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Herbalife Announces Results of Study on Distributors and End Users in the U.S.
Study Finds That 3.3% of U.S. Adults, or 7.9 Million, Have Purchased Herbalife Products for Personal Use within Past Three Months
Company Appoints New Vice President of Consumer & Distributor Insights
Conducted online during April and May of 2013, the survey was completed
without intervention from
According to the research, 3.3% of the general population reported that
they had purchased
"This survey, conducted by one of the world's most respected research
organizations, confirms what we at
Additional findings from the market research include2:
-
Past three month purchasers also claim to purchase
Herbalife at a mean rate of every 2.2 months. -
Weight Management is the most commonly purchased type of
Herbalife product for personal use, with 95 percent of past three monthHerbalife purchasers claiming to have bought this type of product.
Johnson concluded, "We believe the results of this study substantiate
our belief that many of those who attack our model lack a clear
understanding of the direct selling industry, and
Herbalife Names Vice President of Consumer & Distributor Insights
Ms. Wood joins
Ms. Wood received a BS in Education from the
About
FORWARD-LOOKING STATEMENTS
Although we believe that the expectations reflected in any of our
forward-looking statements are reasonable, actual results could differ
materially from those projected or assumed in any of our forward-looking
statements. Our future financial condition and results of operations, as
well as any forward-looking statements, are subject to change and to
inherent risks and uncertainties, such as those disclosed or
incorporated by reference in our filings with the
• the resignation of our former independent registered public accounting firm, its withdrawal of its audit reports with respect to certain of our historical financial statements, and any difficulties we encounter engaging a successor accounting firm;
• any collateral impact resulting from the ongoing worldwide financial environment including the availability of liquidity to us, our customers and our suppliers or the willingness of our customers to purchase products in a difficult economic environment;
• our relationship with, and our ability to influence the actions of, our distributors;
• improper action by our employees or distributors in violation of applicable law;
• adverse publicity associated with our products or network marketing organization, including our ability to comfort the marketplace and regulators regarding our compliance with applicable laws;
• changing consumer preferences and demands;
• our reliance upon, or the loss or departure of any member of, our senior management team which could negatively impact our distributor relations and operating results;
• the competitive nature of our business;
• regulatory matters governing our products, including potential governmental or regulatory actions concerning the safety or efficacy of our products and network marketing program, including the direct selling market in which we operate;
• legal challenges to our network marketing program;
• risks associated with operating internationally and the effect of
economic factors, including foreign exchange, inflation, disruptions or
conflicts with our third party importers, pricing and currency
devaluation risks, especially in countries such as
• uncertainties relating to the application of transfer pricing, duties, value added taxes, and other tax regulations, and changes thereto;
• uncertainties relating to interpretation and enforcement of
legislation in
• our inability to obtain the necessary licenses to expand our direct
selling business in
• adverse changes in the Chinese economy, Chinese legal system or Chinese governmental policies;
• our dependence on increased penetration of existing markets;
• contractual limitations on our ability to expand our business;
• our reliance on our information technology infrastructure and outside manufacturers;
• the sufficiency of trademarks and other intellectual property rights;
• product concentration;
• changes in tax laws, treaties or regulations, or their interpretation;
• taxation relating to our distributors;
• product liability claims;
• whether we will purchase any of our shares in the open markets or otherwise; and
• share price volatility related to, among other things, speculative trading and certain traders shorting our common shares.
We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.
1 The Nielsen study found that 87 percent of the 349
respondents (out of 10,525 total respondents) who purchased
2 Data collected among 349 respondents (out of 10,525 total
respondents) who claim to have purchased
SVP,
or
VP,
Investor Relations
Source:
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