Herbalife reports a big sales increase of 22% for Q3 2020
You may have noticed that Herbalife is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about Herbalife, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting Herbalife as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about Herbalife in my Herbalife Review – now you can learn all you need to know about it.
Is Herbalife really a legit business?
Is Herbalife a safe business to join?
Let me show you in my review of Herbalife.
Get started by reading my review below.
Exactly What Is Herbalife?
Finding success with any business during 2020 is a challenge like no other. People’s spending is down, the way we live life has changed, and it’s resulted in a brand new struggle for everyone to adapt to.
This has resulted in some MLM businesses having a rough time this year, but that hasn’t been the case for all of them — a perfect example being Herbalife. The company just shared its Q3 2020 earnings report, and the numbers are looking pretty good.
For reported net sales, Herbalife had $1.5 billion. That’s a year-over-year increase of 22.3% when comparing it directly to Q3 2019. Looking at this from a bigger-picture standpoint, this represents the largest quarterly figure for sales that Herbalife has ever seen.
Herbalife also enjoyed a net sales increase of 25.1%, not counting the impact of new exchange rates with Venezuela. Volume points also hit 1.9 billion, or a 23.2% increase — another new record for Herbalife.
A few other points that stick out include:
- 10th consecutive quarter of YoY volume point growth
- Reached 16.4 million common shares with an aggregate cost of $800 million
- YoY volume point growth in all of the six regions that Herbalife operates
These are incredible numbers for Herbalife not even accounting for all the challenges brought with 2020, so the fact that the company hit these results this year is might impressive.
Q4 2020 looks to be just as strong for Herbalife, and we can’t wait to see what the final numbers are once they come in.
Is Herbalife A Scam?
If you have heard that Herbalife is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is Herbalife a scam?
I would say no. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My Herbalife Review
I definitely hope you have found value in my Review of Herbalife.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with Herbalife, make sure you take the time to learn how to market yourself!
My training below can help you with that.