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.
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.
Hain Celestial Group will host a fireside chat at the Bernstein Operational Decisions Conference on November 16, 2020, at 12:30 PM Eastern Time. Investors can access the webcast on its website under Investor Relations. As a leading organic and natural products company, Hain operates in North America, Europe, Asia, and the Middle East. The company is known for brands like Celestial Seasonings and Earth's Best.
The Hain Celestial Group (Nasdaq: HAIN) will host a fireside chat at the Jefferies West Coast Consumer Conference on November 17, 2020, at 2:00 PM Eastern Time. This event will provide insights into the company's operations across North America, Europe, Asia, and the Middle East, focusing on its organic and natural products portfolio. Investors can access the webcast on the company's website under Investor Relations. Hain Celestial's brands include Celestial Seasonings®, Dream®, and Earth’s Best®, among others.
The Hain Celestial Group reported Q1 results for fiscal 2021, with net sales increasing by 3% to $498.6 million. Adjusted EBITDA rose 71% to $54.9 million, while adjusted net income was $27.4 million compared to $8.4 million last year. Gross margin improved by 360 basis points to 23.9%, reflecting strong performance in both North America and International segments. Despite a net loss of $10.8 million due to an impairment charge, the company remains confident about sustainable long-term growth, aiming for mid-single digit growth in Q2.
The Hain Celestial Group, Inc. (Nasdaq: HAIN) will hold a conference call on November 10, 2020, at 8:30 AM ET to discuss its First Quarter Fiscal Year 2021 financial results. This call will include remarks from the company's management team and will be available via webcast on Hain Celestial's website. Hain Celestial operates in North America, Europe, Asia, and the Middle East, providing a range of organic and natural products across various well-known brands.