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, 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.
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.