Herbalife China: RMB Appreciation Tailwind for All MNCs; Fundamental Slowdown Irreversible
China is about ~20% of HLF global sales. We have been stunned by the incredible disconnect between the stock’s incredible overperformance (~50%...
319 Views
Herbalife China: Q1 VP Down ~25% YoY, New Cash Bonus Policy to Retain Distributors
According to our surveys of Herbalife Ltd (HLF US) China distributors, we estimate that volume points declined by ~25% and ~10% year-over-year in...
388 Views
Herbalife China: Sales Collapsed in January; Government Opening Investigation
According to our Herbalife Ltd (HLF US) distributor checks in North, South, Center and East China, HLF China sales dramatically declined by ~20% in...
798 Views
Herbalife China in Transition: 2017 Review
2017 was a challenging year for Herbalife Ltd (HLF US) China, a market that generates ~30% of the entire company's revenue. The formal CEO Jerry...
398 Views
Herbalife China Q4: New Policy in Favor of New Recruits
On November 11th, three weeks after the company’s annual outing in Thailand, Herbalife Ltd (HLF US) China announced a couple of new policies...
382 Views