Herbalife Fuels ‘2.0’ Relaunch With Survey: 40% Of US Consumers Have Some Sort Of Second Job
Survey it commissioned shows 40% of US consumers turning to “side hustles” such as selling products for MLMs. Firm also launched 106 SKUs during the January-March period and has hired former Fiat Chrysler Automobiles exec as investors relations VP.
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Perrigo will note regulatory approval for Opill as first US OTC oral contraceptive in first earnings briefing with Patrick Lockwood-Taylor at helm. Other firsts in sector will be Kenvue’s 20 July results being its first since spin-out from J&J in May and Bausch + Lomb’s first quarterly results under CEO Saunders.
Direct seller announces relaunch after year-long sales slump blamed on macroeconomic inflationary pressures. No full-year guidance due to rapidly shifting macroeconomic environment and increased market volatility.
Michael Johnson previously was CEO from 2003 to 2017 and from 2019 to early 2020, as well as chairman from 2007 to early 2020. Direct seller granted him an equity-based long-term incentive plan in stock appreciation rights and restricted stock units.