Welcome to our dedicated page for Hain Celestial news (Ticker: HAIN), a resource for investors and traders seeking the latest updates and insights on Hain Celestial stock.
The Hain Celestial Group, Inc. (Nasdaq: HAIN) generates a steady flow of news as a global health and wellness company focused on better-for-you brands across snacks, baby and kids foods, beverages, meal preparation and personal care. Headquartered in Hoboken, New Jersey, the company’s disclosures emphasize that its products are marketed and sold in over 70 countries and organized into North America and International segments, with reporting by categories such as Snacks, Baby & Kids, Beverages, Meal Prep and Personal Care.
News about Hain Celestial often covers financial results and strategic updates. Earnings releases and accompanying Form 8-K filings provide details on net sales, organic net sales, margins, adjusted EBITDA and performance by segment and category. Management commentary in these releases discusses priorities such as stabilizing sales, improving profitability, optimizing cash, deleveraging the balance sheet and executing on a turnaround strategy built around five actions: streamlining the portfolio, accelerating brand renovation and innovation, implementing strategic revenue growth management and pricing, driving productivity and working capital efficiency, and strengthening digital capabilities.
Investors and followers of HAIN can also expect corporate governance and leadership news, including proxy materials on director elections, executive compensation and equity plan amendments, as well as 8-K filings describing changes in leadership roles. For example, a recent 8-K detailed the transition of Alison E. Lewis from Interim President and Chief Executive Officer to President and Chief Executive Officer, along with the key terms of her employment and change in control agreements.
Brand-level announcements form another important stream of news. Releases have highlighted initiatives from Garden Veggie Snacks™ in the better-for-you snacking category, new wellness teas from Celestial Seasonings®, recognition and certifications for Earth’s Best® organic infant formulas, and consumer promotions such as the "Savor Your Summer" sweepstakes for snack brands including Garden Veggie Snacks™, Terra® chips and Garden of Eatin'®. Together, these updates provide insight into how Hain Celestial manages and promotes its portfolio across snacks, baby and kids, beverages, meal prep and personal care.
Bookmark this HAIN news page to follow the company’s earnings announcements, SEC-referenced press releases, category performance updates and brand campaigns as they are released.
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.
The Hain Celestial Group, Inc. (Nasdaq: HAIN) announced the closing of an underwritten secondary offering, where 12,379,504 shares were sold at $45.50 each by affiliates of Engaged Capital. Hain did not sell any shares but repurchased 1,700,000 shares at $45.00 per share, funded through its revolving credit facility. Engaged Capital, which continues to hold 1,900,792 shares post-offering, is winding down its investments. CEO Mark L. Schiller expressed gratitude for the support from Engaged Capital as Hain focuses on its Hain 3.0 strategy for growth.
The Hain Celestial Group (Nasdaq: HAIN) announced a secondary offering of 12,379,504 shares of common stock by affiliates of Engaged Capital. The Selling Stockholders will retain all net proceeds while Hain will not sell any stock. Concurrently, Hain plans to repurchase 1,700,000 shares from the Selling Stockholders, funded by its revolving credit facility. This closing depends on the offering's completion, and Morgan Stanley serves as the sole underwriter. Following the transaction, Engaged Capital will continue to hold 1,900,792 shares.
Hain Celestial Group reported Q1 results for FY2022, experiencing a 9% decline in net sales to $454.9 million. Adjusted net income decreased to $23.8 million, with EPS of $0.20. Despite a 72 basis point drop in gross margin to 23.2%, operating income surged to $25.5 million, up from $3.3 million a year prior. The company forecasts low single-digit sales growth and adjusted EBITDA growth for FY2022, emphasizing the impact of inflation and market conditions on performance.
The Hain Celestial Group (Nasdaq: HAIN), a prominent organic and natural products company, is set to participate in the Jefferies Virtual West Coast Consumer Conference on November 16, 2021, at 2:00 PM Eastern Time. This event will feature a live fireside chat discussion. Interested parties can access the webcast on Hain's website under the Investor Relations and Press & Events section. With operations spanning North America, Europe, Asia, and the Middle East, Hain Celestial offers various well-known brands focusing on health and wellness.
The Hain Celestial Group, Inc. (Nasdaq: HAIN) announced a conference call scheduled for November 9, 2021, at 8:00 AM ET to discuss its First Quarter Fiscal Year 2022 financial results. Interested investors can join by dialing 855-327-6837 from the U.S. or 631-891-4304 internationally. The call will feature insights from Hain Celestial's management team and will be accessible via their website under Investor Relations. Hain Celestial is recognized for its diverse range of organic and natural products across various global markets.
The Hain Celestial Group (Nasdaq: HAIN) announced its Investor Day scheduled for September 28, 2021, at 10:00 a.m. Eastern Time. The event will include a management presentation followed by a Q&A session. This gathering aims to provide insights into the company's future strategy and performance. Interested parties can access the webcast through the company's website under the Investor Relations and Press & Events section. Hain Celestial is recognized for its organic and natural products across multiple global markets.
Hain Celestial reported its fourth-quarter and fiscal year 2021 results, showing net sales of $450.7 million for Q4, a 12% decrease year-over-year. Adjusted net income rose to $39.7 million, while gross margin improved to 25.7%. For the fiscal year, net sales totaled $1.97 billion, a 4% decline, with adjusted EBITDA growing to $258.9 million. The company announced a new $300 million share repurchase authorization. Looking ahead, it expects low single-digit adjusted net sales growth and mid to high single-digit adjusted EBITDA growth for fiscal year 2022.
The Hain Celestial Group (Nasdaq: HAIN) will host a conference call on August 26, 2021, at 8:30 AM ET to discuss its Fourth Quarter and Fiscal Year 2021 financial results. The call will be accessible via webcast on the company's website. Hain Celestial is a prominent organic and natural products company operating in North America, Europe, Asia, and the Middle East, offering brands like Celestial Seasonings, Earth's Best, and more. This announcement is part of their ongoing commitment to investor engagement.