This article was originally published in The Tan Sheet
Net sales for the third quarter were up 18.8% over the prior-year period to $476.4 mil., largely attributable to revenue increases in the U.S. (up 24.7%) and Mexico (up 66%), Herbalife announces Nov. 8. New products launched during the quarter included a water-mixable version of the Formula 1 protein drink and a reformulated version of the Garden 7 phytonutrient supplement. The firm opened five stores in China, bringing its presence in that country to 33 stores in 20 provinces. Greater China accounted for 7.6% of worldwide sales, contributing $36.2 mil. during the quarter. The company expects net sales growth of 18%-20% during the fourth quarter...
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