Herbalife reported its financial results for the fourth quarter and full year 2024. Net sales in the fourth quarter were $1.2 billion while net income was $177.9 million. Adjusted EBITDA during the quarter was $150 million, which exceeded guidance. New distributors joining Herbalife increased worldwide by 22% year-over-year in the quarter.
Net sales for the full year 2024 were $5 billion, which was a 1.4% decline from 2023, but at the high end of the company’s guidance range. Adjusted EBITDA was $634.8 million.
The company’s Restructuring Program, which was launched in the first quarter of 2024, is expected to deliver annual savings of $80 million beginning in 2025. Additionally, the company announced that Stephan Gratziani would succeed Michael Johnson as CEO. Johnson will now transition to Executive Chairman and Rob Levy will be appointed President, Worldwide Markets.
“With three consecutive quarters of new distributor growth, a new incoming CEO and significantly improved Adjusted EBITDA margins, we enter 2025 with strong momentum,” Johnson said.
The company described 2024 as a “transformative year for Herbalife” and said its strong margin improvement and progress in debt payment has positioned the company to deliver long-term shareholder value.
