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/FIRST AND FINAL ADD -- LA004 -- HERBALIFE PROFITS/

        /FIRST AND FINAL ADD -- LA004 -- HERBALIFE PROFITS/
     HERBALIFE INTERNATIONAL INC. AND CONSOLIDATED SUBSIDIARIES
                     Consolidated Balance Sheets
                                      Sept. 30,        Dec. 31,
                                        1991            1990
                                    (Unaudited)
      Assets
      Current assets:
    Cash and cash equivalents        $8,656,000      $2,822,000
    Receivables                       3,760,000         553,000
    Inventories                      11,395,000       5,443,000
    Prepaid expense and
     other current assets               669,000         689,000
    Deferred income taxes             2,300,000            ---
    Total current assets             26,780,000       9,507,000
    Property - at cost               21,654,000      21,748,000
    Less accumulated
     depreciation and amortization  (19,875,000)    (19,945,000)
    Total                             1,779,000       1,803,000
    Other assets                         58,000          40,000
    Goodwill (Net of accumulated
     amortization of $530,000 and
     $461,000 in 1991 and 1990
     respectively)                    3,155,000       3,224,000
    Total                           $31,772,000     $14,574,000
      Liabilities and Shareholders' Equity
      Current Liabilities:
    Accounts payable                $10,773,000      $4,927,000
    Royalty overrides                 5,953,000       2,264,000
    Accrued expenses                  1,479,000       1,504,000
    Current portion of
     bank loans and
     contracts payable                  117,000         752,000
    Due to retired partners           1,787,000       2,603,000
    Advance sales deposits            1,563,000         216,000
    Income taxes                      2,581,000             ---
    Other current liabilities           238,000         327,000
    Total current liabilities        24,491,000      12,593,000
    Bank loans & contracts payable --
     Net of current portion             368,000         356,000
      Shareholders's Equity:
    12 percent senior convertible
     preferred stock, $1.00 par
     value; authorized 100,000,000
     shares, issued and outstanding
     1,796,107 shares (Liquidation
     preference $11,387,000)          X,XXX,XXX       1,796,000
    Common stock $.01 par value;
     authorized 100,000,000 shares,
     issued 20,429,760 shares
     in 1991 and 1990                   204,000         204,000
    Paid-in capital in excess
     of par value                       101,000             ---
    Retained earnings (includes
     translation adjustment)          4,839,000        (342,000)
    Less: Treasury stock,
     at cost, 43,250 shares             (11,000)        (11,000)
    Notes issued for stock              (16,000)        (22,000)
    Total shareholders' equity        6,913,000       1,625,000
    Total                           $31,772,000     $14,574,000
     HERBALIFE INTERNATIONAL INC. AND CONSOLIDATED SUBSIDIARIES
                Consolidated Statements of Operations
                (In thousands except per share data)
                             (Unaudited)
                        Three months ended        Nine months ended
                      Sept. 30,    Sept. 30,   Sept. 30,    Sept. 30,
                        1991         1990        1991         1990
    Retail sales      $52,774      $33,989     $139,077      $106,376
    Less: Distributor
     allowances
     on product
     purchases         24,423       15,729      64,084        49,412
    Net sales          28,351       18,260      74,993        56,964
    License income         35           41         111           134
    Cost of sales       9,062        5,875      25,448        19,235
    Royalty overrides   7,402        5,168      20,654        15,156
    Operating margin   11,922        7,258      29,002        22,707
    Selling, general and
     administrative
     expenses           8,659        7,550      22,670        22,445
       Total            3,263         (292)      6,332           262
    Interest income
     (expense) - net       14          (25)         20          (108)
    Income (loss) before
     income taxes       3,277         (317)      6,352           154
    Income taxes          311          149       1,224           480
    Net income (loss)  $2,966        ($466)     $5,128         ($326)
    Primary earnings
     (loss) per share   $0.14       ($0.02)      $0.24        ($0.02)
    Fully diluted
     earnings per
     share              $0.12                    $0.20
    -0-       11/14/91 AA LA004
    /CONTACT:  Christopher Pair of Herbalife International, 213-410-9600, ext. 2622/
    (HERB) CO:  Herbalife International Inc. ST:  California IN:  MTC SU:  ERN CH -- LA004X -- 4483 11/14/91 13:31 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 14, 1991
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