The Hain Celestial Group, Inc. reports developments across a global health and wellness packaged-food portfolio built around better-for-you brands. Recurring news includes fiscal results, cash flow, debt reduction, margin initiatives, earnings calls, product launches and portfolio changes across North America and international markets.
The company’s continuing brand portfolio includes Celestial Seasonings teas, The Greek Gods yogurt, Earth’s Best Organic and Ella’s Kitchen baby and kids foods, Joya and Natumi plant-based beverages, Hartley’s jelly, and soup brands such as Cully & Sully, Yorkshire Provender and New Covent Garden. Hain also reports governance and leadership changes and the effects of its completed North American snacks divestiture on its simplified operating focus.
The Hain Celestial Group reported a 1.4% increase in fourth-quarter net sales to $457 million, buoyed by a 17.2% rise in North America. However, adjusted gross profit margin fell by 630 basis points, and adjusted net income decreased to $7.6 million compared to $39.7 million a year ago. For FY 2022, net sales declined by 4% to $1.89 billion, with North America showing a slight 5% increase due to price hikes. The company anticipates adjusted net sales and EBITDA growth of 1% to 4% in FY 2023 amid continued inflationary pressures and a recovering retail environment.
The Hain Celestial Group reported preliminary results for Q4 FY2022, with net sales of approximately $457 million and adjusted net sales of $447 million. Net income stood at about $3 million, while adjusted EBITDA was around $35 million. Despite strong growth in North America, international sales fell 10% due to inflation and other challenges. For FY2023, Hain anticipates low single-digit growth in adjusted net sales and EBITDA, driven by price increases and productivity initiatives.
Hain Celestial Group announces its participation in the How2Recycle labeling program, enhancing consumer awareness of packaging recyclability. The initiative aims for 100% of Hain products to feature standardized recycling labels by the end of 2025. This step aligns with Hain's commitment to sustainable packaging and ESG objectives, including a sustainable packaging strategy expected by 2023. The company has already begun applying these labels to Alba Botanica sun care products and plans to expand further. Hain’s ongoing efforts to reduce virgin plastics and improve recycling practices highlight their dedication to environmental stewardship.
The Hain Celestial Group (Nasdaq: HAIN) has appointed Carlyn Taylor to its Board of Directors, effective June 1, 2022. Taylor, currently the Global Co-Leader of Corporate Finance at FTI Consulting, brings extensive experience in strategy, transformation, and mergers and acquisitions. Her addition increases the board to nine members, with a strong emphasis on independent directors, including three women. This strategic move aligns with Hain Celestial's goal to implement its Hain 3.0 strategy, aimed at long-term profitable growth as it positions itself as a leader in the organic and natural products sector.
Hain Celestial (Nasdaq: HAIN), a top organic and natural products company, has announced its participation in key June 2022 conferences. On June 8, Hain will host a fireside chat at the Evercore ISI Consumer & Retail Virtual Conference at 12:30 PM ET. Additionally, the company will present at the Jefferies Consumer Conference from June 20-22, with a webcast available starting June 20 at 8:00 AM ET. Interested parties can access the webcasts via Hain's website under Investor Relations. Hain Celestial promotes a healthier lifestyle through various renowned brands.
The Hain Celestial Group, a prominent organic and natural products company, will host a fireside chat at Cowen's 6th Annual Future of the Consumer Conference on May 24, 2022, at 3:50 PM ET. The event aims to discuss the company's ongoing commitment to delivering A Healthier Way of Life® through its diverse portfolio of food, beverage, and personal care brands. Investors and interested parties can access the live webcast on the company's website under the Investor Relations section.
The Hain Celestial Group reported a 2.1% increase in total net sales to $502.9 million for Q3 fiscal 2022. North America saw a significant 13.3% rise in net sales. EPS was $0.27, and adjusted EPS was $0.33, showing declines from the prior year's $0.34 and $0.44, respectively. The gross profit margin fell by 340 basis points to 23.0%, impacted by inflation and supply chain challenges. Looking forward, the company anticipates modest adjusted net sales growth and a decline in adjusted EBITDA for the year, alongside ongoing cost management strategies.
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The Hain Celestial Group, Inc. (Nasdaq: HAIN) will host a conference call on May 5, 2022, at 8:30 AM ET to discuss its fiscal Q3 2022 financial results. Interested investors can join by calling 877-407-9716 from the U.S. or 201-493-6779 internationally. The event will feature insights from Hain's management team and will be accessible via webcast on their website. Hain Celestial is a major player in the organic and natural products sector, operating across North America, Europe, Asia, and the Middle East.
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™.