The US network marketing heavyweight Herbalife is increasing its forecast for the current fiscal year 2021. At the same time, the company reports record sales for the first quarter.
Net sales for the first quarter of 2021 were $ 1.5 billion, an increase of 18.9 % over the first quarter of 2020. Five out of six regions reported year-on-year sales growth in the first quarter. Global net sales in March set a record for a single month.
North America, Asia Pacific and EMEA, grew more than 20 %. In India in particular, Herbalife posted a new sales record for the third straight quarter with year-over-year growth of 37%.
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