2024-02-14 22:01:02 ET
Herbalife Ltd. (HLF)
Q4 2023 Earnings Conference Call
February 14, 2024 05:30 PM ET
Company Participants
Erin Banyas - Vice President, Head of Investor Relations
Michael O. Johnson - Chairman and Chief Executive Officer
Stephan Gratziani - Chief Strategy Officer
Alex Amezquita - Chief Financial Officer
Conference Call Participants
Chasen Bender - Citi
Rob Rigby - Bank of America
John Baumgartner - Mizuho Securities
Linda Bolton Weiser - D.A. Davidson
Jeff Van Sinderen - B. Riley
Anna Lizzul - Bank of America
Hale Holden - Barclays
Doug Lane - Water Tower Research
Presentation
Operator
Good afternoon, and thank you for joining the Fourth Quarter and Full Year 2023 Earnings Conference Call for Herbalife Ltd. [Operator Instructions] As a reminder, today's conference is being recorded.
I would now like to turn the call over to Erin Banyas, Vice President and Head of Investor Relations, to begin today's call.
Erin Banyas
Thank you, Towanda, and good afternoon, good evening, everyone. Joining us today are Michael Johnson, our Chairman and Chief Executive Officer; Stephan Gratziani, our President; and Alex Amezquita, our Chief Financial Officer.
Before we begin today's call, I would like to direct you to the cautionary statement regarding forward-looking statements on Page 2 of our presentation and in our earnings release issued earlier today, which are both available under the Investor Relations section of our website. The presentation and earnings release include a discussion of some of the more important factors that could cause results to differ from those expressed in any forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. As is customary, the content of today's call and presentation will be governed by this language.
In addition, during today's call, we will be discussing certain non-GAAP financial measures. These non-GAAP financial measures exclude certain unusual or nonrecurring items that management believes impact the comparability of the periods referenced. Please refer to our earnings release and presentation materials for additional information regarding these non-GAAP financial measures and the reconciliations to the most directly comparable GAAP measure.
And with that, I will now turn the call over to Chairman and CEO, Michael Johnson.
Michael O. Johnson
Thank you, Erin, and Happy Valentine's Day, everybody. You guys, when I returned to Herbalife in late 2022, we met in Cairo immediately. It was the first of November and we set out a vision for Herbalife, and that vision is to be the world's premier health and wellness company, community and platform. We are working on it and we're working towards it and the results are getting very exciting.
2023, though, was a very challenging year. We all know that. So we laid out a plan to have net sales growth by the fourth quarter, which we delivered. Our year-over-year net sales trend improved every quarter in 2023. We modernized our brand, we updated our look, and we modernized our digital atmosphere. We enhanced our data management and transactional capabilities. We launched new websites in markets representing 70% of our sales....
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Herbalife Ltd. (HLF) Q4 2023 Earnings Call Transcript