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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) 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.
The Hain Celestial Group (NASDAQ: HAIN) has invested in decarbonization technologies at its largest UK manufacturing site in Histon, Cambridgeshire. The initiative involves upgrading the anaerobic digestion (AD) plant to convert fruit waste into biogas, generating 25% of the facility's energy needs on-site. This project aligns with Hain's goal to reduce greenhouse gas emissions by 42% globally by 2030 and supports its commitment to renewable energy and waste diversion. The enhanced AD plant will more than double the energy produced from waste fruit. Hain Celestial aims for 100% renewable energy use and 90% food waste diversion by 2025.
Hain Celestial Group (Nasdaq: HAIN), a global health and wellness company, announced its participation in three upcoming investor conferences. CEO Wendy Davidson and CFO Lee Boyce will participate in a fireside chat at the Stifel 2024 Cross Sector Insight Conference on June 5, 2024, at 8:35 a.m. E.T. Wendy Davidson will present at the William Blair 44th Annual Growth Stock Conference on June 6, 2024, at 10:40 a.m. C.T. Both executives will participate in a fireside chat at the 4th Annual Evercore ISI Consumer and Retail Conference on June 12, 2024, at 1:15 p.m. E.T. These events will be webcasted live and archived on the company's website under the 'Investors' section.
The Hain Celestial Group (NASDAQ: HAIN), a leader in health and wellness, has appointed Chris Jenkins as Global Head of Impact. Jenkins, previously leading Impact at Ella's Kitchen, will now oversee Hain's Global Impact Strategy, focusing on the growth of purpose-driven brands and sustainability initiatives. This appointment aims to enhance the company's commitment to creating healthier products, people, and the planet. Hain's portfolio includes Certified B Corp brands like Ella's Kitchen and Cully & Sully, and products such as Garden Veggie Snacks and Terra Chips. The recent 2023 Global Impact Report highlights Hain's efforts in reducing emissions, diverting food waste, and increasing renewable energy use.
Hain Celestial reported fiscal third quarter 2024 financial results, showcasing efforts to drive gross margin expansion, strong operating cash flow, and leverage improvement. Net sales down 3.7% to $438.4 million, gross profit margin increased 60 basis points to 22.1%, net loss decreased to $48.2 million, adjusted EBITDA up 17.5% to $43.8 million. North America segment saw a 6.5% decrease in net sales, while International segment net sales grew 1.0%. Fiscal 2024 guidance revised due to challenges in infant formula, snacks business, and personal care.
Hain Celestial Group (Nasdaq: HAIN) is taking strategic actions to simplify its portfolio and operating footprint to strengthen its balance sheet. These efforts include reducing SKU assortment by 62%, consolidating personal care manufacturing, and streamlining its co-manufacturing network globally. The company aims to unlock annualized savings, generate operating cash flow, pay down debt, and drive gross margin expansion. These actions align with the company's Hain Reimagined business strategy to design a winning brand portfolio across five categories.
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