Los Angeles-based Herbalife Nutrition Ltd. (NYSE: HLF) reported net sales of $1.2 billion for the first quarter ended March 31, 2019.
The sales included growth in four of six regions—Asia Pacific, North America, EMEA and Mexico—and was approximately flat compared to first quarter 2018. Excluding China, net sales increased 6 percent compared to the first quarter 2018.
“In the first quarter of 2019, the momentum of our geographically diverse business continued with net sales growth in four of our six regions,” said Michael O. Johnson, chairman and CEO of Herbalife Nutrition. “We are confident that our strategies will drive volume growth in 2019.”
The company stated it was affected by the 100-day action taken by the Chinese government to review the health products industry, including a significant decrease in company and service provider meetings during the first quarter. Net sales in China for the first quarter were down 29 percent.
To read the full Herbalife Q1 2019 report, click here.