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Hain Celestial Group Inc - HAIN STOCK NEWS

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.

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Hain Celestial Group (Nasdaq: HAIN) announced its new headquarters and work model, using a global 'hub and spoke' approach. The company selected Hoboken, N.J. as its global hub, with offices and manufacturing locations serving as 'spokes' for team collaboration. The model aims to enhance global connectivity and recruit top talent. The new headquarters will also house the Innovation Experience Center, supporting the company's purpose to inspire healthier living. The office building is LEED Gold and Energy Star Certified, with proximity to various amenities and transportation options.
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Hain Celestial Group, Inc. (Nasdaq: HAIN) has announced a conference call to discuss its Third Quarter Fiscal Year 2023 financial results on May 9, 2023, at 8:00 AM ET. During this call, executive management, including CEO Wendy Davidson and CFO Chris Bellairs, will review the financial results. Interested investors can participate by dialing 877-407-9716 or 201-493-6779, and the call will be available via webcast on Hain's website. Founded in 1993, Hain Celestial is a leader in organic and natural products with a diverse range of food, beverage, and personal care brands. Their commitment to creating a healthier way of life is reflected in their various product lines.

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The Hain Celestial Group reported its second quarter results for FY2023, revealing a net income of $11.0 million, down from $30.9 million a year earlier. Adjusted net income was $18.3 million, reflecting a 318-basis point decrease in margins. Despite a 5% decrease in net sales to $454.2 million, adjusted EBITDA on a constant currency basis was $52.7 million with a margin of 11.0%. North America saw a 3% increase in net sales, while international sales fell 15%. The company has reaffirmed its full-year guidance for adjusted net sales and EBITDA growth of -1% to +4%.

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The Hain Celestial Group (Nasdaq: HAIN) reported its second quarter results for the period ended December 31, 2022, showing a net income of $11.0 million, down from $30.9 million a year prior. Adjusted EBITDA on a constant currency basis was $52.7 million, a decline from $59.3 million year-over-year. Net sales decreased by 5% to $454.2 million. Notably, North America saw a 3% increase in net sales, while International net sales dropped by 15%. Despite these challenges, the company reaffirmed its fiscal 2023 guidance, expecting adjusted net sales and EBITDA growth between -1% to +4%. The leadership transition aims to drive sustainable growth in the organic products sector.

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The Hain Celestial Group, Inc. (Nasdaq: HAIN) is set to discuss its Second Quarter Fiscal Year 2023 financial results on February 7, 2023, at 8:30 AM ET. The conference call will be conducted by the company's management team and is available via dial-in or webcast. Hain Celestial is recognized for its commitment to promoting a healthier lifestyle through its organic and natural products, operating across North America, Europe, Asia, and the Middle East. The company offers a diverse range of food and beverage brands, alongside personal care products, emphasizing its longstanding position in the health-focused market.

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Hain Celestial Group, Inc. announced the divestiture of its Westbrae Natural brand to Bush Brothers & Company as part of its North America portfolio simplification plan. The transaction aims to enhance the company's focus on strategic brands with growth potential, thereby improving margins, cash flow, and future growth prospects. CEO Mark L. Schiller expressed optimism regarding this move, which aligns with their goal to drive more resources toward priority brands and innovation.

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Hain Celestial has announced the appointment of Wendy P. Davidson as the new President and CEO effective January 1, 2023. Current CEO Mark L. Schiller will transition to a non-executive director role after leading the company for four years. Davidson brings significant experience in consumer packaged goods, having previously led Glanbia Performance Nutrition and held executive positions at Kellogg and Tyson Foods. The company aims to enhance its Hain 3.0 strategy to accelerate growth and deliver long-term value.

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FAQ

What is the current stock price of Hain Celestial Group (HAIN)?

The current stock price of Hain Celestial Group (HAIN) is $6.42 as of December 20, 2024.

What is the market cap of Hain Celestial Group (HAIN)?

The market cap of Hain Celestial Group (HAIN) is approximately 583.6M.

What does The Hain Celestial Group Inc specialize in?

The Hain Celestial Group Inc specializes in natural and organic food and personal care products, serving North America and Europe.

What are some of Hain Celestial's notable brands?

Notable brands include Celestial Seasonings®, Terra®, Garden of Eatin’®, Earth’s Best®, and Alba Botanica®.

Where can I find Hain Celestial products?

Hain Celestial products are available in grocery stores, natural food supermarkets, specialty health stores, mass retailers, club warehouses, drugstores, convenience stores, restaurants, and e-commerce sites.

What recent strategic initiatives has Hain Celestial undertaken?

Recent initiatives include the “Hain Reimagined” strategy focusing on growth, operational efficiency, and brand portfolio optimization. The company also sold its Thinsters® cookie business to streamline operations.

Who is the new Chief People Officer of Hain Celestial?

Amber Jefferson has been appointed as the new Chief People Officer, effective January 1, 2024.

What is the significance of Hain Celestial's 30th anniversary on NASDAQ?

The 30th anniversary on NASDAQ signifies Hain Celestial's long-standing impact and leadership in the health and wellness sector.

How is Hain Celestial enhancing its financial position?

The company is enhancing its financial position through strategic divestitures, operational efficiency, and focused brand portfolios, which help reduce debt and drive growth.

What is the ‘Hain Reimagined’ strategy?

The ‘Hain Reimagined’ strategy is a multi-year transformation plan focusing on growth through core brand portfolios, operational efficiency, innovation, and leveraging synergies across key markets.

Which markets contribute significantly to Hain Celestial's sales?

The U.S. market contributes 55% of fiscal 2022 sales, while European markets contribute 26%.

How does Hain Celestial support healthier living?

Hain Celestial supports healthier living by offering natural and organic products across various categories, ensuring accessibility through a wide distribution network.

Hain Celestial Group Inc

Nasdaq:HAIN

HAIN Rankings

HAIN Stock Data

583.56M
89.34M
0.95%
104.62%
5.23%
Packaged Foods
Food and Kindred Products
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United States of America
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