Financial Performance
Herbalife was founded in 1980 by Mark Hughes following the tragic loss of his mother through complications resulting from prescription drugs taken to lose weight. Because of this tragedy, young Mark resolved to find a safe way for people to lose weight. His dream of helping people look better, feel better, and get better around the globe is coming true. Herbalife is now providing nutritional solutions in 62 countries (as of August 2006) and in 2005 enjoyed gross revenues of $2.5 Billion. Herbalife’s growth in the second quarter of 2006 is @ 20%. The company is anticipating $3 Billion in gross revenues in 2006.
Herbalife (HLF) became a publicly traded company listed on the New York Stock Exchange on December 16, 2004. Membership in the Exchange is an honor reserved for companies with the highest standards and integrity. The credibility and prestige that come along with this new public status are of tremendous benefit to Herbalife distributors, shareholders and employees alike.
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