Last week, direct selling industry giant Herbalife made a groundbreaking announcement. They reported their second quarter net sales of $1 billion, which is a 23 percent increase over the prior year. The net income they reported reflected an increase of 20 percent over the prior year.
The news of this record setting achievement answers critics of Herbalife, who have spent a good part of the last few years criticizing the company’s practices and its relationship to the direct selling industry.
In the announcement, Herbalife’s Chairman and CEO Michael O. Johnson said, “The broad strength of our business success continued throughout the second quarter with strong sales performance from each of our six regions, along with record earnings and strong cash flow. We believe the underlying drivers of our current business success, engaged distributors focused on globalizing daily consumption sales methods and products which are relevant for today’s global macro trends of obesity and an aging population, will continue to provide the catalyst for future growth.”
More information about Herbalife Investor Relations can be found at http://ir.herbalife.com/