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Herbalife Ltd.
10/31/2022
Good afternoon, and thank you for joining the third quarter 2022 earnings conference call for Herbal Life Nutrition Limited. On the call today is Michael Johnson, the company's chairman and interim CEO, Alex Emescuido, the company's chief financial officer, and Eric Monroe, the company's senior director of investor relations. I would now like to turn the call over to Eric Monroe to read the company's safe harbor language.
Good afternoon. On today's call, we will be making some forward-looking statements. And while we are making these statements in good faith, we do not have any guarantee about the results we will achieve. Descriptions of our risk factors are included in the documents we filed with the SEC. We will also be discussing some non-GAAP financial measures. These non-GAAP and adjusted numbers refer to measures that exclude items management believes impact the comparability for the period reference. Please see the earnings release for additional information on our comparability items. These gap to non-gap reconciliations can be found in the earnings press release and the slides that we will be reviewing on today's call, both of which can be found on the investor relations section of our website. I will now turn the call over to Chairman and Interim CEO, Michael Johnson.
Thanks, Eric, and good afternoon, everyone, and thank you for joining us on the call today. It's great to be back on this call with you and to be stepping back into my former role as chairman and interim CEO. I'm honored to be in this role again for this great company that I am so passionate about. As interim CEO, my focus will be in two key areas. First, to rebuild sales momentum at Herbalife Nutrition. And second, succession management. I will be working closely with the board to help select and mentor the future leader of the company who will propel us towards the future. Since I left the CEO role in 2020, the progress we have made broadening our product portfolio, investing in our technology platform, and embarking on a transformation of our operational capabilities is truly remarkable. At the same time, we've had to navigate an unprecedented time in the world as global economies are impacted by the onset onset, persistence, and aftermath of a global pandemic. Herbalife Nutrition has not been immune to the dramatic ups and downs that companies and societies have faced during these times. However, over Herbalife Nutrition's 42-year history and my nearly 20 years as a company, we have overcome many similar challenges, including recessions and periods of economic uncertainty. This company's resilience is not only founded in the global megatrends that demand better nutrition around the world, but also in the economic opportunity that affords individuals the potential to supplement their income. We have seen how the entrepreneurial spirit of our distributors have developed new successful sales strategies in both good times and in tough times, as individuals look to the Herbalife Nutrition business opportunity for supplemental or even full-time income. As you know, I am extremely familiar and respectful of our incredibly capable leadership team, that we have overseen our strategies, and I'm confident that we're not going to miss a beat. I have been working closely for over a decade with our CFO, Alex Amosquita, Chief Operating Officer, Mark Shizzle, and, of course, my good friend and Executive Vice Chairman, John DeSimone, among others in this great management team. I'm incredibly proud of this team and their hard work and commitment to our goal of being the world's premier nutrition company. Let me turn the call over to Alex, who will give you details of our quarter.
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