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 (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.
The Hain Celestial Group (Nasdaq: HAIN) will host a conference call on February 9, 2021, at 8:30 AM ET to discuss its Second Quarter Fiscal Year 2021 financial results. The call will feature remarks from the management team and will be accessible via the company's website. Hain Celestial is a prominent organic and natural products company with operations across North America, Europe, Asia, and the Middle East, known for brands like Celestial Seasonings®, Dream®, and Earth’s Best®.
The Hain Celestial Group, Inc. (Nasdaq: HAIN) has successfully completed the divestiture of its U.K. fruit business, Orchard House Foods Limited, to private equity firm Elaghmore. The transaction aligns with Hain's strategy to simplify its brand portfolio and improve growth rates, as the fruit business was negatively impacted by the Covid-19 pandemic. CEO Mark L. Schiller expressed confidence that this sale will allow for reinvestment into the remaining operations, enhancing overall margins and cash flow for sustainable growth.
Alba Botanica, part of Hain Celestial, announces a partnership with surf champion Caroline Marks, aiming to inspire and support young women throughout 2021. Marks, an Olympic medal hopeful, embodies the brand's values of confidence and environmental consciousness. Alba Botanica is recognized as the leading suncare brand in the natural channel, with biodegradable products free of harmful chemicals. This collaboration reflects a commitment to sustainability and championing young female athletes.
Hain Celestial Group (Nasdaq: HAIN) is set to host a fireside chat at the 2021 ICR Conference on January 13, 2021, at 11:30 AM Eastern Time. This event will showcase the company's commitment to providing consumers with a Healthier Way of Life™ through its diverse range of organic and natural products. Interested parties can access the webcast via Hain Celestial's website under the Investor Relations section. Hain Celestial operates across North America, Europe, Asia, and the Middle East.
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