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. 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.
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.
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.