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Herbalife Tops $1 Billion.
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The Los Angeles-based Herbalire International Inc. (Nasdaq:HERB) reported in February that it achieved record retail sales of $1,200,144,000, net sales of $631,935,000 and significantly improved earnings for 1996, which more than doubled from 1995. Net income for the 1996 fourth quarter increased to $13,830,000, or $0.42 per share (fully diluted), up 175 percent from $5,037,000, or $0.17 per share, in the corresponding period a year ago.

Net income more than doubled in 1996 to $44,791,000, or $1.38 per share, from $19,728,000; or $0.65 per share, in 1995. Net sales for the year rose 29 percent to $631,935,000, over $489,004,000 in 1995, while retail sales advanced to a record $1,200,144,000, compared with $923,644,000 in the prior year.

Major factors contributing to the company's full-year results include retail sales in the Asia/Pacific Rim region, principally Japan, of $378,785,000 in 1996 vs. $143,494,000 in 1995, an increase of 164 percent. Sales in Europe in 1996 were $431,347,000, 15 percent increase over 1995 sales of $373,946,000, reflecting strong retail sales in Russia and Poland. The Americas region was down four percent from 1995.

Herbalife International markets weight-management products, nutritional, food and dietary supplements, and personal care products in 34 countries worldwide. Herbalife products are available only through a network of independent distributors and distributor supervisors who purchase the products directly from the company.

[Press release. Business Wire. Feb. 18, 1997.]

Article copyright American Botanical Council.