This article was originally published in The Tan Sheet
U.S. retail sales jumped 9.6% to $116.7 mil. in the second quarter. Overall, the international dietary supplement company's net sales increased 4.6% to $236.8 mil., while net income declined 4.4% to $11.7 mil. Six-month net sales rose 6.2% to $480.7 mil. Due to a failed attempt by its late president and CEO Mark Hughes to take the company private, Herbalife was charged a one-time fee of $9.5 mil. in the first quarter; subsequently, net income decreased over 26% to $17.6 mil. for the six months. In Asia and the Pacific Rim, retail sales for the quarter increased 7.1% to $179.2 mil.; revenues in European markets were down 12.8% to $106.3 mil
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