Herbalife Announces $250 Million Share Repurchase Program
Herbalife Ltd. (NYSE:HLF) saw its shares climb 5% on Tuesday after the company disclosed a new $250 million share buyback authorized by its Board of Directors. The repurchase program is slated to run over a three‑year horizon and permits the company to acquire its outstanding common stock through open‑market purchases, privately negotiated transactions, and accelerated share repurchase agreements.
Chief Financial Officer John DeSimone stated that the company’s strong financial profile and free‑cash‑flow generation provide significant flexibility to invest in the business, maintain a robust balance sheet, and return capital to shareholders. He added that, given confidence in the long‑term outlook and current share valuation, repurchasing stock represents a compelling use of capital and an opportunity to enhance long‑term shareholder returns.
Herbalife emphasized that the buyback aligns with a balanced capital allocation strategy focused on organic growth initiatives, strategic opportunities, preserving financial flexibility, and returning excess capital to shareholders. The timing, manner, and amount of repurchases will be guided by market conditions, share price, available liquidity, and alternative capital uses. The program does not obligate the company to acquire any specific amount of stock and may be suspended, modified, or discontinued at any time.