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 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.
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.
Summary not available.
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.