Hain Celestial Stock Price, News & Analysis

Hain Celestial Group (Nasdaq: HAIN) reported its Q4 and FY 2024 financial results, highlighting strong operating cash flow and debt reduction. Net sales for Q4 were $419 million, down 6% year-over-year, while organic net sales decreased by 4%. The gross profit margin improved to 23.4%, up 90 basis points from the prior year. Despite a net loss of $3 million in Q4, adjusted net income was $11 million, an increase from $10 million the previous year. For FY 2024, net sales were $1,736 million, a 3% decline year-over-year, with an adjusted gross profit margin of 22.4%. Net loss was $75 million, an improvement from $117 million the previous year. Adjusted EPS was $0.33, down from $0.50 in the prior year. The company reduced net debt by $86 million, ending with a leverage ratio of 3.7x. Hain Celestial expects to achieve flat or better organic net sales growth and mid-single-digit EBITDA growth in FY 2025.

The Hain Celestial Group (Nasdaq: HAIN) is making significant progress on its Hain Reimagined multi-year growth strategy, particularly in the Fuel pillar. The company is on track to deliver over $60 million in cost savings by the end of fiscal year 2024 through strategic initiatives focused on productivity, sourcing, cash management, and operational efficiencies.

Introduced in September 2023, Hain Reimagined aims to transform the company into a globally integrated enterprise to drive scale and long-term shareholder value. The Fuel pillar is important for funding this transformation, encompassing revenue growth management, cash management, and operational efficiencies.

Steve Golliher, Hain's Global Chief Supply Chain Officer, has shared insights on how working capital management, operational efficiencies, and best-in-class safety standards are positioning the company for future success in a recent post on The Hain Way corporate blog.

Hain Celestial Group (Nasdaq: HAIN), a leading global health and wellness company, has announced its participation in three upcoming investor conferences. The events are:

• Barclays 17th Annual Global Consumer Staples Conference on September 4, 2024, featuring a fireside chat at 2:15 p.m. E.T.
• Piper Sandler Growth Frontiers Conference on September 10, 2024, with a fireside chat at 2:30 p.m. C.T.
• CL King 22nd Annual Best Ideas Conference on September 16, 2024, hosting virtual investor meetings.

Wendy Davidson, President and CEO, and Lee Boyce, CFO, will represent Hain Celestial at these events. Live webcasts of the fireside chats will be available on the company's website, www.Hain.com, under the 'Investors' section, with replays accessible afterward.

Hain Celestial Group (Nasdaq: HAIN) has appointed Alison Lewis to its Board of Directors, effective September 1, 2024. Lewis, who recently retired as Chief Growth Officer at Kimberly-Clark, brings over 30 years of executive experience in global marketing, e-commerce, and digital leadership from major CPG companies. She will serve on the Compensation and Talent Management Committee and the Audit Committee.

With this addition, Hain's Board will consist of nine directors, eight of whom are independent. Lewis's appointment aligns with the board's commitment to add experienced leaders with diverse backgrounds to oversee the company's long-term strategy. Her extensive knowledge is expected to help steer Hain's growth strategy and drive sustainable outcomes and shareholder returns.

Garden Veggie Snacks™ launches its first national Masterbrand campaign, 'YUMbelievably Delicious', aiming to connect families through fun snacking moments. The campaign showcases the brand's full portfolio of better-for-you snacks, including Garden Veggie Straws®, Puffs, Wavy Chips, Stacked Chips, and the new Flavor Burst™ Tortilla Chips.

The brand is adopting 'Garden Veggie Snacks' as its Masterbrand identity, reflecting the evolution of consumer mindsets in the growing better-for-you snack category. The campaign, developed by BrandFuel Co., will feature video ads and static assets across national connected TV, online video, and retail media, supported by social media and PR programming.

Hain Celestial Group (Nasdaq: HAIN), a leading global health and wellness company, has announced its plans to release financial results for the fiscal fourth quarter and full year before market opening on Tuesday, August 27, 2024. The company will host a conference call and webcast at 8:00 AM ET to discuss the results. Wendy Davidson, President and CEO, and Lee Boyce, CFO, will speak on behalf of Hain Celestial, followed by a Q&A session with analysts. The webcast and presentation will be available on the company's website. Investors and analysts can dial in to access the conference call. A replay will be available until September 3, 2024.

Hain Celestial Group (Nasdaq: HAIN) is offering a range of better-for-you snacks and meal prep solutions for the back-to-school season. The company's product lineup includes:

- Garden Veggie Snacks™: Featuring new Flavor Burst™ Tortilla Chips and variety packs of Garden Veggie Straws®.

- Earth's Best® Organic: Offering Veggie Puffs, Veggie Straws, Sunny Days Snack Bars®, and organic pouches for toddlers.

- MaraNatha®: Providing Creamy No Stir Almond Butter and peanut butter options.

- Greek Gods® Yogurt: Offering Traditional Plain Yogurt for customizable breakfast or lunch options.

- Terra® Original Vegetable Chips: Featuring a mix of sweet potato, parsnip, kettle potato, and batata chips.

These products are available at major retailers like Walmart, Amazon, and Target, as well as local grocery stores and specialty shops.

The Hain Celestial Group has launched a new corporate blog, 'The Hain Way,' aimed at sharing insights on the company's multiyear transformation and trends in the health and wellness sector. The blog, which went live on July 8, 2024, will feature articles, interviews, and analysis from company experts and industry leaders, covering topics such as the Hain Reimagined growth strategy and global efforts to impact people and the planet positively.

Chief Communications Officer Jen Davis emphasized that the blog is a commitment to transparency and thought leadership. Visitors can access the blog at https://ir.hain.com and subscribe for updates. The company encourages readers to engage with content and connect via social media.

The Hain Celestial Group (NASDAQ: HAIN) has invested in decarbonization technologies at its largest UK manufacturing site in Histon, Cambridgeshire. The initiative involves upgrading the anaerobic digestion (AD) plant to convert fruit waste into biogas, generating 25% of the facility's energy needs on-site. This project aligns with Hain's goal to reduce greenhouse gas emissions by 42% globally by 2030 and supports its commitment to renewable energy and waste diversion. The enhanced AD plant will more than double the energy produced from waste fruit. Hain Celestial aims for 100% renewable energy use and 90% food waste diversion by 2025.