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.
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Hain Celestial has announced a partnership with Folds of Honor, a nonprofit providing educational scholarships to families of fallen and disabled service members. Starting in September, select products such as Live Clean and TERRA will feature patriotic packaging to support this cause. The initiative aims to raise awareness and funds for scholarship programs, as many families of service members are ineligible for federal educational assistance. Hain Celestial is committed to expanding this partnership annually to aid educational efforts for military families.
The Hain Celestial Group, a prominent organic and natural products company, announced its participation in the Barclays Global Consumer Staples Conference on September 8, 2020, at 2:40 PM ET. The presentation can be streamed via Hain Celestial's website under Investor Relations, with archives available later. Headquartered in Lake Success, NY, Hain operates across North America, Europe, Asia, and the Middle East, offering well-known brands such as Celestial Seasonings and Earth's Best. The company's focus remains on delivering A Healthier Way of Life™ to consumers.
The Hain Celestial Group reported Q4 and FY 2020 results, showing profitability at the high end of expectations. Q4 net sales rose 1% to $511.7 million with a gross margin of 25.4%, a 658 basis point increase. Adjusted net income for Q4 increased to $32.3 million. FY 2020 saw net sales drop by 2% to $2,053.9 million, but gross margin improved to 22.7%. The company repurchased 2.6 million shares and anticipates continued margin expansion and double-digit adjusted EBITDA growth, although specific FY 2021 financial guidance was not provided.
The Hain Celestial Group, Inc. (Nasdaq: HAIN) will host a conference call to discuss its Fourth Quarter and Fiscal Year 2020 financial results on August 25, 2020, at 8:30 AM ET. The call will include insights from Hain Celestial's management team and will be accessible via a webcast on the company's website. Hain Celestial is a leader in organic and natural products with a broad portfolio of brands serving markets across North America, Europe, Asia, and the Middle East.