnson - Chairman & CEO
Stephan Gratziani - President
John DeSimone - CFO

Conference Call Participants

Jeff Van Sinderen - B. Riley Securities
Chasen Bender - Citi
Hale Holden - Barclays
John Baumgartner - Mizuho Securities
Linda Bolton-Weiser - D.A. Davidson
Karru Martinson - Jefferies

Operator

Good afternoon and thank you for joining the Third 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 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. You may begin.

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

Greetings, everyone. Thank you for joining us on the call today.

We reinforced the strength of our financial foundation in the third quarter with both strong cash flows and adjusted EBITDA performance as we continue our journey to grow our sales. Our constant currency sales are basically flat. However, we are seeing positive trends in recruiting as we rebuild the base of our distributors and customers, which is giving us confidence for growth in the future.