Herbalife Reports Q2 Net Sales Near Guidance Midpoint; Q2 Adjusted EBITDA 1 Exceeds Guidance; Raises Net Sales and Adjusted EBITDA 1 Full-Year Guidance Highlights MultiBurn Launch and Unveiling of Beta Version of Pro2col

Q2 Net Sales Near Guidance Midpoint;

Q2 Adjusted EBITDA1 Exceeds

Raises Net Sales and Adjusted EBITDA1 Full-Year Guidance

Highlights MultiBurn Launch and Unveiling

of Beta Version of Pro2col App

and Healthy Lifespan Supplement

LOS ANGELES, August 6, 2025 - Herbalife Ltd. (NYSE: HLF)

today reported financial results for the second quarter ended June 30, 2025:

Management Commentary

Herbalife reported second quarter 2025 net sales of $1.3 billion, down

1.7% year-over-year, including 170 basis points of foreign currency headwinds. On a constant currency basis2, net sales were

flat year-over-year.

Second quarter gross profit margin increased to 78.0% compared to 77.9%

in the second quarter of 2024. On a year-over-year basis, gross profit margin primarily benefited from approximately 70 basis points of

pricing and approximately 20 basis points from lower inventory write-downs, partially offset by approximately 60 basis points of foreign

currency headwinds and 10 basis points of input cost inflation.

For the quarter, net income attributable to Herbalife was $49.3 million,

with net income margin of 3.9% and adjusted net income1 of $60.5 million. Adjusted EBITDA1 of $173.6 million includes

approximately $16 million of foreign currency headwinds year-over-year, with adjusted EBITDA1 margin of 13.8%, down 30 basis

points versus the second quarter of 2024. Diluted EPS was $0.48, with adjusted diluted EPS1 of $0.59, which includes a $0.11

year-over-year foreign currency headwind.

Net cash provided by operating activities was $96.0 million and $96.2

million for the three and six months ended June 30, 2025, respectively. Capital expenditures were $22.8 million and $41.1 million for

the three and six months ended June 30, 2025, respectively, and capitalized SaaS implementation costs were approximately $4 million and

$9 million, respectively. The Company expects to incur total capitalized SaaS implementation costs of approximately $25 million to $30

million for the full year of 2025, which are not included in capital expenditures.

As previously disclosed, in June 2025 the Company redeemed $50.0 million

aggregate principal amount of the 7.875% Senior Notes due 2025 ("2025 Notes") for an aggregate purchase price of $51.3 million,

which included $1.3 million of accrued and unpaid interest. As of June 30, the outstanding principal balance of the 2025 Notes was $147.3

million and is due in September 2025. In addition, the Company's revolving credit facility was undrawn as of June 30.

"Net sales were in line with our expectations, while adjusted

EBITDA1 exceeded our expectations," said John DeSimone, Chief Financial Officer. "We continue to execute with financial

discipline and remain firmly on track to reduce our outstanding debt to $1.4 billion by the end of 2028."

The Company's distributor growth initiatives drove continued

engagement in the second quarter, supported by the global launch of the all-new Herbalife Flex45 Challenge - a distributor engagement

program centered on health, product use, personal development and business fundamentals - and sustained momentum from the Herbalife

Premier League training and recognition program, initially launched at the end of the first quarter of 2024. This program drove four consecutive

quarters of double-digit year-over-year growth in new distributors joining Herbalife worldwide through the first quarter of 2025. As expected,

the second quarter faced a more challenging year-over-year comparison, reflecting both the anniversary of the Herbalife Premier League

program's launch and the program's strong early momentum, marked by particularly high commitment and activity during April

2024. While the number of distributors joining worldwide in the second quarter was flat year-over-year, four of the Company's five

regions reported year-over-year growth in new distributors, led by Latin America, up 16% year-over-year.

In May, June and July, approximately 37,700 attendees convened at Extravaganza

training events in Hong Kong, Chile and the U.S., respectively. Just ahead of the Extravaganza in Chile, the Diamond Development Mastermind

Program, an ongoing training and accountability program led by CEO Stephan Gratziani and supported by Eric Worre, network marketing industry

leader and coach, was expanded to the South and Central America markets. Since the launch of the program in the U.S. in August 2024, approximately

8,900 distributors and service providers have committed to the program. The program will be expanded to India in August 2025, with additional

markets to follow in 2026.

In July, the Company announced the launch of MultiBurn - a next-generation,

multi-action weight-loss supplement designed with clinically studied botanical extracts to support key areas of metabolic health*. As

many consumers continue to seek pharmaceutical weight-loss solutions, the Company believes MultiBurn, with science-backed ingredients,

offers an innovative, non-pharmaceutical approach. MultiBurn is available in the U.S. and will be launching in Puerto Rico in September

2025. In addition, the Company is now offering U.S. customers and preferred members the option to subscribe to automatic monthly deliveries

of various products, including MultiBurn.

Also in July, at the North America Extravaganza, the Company unveiled

the beta version of its new Pro2col health and wellness digital platform, referred to as Pro2col Beta1 ("1"

representing the beta version). Eligible distributors who participated in the event had the opportunity to gain early access to the beta

version of the app with the purchase of a 60-day supply of an early release of a healthy lifespan supplement formulated with Niagen .

The product name will be revealed at the time of the commercial launch in the U.S. and Puerto Rico, planned for the fourth quarter of

Over 7,000 distributors are engaged in this initial beta release, and

the Company looks forward to gathering valuable feedback from distributors ahead of the commercial release in the U.S. and Puerto Rico

planned for the fourth quarter of 2025, with additional markets to follow beginning in 2026.

"We delivered solid second-quarter results and raised our full-year

net sales and adjusted EBITDA1 guidance," said Stephan Gratziani. "With the launch of MultiBurn , the beta

unveiling of our AI-assisted Pro2col app and the early release of our first healthy lifespan supplement, we're taking bold

steps that reinforce our commitment to innovation, transformative growth and long-term value creation."

* These statements have not been evaluated by the Food and Drug Administration.

This product is not intended to diagnose, treat, cure or prevent any disease.

Second Quarter and Year to Date 2025

Regional Net Sales and Foreign Exchange ("FX") Impact

Third Quarter 2025 Guidance

Full-Year 2025 Guidance - REVISED

Guidance Assumptions

Earnings Webcast and Conference Call

Herbalife's senior management team will host an audio webcast

and conference call to discuss its second quarter 2025 financial results on Wednesday, August 6, 2025, at 5:30 p.m. ET (2:30 p.m. PT).

The audio webcast will be available at the following link: https://edge.media-server.com/mmc/p/2syhpnp7

Participants joining via the conference call may obtain the dial-in

information and personal PIN to access the call by registering at the following link:

Senior management also plans to reference slides during the webcast

and call, which will be available under the Investor Relations section of Herbalife's website at https://ir.herbalife.com, where

financial and other information is posted from time to time. The webcast will also be available at the same website, along with

a replay of the webcast following the completion of the event and for 12 months thereafter.

About Herbalife Ltd.

Herbalife (NYSE: HLF) is a premier

health and wellness company, community and platform that has been changing people's lives with great nutrition products and a business

opportunity for its independent distributors since 1980. The Company offers science-backed products to consumers in more than 90 markets

through entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace

a healthier, more active lifestyle to live their best life.

For more information, visit https://ir.herbalife.com.

Vice President, Global Corporate Communications

Vice President, Head of Investor Relations