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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 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.
The Hain Celestial Group (Nasdaq: HAIN) is making significant progress on its Hain Reimagined multi-year growth strategy, particularly in the Fuel pillar. The company is on track to deliver over $60 million in cost savings by the end of fiscal year 2024 through strategic initiatives focused on productivity, sourcing, cash management, and operational efficiencies.
Introduced in September 2023, Hain Reimagined aims to transform the company into a globally integrated enterprise to drive scale and long-term shareholder value. The Fuel pillar is important for funding this transformation, encompassing revenue growth management, cash management, and operational efficiencies.
Steve Golliher, Hain's Global Chief Supply Chain Officer, has shared insights on how working capital management, operational efficiencies, and best-in-class safety standards are positioning the company for future success in a recent post on The Hain Way corporate blog.
Hain Celestial Group (Nasdaq: HAIN), a leading global health and wellness company, has announced its participation in three upcoming investor conferences. The events are:
- Barclays 17th Annual Global Consumer Staples Conference on September 4, 2024, featuring a fireside chat at 2:15 p.m. E.T.
- Piper Sandler Growth Frontiers Conference on September 10, 2024, with a fireside chat at 2:30 p.m. C.T.
- CL King 22nd Annual Best Ideas Conference on September 16, 2024, hosting virtual investor meetings.
Wendy Davidson, President and CEO, and Lee Boyce, CFO, will represent Hain Celestial at these events. Live webcasts of the fireside chats will be available on the company's website, www.Hain.com, under the 'Investors' section, with replays accessible afterward.
Hain Celestial Group (Nasdaq: HAIN) has appointed Alison Lewis to its Board of Directors, effective September 1, 2024. Lewis, who recently retired as Chief Growth Officer at Kimberly-Clark, brings over 30 years of executive experience in global marketing, e-commerce, and digital leadership from major CPG companies. She will serve on the Compensation and Talent Management Committee and the Audit Committee.
With this addition, Hain's Board will consist of nine directors, eight of whom are independent. Lewis's appointment aligns with the board's commitment to add experienced leaders with diverse backgrounds to oversee the company's long-term strategy. Her extensive knowledge is expected to help steer Hain's growth strategy and drive sustainable outcomes and shareholder returns.
Garden Veggie Snacks™ launches its first national Masterbrand campaign, 'YUMbelievably Delicious', aiming to connect families through fun snacking moments. The campaign showcases the brand's full portfolio of better-for-you snacks, including Garden Veggie Straws®, Puffs, Wavy Chips, Stacked Chips, and the new Flavor Burst™ Tortilla Chips.
The brand is adopting 'Garden Veggie Snacks' as its Masterbrand identity, reflecting the evolution of consumer mindsets in the growing better-for-you snack category. The campaign, developed by BrandFuel Co., will feature video ads and static assets across national connected TV, online video, and retail media, supported by social media and PR programming.
Hain Celestial Group (Nasdaq: HAIN), a leading global health and wellness company, has announced its plans to release financial results for the fiscal fourth quarter and full year before market opening on Tuesday, August 27, 2024. The company will host a conference call and webcast at 8:00 AM ET to discuss the results. Wendy Davidson, President and CEO, and Lee Boyce, CFO, will speak on behalf of Hain Celestial, followed by a Q&A session with analysts. The webcast and presentation will be available on the company's website. Investors and analysts can dial in to access the conference call. A replay will be available until September 3, 2024.
Hain Celestial Group (Nasdaq: HAIN) is offering a range of better-for-you snacks and meal prep solutions for the back-to-school season. The company's product lineup includes:
- Garden Veggie Snacks™: Featuring new Flavor Burst™ Tortilla Chips and variety packs of Garden Veggie Straws®.
- Earth's Best® Organic: Offering Veggie Puffs, Veggie Straws, Sunny Days Snack Bars®, and organic pouches for toddlers.
- MaraNatha®: Providing Creamy No Stir Almond Butter and peanut butter options.
- Greek Gods® Yogurt: Offering Traditional Plain Yogurt for customizable breakfast or lunch options.
- Terra® Original Vegetable Chips: Featuring a mix of sweet potato, parsnip, kettle potato, and batata chips.
These products are available at major retailers like Walmart, Amazon, and Target, as well as local grocery stores and specialty shops.
The Hain Celestial Group has launched a new corporate blog, 'The Hain Way,' aimed at sharing insights on the company's multiyear transformation and trends in the health and wellness sector. The blog, which went live on July 8, 2024, will feature articles, interviews, and analysis from company experts and industry leaders, covering topics such as the Hain Reimagined growth strategy and global efforts to impact people and the planet positively.
Chief Communications Officer Jen Davis emphasized that the blog is a commitment to transparency and thought leadership. Visitors can access the blog at https://ir.hain.com and subscribe for updates. The company encourages readers to engage with content and connect via social media.
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