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.
The Hain Celestial Group (Nasdaq: HAIN) will host a fireside chat at Maxim Group’s 2022 Virtual Growth Conference on March 28, 2022, at 10:00 AM ET. Investors can access the webcast via Maxim Group’s M-Vest website. Hain Celestial is a leading organic and natural products company operating globally with well-known brands like Celestial Seasonings, Earth’s Best, and JASON. The company is dedicated to providing consumers with A Healthier Way of Life™.
Hain Celestial Group announces the enhancement of ELI Codes for over 300 products as part of its partnership with Cornerstone for Natural’s Smart Shelf Tag™ solution. This initiative aims to provide engaging digital content at the point of purchase, improving shopper education and retail sales. Hain emphasizes its dedication to product transparency and consumer education, leveraging its influence to encourage broader adoption of Smart Shelf Tags within the retail sector.
Hain Celestial reported mixed financial results for Q2 2022, with net sales of $476.9 million, a 10% decline year-over-year. Adjusted net sales grew modestly, reflecting strong U.S. consumption despite supply chain challenges. The company achieved GAAP EPS of $0.33, up from $0.02 a year earlier, and reaffirmed full-year adjusted net sales growth guidance. Adjusted EBITDA stood at $59.3 million, slightly down from $62.2 million in Q2 2021. Hain announced an additional $200 million share repurchase program following a successful $300 million buyback, underscoring commitment to shareholder return.
Hain Celestial Group (Nasdaq: HAIN) has appointed Chris Bellairs as the new Chief Financial Officer, effective February 4, 2022. Bellairs, previously CFO at Stone Brewing, succeeds Javier Idrovo, who will assist in the transition. Hain Celestial also provided a preliminary update for Q2 FY 2022, forecasting adjusted net sales to decline 1% to 3% and adjusted EBITDA to decrease 4% to 6% year-over-year, influenced by inflation and supply chain challenges. The full financial results are expected to be released on February 3, 2022.
The Hain Celestial Group, Inc. (Nasdaq: HAIN) will hold a conference call on February 3, 2022, at 8:30 AM ET to discuss its Second Quarter Fiscal Year 2022 financial results. Interested investors can join by dialing 877-407-9716 in the U.S. or 201-493-6779 internationally. The management team will provide insights, and the call will be accessible via a webcast on Hain's official website, under Investor Relations. Hain Celestial, headquartered in Lake Success, NY, is a prominent player in the organic and natural products sector.
The Hain Celestial Group (Nasdaq: HAIN) has pledged support to families affected by the recent Colorado wildfires, contributing significant donations from its brands like Live Clean® and Celestial Seasonings®. The initiative includes over 110,000 units of hand sanitizer and 10,000 boxes of tea, all part of the WE GOT THIS project aimed at providing ongoing relief. Additionally, Hain is helping impacted employees and sponsoring a GoFundMe for a family that lost their home, reflecting the company's commitment to community support and well-being during this crisis.
Hain Celestial Group will host a fireside chat at the 2022 ICR Conference on January 10, 2022, at 11:30 AM Eastern Time. Interested parties can access the webcast through the company's website under the Investor Relations section. Hain Celestial is recognized as a leading organic and natural products company with a wide array of well-known brands operating across North America, Europe, Asia, and the Middle East. Their commitment focuses on providing consumers with 'A Healthier Way of Life.'
The Hain Celestial Group has completed its acquisition of That’s How We Roll, known for its popular brands ParmCrisps® and Thinsters®. The acquisition cost approximately $259 million in cash, adjusted for working capital. This strategic move aims to enhance Hain's portfolio of healthier snack options. ParmCrisps® are high-protein cheese crisps, while Thinsters® are thin cookies made from non-GMO ingredients. Hain’s CEO expressed enthusiasm about collaborating with That’s How We Roll’s innovative team.
The Hain Celestial Group has announced the acquisition of That’s How We Roll, the company behind ParmCrisps® and Thinsters®, for approximately $259 million. This strategic purchase aims to bolster Hain's presence in the snacking sector, which has shown significant consumer demand for healthy snack options. That’s How We Roll generated around $108 million in net sales for the year ending September 30, 2021, and is expected to experience mid-teens growth in 2022. The deal is anticipated to enhance Hain's Adjusted EBITDA starting fiscal year 2022.
Clearlake Capital has signed a deal to sell Proven Brands, including ParmCrisps and Thinsters, to Hain Celestial for approximately $259 million. Since its acquisition in 2014, Proven Brands reported a ~6x revenue growth and increased employee count from 10 to over 250. The brands are positioned as leaders in their categories, with ParmCrisps being the fastest-growing cheese crisp brand in the U.S. The acquisition aims to support the next growth phase of these better-for-you snacks.
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