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) announced new product innovations in snacks, teas, and personal care to align with consumer trends post-COVID-19. Sensible Portions introduced Garden Veggie Puffs with 30% less fat, while Celestial Seasonings launched several new teas, including an energy tea and cold brew iced tea. The JĀSÖN brand revealed a men's line for hair and skin care needs. CEO Mark L. Schiller emphasized the commitment to innovation for better health alternatives, reflecting a growth strategy with exciting new offerings.
The Hain Celestial Group (Nasdaq: HAIN), a leader in organic and natural products, is set to participate in several conferences in June 2021. Key events include:
- June 2: Fireside chat at Bernstein's 37th Annual Strategic Decisions Conference at 4:30 PM ET.
- June 3: Fireside chat at Piper Sandler's 41st Annual Consumer Conference at 9:45 AM ET.
- June 16: Fireside chat at Evercore ISI Consumer & Retail Summit at 4:15 PM ET.
- June 23: Fireside chat at Jefferies Consumer Conference at 8:35 AM ET.
Webcasts will be available on the company's website.
The Hain Celestial Group, Inc. (HAIN) reported Q3 financial results for the period ending March 31, 2021. Net sales decreased by 11% to $492.6 million; however, adjusted sales, excluding certain factors, dropped by 6%. Gross margin improved to 26.4%, marking a 244 basis point increase. Operating income rose to $49.6 million from $19.1 million year-over-year. Adjusted EBITDA grew by 21% to $73.8 million, with EPS increasing from $0.24 to $0.34. The company also reaffirmed its guidance for fiscal 2021, expecting adjusted EBITDA growth near 10% in Q4, despite projected sales declines of 5% to 8%.
The Hain Celestial Group, Inc. (Nasdaq: HAIN) will hold a conference call on May 6, 2021, at 8:30 AM Eastern Time to discuss its Third Quarter Fiscal Year 2021 financial results. This session will feature insights from the management team and will be accessible via the company's website under Investor Relations. Hain Celestial operates in the organic and natural products market, boasting a diverse range of well-known brands across various categories.
The Hain Celestial Group (NASDAQ: HAIN) has completed the sale of its North America non-dairy beverages brands, Dream® and Westsoy®, to SunOpta Inc. for $33 million, subject to adjustments. This divestiture aligns with Hain's strategy to streamline its brand portfolio, focusing on core areas and enhancing growth potential. CEO Mark L. Schiller emphasized that this transaction will not negatively impact profit margins for remaining products and aims to boost shareholder returns over the long term.
The Hain Celestial Group (Nasdaq: HAIN) has expanded its partnership with Folds of Honor, a nonprofit providing scholarships to families of fallen and disabled service members. The partnership, initially announced in September 2020, now includes selected Celestial Seasonings® teas and The Greek Gods® yogurt. Products with the Folds of Honor seal will be available this summer, enhancing brand visibility during Memorial Day and Fourth of July celebrations. Hain Celestial emphasizes its commitment to better-for-you products, noting the success of its Live Clean® hand sanitizer launched last year.
The Hain Celestial Group, a leading organic and natural products company, will host a fireside chat at the 2021 Truist Securities Consumer Symposium on February 24, 2021, at 11:00 AM Eastern Time. This event offers an opportunity for investors to gain insights into the company's operations spanning North America, Europe, Asia, and the Middle East. Interested parties can access the webcast on the company’s website under the Investor Relations section.
The Hain Celestial Group (Nasdaq: HAIN) announced its financial results for Q2 ended December 31, 2020, revealing a 4% increase in net sales to $528.4 million and a gross margin improvement of 376 basis points to 24.6%. Adjusted EBITDA grew to $62.2 million from $45 million year-over-year, with a notable increase in operating income to $13 million. Despite ongoing macro challenges, the outlook remains positive, with expectations for margin expansion and double-digit adjusted EBITDA growth for fiscal year 2021.
Hain Celestial Group (Nasdaq: HAIN) announced new innovations from its subsidiary, Celestial Seasonings, including expanded product lines, updated packaging, and a fresh advertising campaign. Notable offerings include an Energy Tea with 95 mg of caffeine, alongside new TeaWell blends targeting health benefits. These initiatives aim to attract coffee drinkers and expand market share. The new advertising campaign, 'Taste the World of Celestial Seasonings,' emphasizes the health benefits of tea. Early data indicates these innovations have successfully driven sales growth, with high repeat purchase rates for new products.
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