Health & Wellness Industry Earnings Roundup: Herbalife, Vitamin Shoppe, Church & Dwight
This article was originally published in The Rose Sheet
The firm reports nearly 10% growth to $272m in sales of vitamin, oral, skin and hair care, pregnancy tests, condoms, sexual lubricants and other consumer health and personal care products in its fiscal 2016 second-quarter.
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Despite a first-quarter slump, changes being implemented in Herbalife's North American operations, some required by under is 2016 settlement an FTC investigation, point to better results for the rest of 2017, the nutrition and weight loss supplement direct seller says.
William Ackman "may be a smart guy but … he’s developed a very bad case of 'Herbalife obsession'," says Carl Icahn. Herbalife, meanwhile, offers videos on Ackman's "motives."
In addition to imposing a $200m fine, the settlement requires the direct seller to determine compensation for its distributors based on actual retail sales, rather than on the number of additional distributors they bring into their networks, and to show at least 80% of its revenues are to end-users.