Herbalife sees big jump in Q2 volume points, highest on record
On a preliminary basis, Herbalife (NYSE:HLF) expects ~1.7B volume points, up 12.4% from a year ago and the largest volume point quarter in its history.
The biggest jumps occurred in North America (+38.5%), EMEA (Europe, Middle East, Africa) (20.9%) and China (+17.7%).
On another note, it has launched a self-tender offer for up to $750M of its common shares at per-share prices of $44.75 - 50.00. The offer will expire at 5:00 pm ET on August 11 unless extended.
Shares up 5% premarket on light volume.