Welcome to our dedicated page for Hain Celestial Group news (Ticker: HAIN), a resource for investors and traders seeking the latest updates and insights on Hain Celestial Group stock.
The Hain Celestial Group Inc (NASDAQ: HAIN), headquartered in Lake Success, NY, is a prominent player in the natural and organic food and personal care products sectors across North America and Europe. The company’s extensive product portfolio spans various categories, including snacks, beverages, baby food, meal preparation, and personal care. Hain Celestial is home to renowned brands such as Celestial Seasonings®, Terra®, Garden of Eatin’®, Earth’s Best®, and Alba Botanica®. These brands have earned a reputation for promoting healthier living through better-for-you products.
Hain Celestial’s strategic operations are focused on delivering high-quality, organic, and natural products. The company’s significant presence in the U.S. market, accounting for 55% of its fiscal 2022 sales, is complemented by its robust European operations, which contribute 26% of sales. Key international brands include Ella’s Kitchen® baby food, Linda McCartney’s® plant-based meats, and Hartley’s® jams and gelatins.
In recent developments, Hain Celestial has demonstrated commitment to its “Hain Reimagined” strategy, emphasizing growth through focused brand portfolios, operational efficiency, and innovation. Notable achievements include the appointment of Amber Jefferson as Chief People Officer and the sale of its Thinsters® cookie business to streamline operations. On January 4, 2024, the company celebrated its 30th anniversary on NASDAQ, underscoring its long-standing impact in the health and wellness sector.
The company’s financial health is backed by strategic divestitures and operational enhancements aimed at reducing debt and driving growth. Hain Celestial continues to optimize its supply chain and streamline its product offerings to focus on core categories, thereby boosting its market position and profitability.
Hain Celestial's products are widely available across traditional grocery stores, natural food supermarkets, specialty health stores, mass-market retailers, club warehouses, drugstores, convenience stores, restaurants, and e-commerce platforms. This extensive distribution network ensures accessibility to consumers seeking healthier lifestyle choices.
Hain Celestial (Nasdaq: HAIN) has opened its new Innovation Experience Center (IEC) at its Global Headquarters in Hoboken, N.J. The 2,200-square-foot working kitchen is designed to be a hub for product development, ingredient testing, and quality reviews. The facility features two distinct areas: one for hands-on product development and another for customer and partner sensory experiences.
The IEC will support development across Hain's snacks, baby/kids, beverages, meal prep and personal care brands. During the grand opening, the company showcased innovations from brands including Garden Veggie™ Snacks, Earth's Best®, Celestial Seasonings®, Natumi®, Spectrum®, and Avalon Organics®. The center complements Hain's existing R&D labs at its global manufacturing facilities.
The Hain Celestial Group (Nasdaq: HAIN) showcased its commitment to community service through various volunteer initiatives across North America and the United Kingdom. The company's teams engaged in multiple charitable activities, including:
- Supporting the Northwest Arkansas Children's Shelter with product donations and holiday decorations
- Conservation work at the Royal Society for the Protection of Birds' Otmoor Nature Reserve
- Preparing NICU care packages for Ronald McDonald House New York
- Supporting FareShare in the UK with 180 volunteer hours and packing 350+ food orders
- Teaching cooking classes to over 5,000 children through Cook School
- Participating in environmental conservation efforts including beach cleanups
Hain Celestial Group (Nasdaq: HAIN) has announced its participation in two upcoming investor conferences in November 2024. CFO Lee Boyce will host investor meetings at the Jefferies Miami Consumer Conference on November 19. The following day, CEO Wendy Davidson will participate in a fireside chat at 10:00 a.m. C.T. and host investor meetings at the Stephens Annual Investment Conference.
The fireside chat will be accessible via live webcast through Hain's corporate website under the 'Investors' section, with a replay available for 90 days.
Hain Celestial Group (Nasdaq: HAIN) reported its fiscal first quarter 2025 financial results, ending September 30, 2024. Net sales were $395 million, down 7% year-over-year, with organic net sales decreasing by 5%. Gross profit margin increased by 90 basis points to 20.7%. The net loss was $20 million, a rise from the $10 million loss in the prior year. Adjusted EBITDA was $22 million, slightly lower than $24 million from the previous year. Cash flow from operations was negative $11 million, and free cash flow was negative $17 million. Total debt decreased to $740 million, with a net secured leverage ratio of 3.9x.
North America saw a 6% decline in organic net sales, driven by lower snack sales due to a promotional timing shift. International sales fell by 3%, mainly in meal prep and baby & kids categories. Despite these declines, the company reaffirmed its fiscal 2025 guidance, expecting flat or better organic net sales growth, mid-single-digit adjusted EBITDA growth, and at least $60 million in free cash flow.
Celestial Seasonings, the leading herbal tea brand under Hain Celestial Group (HAIN), has launched two new Non-GMO Project verified teas. The first is Lemon Honey Drop, a caffeine-free herbal tea containing 10% daily value of vitamin C, combining honey and lemon flavors. The second is Sleepytime® Biotin Beauty Rest, featuring the classic Sleepytime® blend enhanced with biotin (vitamin B7). The new products are available nationwide at retailers including Amazon, Kroger, and Walmart, priced at $3.59 and $4.99 respectively.
Celestial Seasonings, part of Hain Celestial Group (HAIN), launches its new 'Taste Our World' marketing campaign, showcasing the brand's 50-year legacy in specialty tea production. The campaign highlights the journey from seed to sip, featuring popular varieties like Cinnamon Apple Spice, Sleepytime Extra, and Raspberry Zinger. The creative content emphasizes the brand's global ingredient sourcing, Boulder-based blending facility, and commitment to quality. With over 90 tea varieties, Celestial Seasonings maintains eco-friendly practices, using recyclable packaging and avoiding unnecessary packaging elements like strings and tags.
Hain Celestial Group (Nasdaq: HAIN), a leading global health and wellness company, has announced its plans to release fiscal first quarter 2025 financial results on Thursday, November 7, 2024, before the market opens. The company will host a conference call and webcast at 8:00 AM ET to discuss the results.
Key participants in the call will be Wendy Davidson, President and CEO, and Lee Boyce, CFO. The call will include prepared remarks followed by a Q&A session with covering analysts. While the press and public can listen to the Q&A, participation will be in listen-only mode.
Investors and analysts can access the call by dialing 800-717-1738 or 646-307-1865. The webcast and presentation will be available on the company's website at www.hain.com under the Investors section. A replay will be accessible until November 14, 2024, by dialing 844-512-2921 or 412-317-6671 with the conference ID: 1144700.
Hain Celestial Group (Nasdaq: HAIN) is launching a range of seasonal, better-for-you snacks and beverages for fall. The lineup includes:
- Garden Veggie Snacks™ Apple Straws
- Terra® Vegetable Chips Spiced Sweets & Apples
- Earth's Best® Sunny Days Snack Bars® in Apple flavor
- Greek Gods® Honey Yogurt
- Celestial Seasonings® Cinnamon Apple Spice herbal tea
- Imagine® Garden Tomato Creamy Soup
- Earth's Best Organic® Immune Support Yogurt Smoothie
- Celestial Seasonings® Sleepytime® Immune Support tea
These products are available at major retailers like Walmart, Amazon, and Target, as well as local and specialty shops.
Hain Celestial Group (Nasdaq: HAIN) has completed the sale of its ParmCrisps® snack brand to Our Home, an independent wholesome snacks company. This strategic move aims to optimize Hain's better-for-you portfolio and streamline its supply chain for improved operational efficiency and margin expansion. The proceeds from the sale will be used to reduce company debt.
This divestment aligns with Hain's Hain Reimagined transformation strategy, which focuses on accelerating growth in key brands across various categories. The company has also sold other brands like Thinsters® and Queen Helene® as part of this initiative. The sale of ParmCrisps will help reduce Hain's manufacturing footprint and simplify its co-manufacturer network and vendor base.
Hain Celestial Group (Nasdaq: HAIN) reported its Q4 and FY 2024 financial results, highlighting strong operating cash flow and debt reduction. Net sales for Q4 were $419 million, down 6% year-over-year, while organic net sales decreased by 4%. The gross profit margin improved to 23.4%, up 90 basis points from the prior year. Despite a net loss of $3 million in Q4, adjusted net income was $11 million, an increase from $10 million the previous year. For FY 2024, net sales were $1,736 million, a 3% decline year-over-year, with an adjusted gross profit margin of 22.4%. Net loss was $75 million, an improvement from $117 million the previous year. Adjusted EPS was $0.33, down from $0.50 in the prior year. The company reduced net debt by $86 million, ending with a leverage ratio of 3.7x. Hain Celestial expects to achieve flat or better organic net sales growth and mid-single-digit EBITDA growth in FY 2025.
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