Herbalife Nutrition Announces $400 Million Investment in Key Digital Transformation Growth Initiative

LOS ANGELES–(BUSINESS WIRE)–Herbalife Nutrition, a premier world diet firm, at present introduced Herbalife One, a brand new digital transformation initiative centered round launching a single platform that creates a simplified and built-in expertise for distributors and their prospects around the globe. As a key driver for future progress goals, the Herbalife One platform might be constructed round new applied sciences and streamlined processes, leading to larger efficiencies and productiveness.

“We are excited to announce the board’s approval to proceed with our new digital transformation platform, the biggest single funding within the firm’s historical past,” stated John Agwunobi, Chairman and CEO of Herbalife Nutrition. “The design of this new seamless platform expertise is a results of intensive collaboration with our distributors to determine a know-how that may allow our future progress, by delivering a best-in-class digital expertise for all distributors and their prospects.”

The funding of over $400 million consists of an incremental expenditure of as much as $250 million over the subsequent three years.

Herbalife One might be constructed utilizing a contemporary and versatile structure method integrating deep knowledge analytics and insights, elevated efficiency, and excessive speed-to-market deployment of future updates. More than a dozen key digital enhancements to be carried out embrace new distributor sign-ups, onboarding and coaching, wellness content material accessibility, new procuring instruments, and new group teaching and help instruments, amongst others.

For extra data, please go to IAmHerbalifeNutrition.com and observe @Herbalife.

About Herbalife Nutrition Ltd.

Herbalife Nutrition (NYSE: HLF) is a world diet firm that has been altering folks’s lives with nice diet merchandise and a enterprise alternative for its unbiased distributors since 1980. The Company provides science-backed merchandise to shoppers in 95 markets by entrepreneurial distributors who present one-on-one teaching and a supportive group that evokes their prospects to embrace a more healthy, extra lively way of life. Through the Company’s dedication to nourish folks, communities and our planet, Herbalife Nutrition pledges to realize 50 million optimistic impacts – tangible acts of fine – by 2030, its fiftieth anniversary.

Herbalife Nutrition additionally encourages buyers to go to its investor relations web site at ir.herbalife.com as monetary and different data is posted.

Forward-Looking Statements

This launch accommodates “forward-looking statements” throughout the that means of the secure harbor provisions of the Private Securities Litigation Reform Act of 1995. Although we consider that the expectations mirrored in any of our forward-looking statements are affordable, precise outcomes or outcomes might differ materially from these projected or assumed in any of our forward-looking statements. Our future monetary situation and outcomes of operations, in addition to any forward-looking statements, are topic to vary and to inherent dangers and uncertainties, lots of that are past our management. Additionally, many of those dangers and uncertainties are, and should proceed to be, amplified by the COVID-19 pandemic. Important components that might trigger our precise outcomes, efficiency and achievements, or business outcomes to vary materially from estimates or projections contained in or implied by our forward-looking statements embrace the next:

• the potential impacts of the COVID-19 pandemic and present world financial situations, together with inflation, on us; our Members, prospects, and provide chain; and the world economic system;
• our skill to draw and retain Members;
• our relationship with, and our skill to affect the actions of, our Members;
• our noncompliance with, or improper motion by our staff or Members in violation of, relevant U.S. and overseas legal guidelines, guidelines, and laws;
• antagonistic publicity related to our Company or the direct-selling business, together with our skill to consolation {the marketplace} and regulators relating to our compliance with relevant legal guidelines;
• altering client preferences and calls for and evolving business requirements, together with with respect to local weather change, sustainability, and different environmental, social, and governance, or ESG, issues;
• the aggressive nature of our enterprise and business;
• authorized and regulatory issues, together with regulatory actions regarding, or authorized challenges to, our merchandise or community advertising and marketing program and product legal responsibility claims;
• the Consent Order entered into with the FTC, the consequences thereof and any failure to conform therewith;
• dangers related to working internationally and in China;
• our skill to execute our progress and different strategic initiatives, together with implementation of our transformation program and elevated penetration of our current markets;
• any materials disruption to our enterprise brought on by pure disasters, different catastrophic occasions, acts of warfare or terrorism, together with the warfare in Ukraine, cybersecurity incidents, pandemics, and/or different acts by third events;
• our skill to adequately supply components, packaging supplies, and different uncooked supplies and manufacture and distribute our merchandise;
• our reliance on our data know-how infrastructure;
• noncompliance by us or our Members with any privateness legal guidelines, guidelines, or laws or any safety breach involving the misappropriation, loss, or different unauthorized use or disclosure of confidential data;
• contractual limitations on our skill to broaden or change our direct-selling enterprise mannequin;
• the sufficiency of our logos and different mental property;
• product focus;
• our reliance upon, or the loss or departure of any member of, our senior administration group;
• restrictions imposed by covenants within the agreements governing our indebtedness;
• dangers associated to our convertible notes;
• modifications in, and uncertainties referring to, the appliance of switch pricing, earnings tax, customs duties, worth added taxes, and different tax legal guidelines, treaties, and laws, or their interpretation;
• our incorporation underneath the legal guidelines of the Cayman Islands; and
• share worth volatility associated to, amongst different issues, speculative buying and selling and sure merchants shorting our frequent shares.

We don’t undertake any obligation to replace or launch any revisions to any forward-looking assertion or to report any occasions or circumstances after the date hereof or to replicate the incidence of unanticipated occasions, besides as required by regulation.