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.
Hain Celestial Group (Nasdaq: HAIN) has announced its participation in two upcoming investor conferences in November 2024. CFO Lee Boyce will host investor meetings at the Jefferies Miami Consumer Conference on November 19. The following day, CEO Wendy Davidson will participate in a fireside chat at 10:00 a.m. C.T. and host investor meetings at the Stephens Annual Investment Conference.
The fireside chat will be accessible via live webcast through Hain's corporate website under the 'Investors' section, with a replay available for 90 days.
Hain Celestial Group (Nasdaq: HAIN) reported its fiscal first quarter 2025 financial results, ending September 30, 2024. Net sales were $395 million, down 7% year-over-year, with organic net sales decreasing by 5%. Gross profit margin increased by 90 basis points to 20.7%. The net loss was $20 million, a rise from the $10 million loss in the prior year. Adjusted EBITDA was $22 million, slightly lower than $24 million from the previous year. Cash flow from operations was negative $11 million, and free cash flow was negative $17 million. Total debt decreased to $740 million, with a net secured leverage ratio of 3.9x.
North America saw a 6% decline in organic net sales, driven by lower snack sales due to a promotional timing shift. International sales fell by 3%, mainly in meal prep and baby & kids categories. Despite these declines, the company reaffirmed its fiscal 2025 guidance, expecting flat or better organic net sales growth, mid-single-digit adjusted EBITDA growth, and at least $60 million in free cash flow.
Celestial Seasonings, the leading herbal tea brand under Hain Celestial Group (HAIN), has launched two new Non-GMO Project verified teas. The first is Lemon Honey Drop, a caffeine-free herbal tea containing 10% daily value of vitamin C, combining honey and lemon flavors. The second is Sleepytime® Biotin Beauty Rest, featuring the classic Sleepytime® blend enhanced with biotin (vitamin B7). The new products are available nationwide at retailers including Amazon, Kroger, and Walmart, priced at $3.59 and $4.99 respectively.
Celestial Seasonings, part of Hain Celestial Group (HAIN), launches its new 'Taste Our World' marketing campaign, showcasing the brand's 50-year legacy in specialty tea production. The campaign highlights the journey from seed to sip, featuring popular varieties like Cinnamon Apple Spice, Sleepytime Extra, and Raspberry Zinger. The creative content emphasizes the brand's global ingredient sourcing, Boulder-based blending facility, and commitment to quality. With over 90 tea varieties, Celestial Seasonings maintains eco-friendly practices, using recyclable packaging and avoiding unnecessary packaging elements like strings and tags.
Hain Celestial Group (Nasdaq: HAIN), a leading global health and wellness company, has announced its plans to release fiscal first quarter 2025 financial results on Thursday, November 7, 2024, before the market opens. The company will host a conference call and webcast at 8:00 AM ET to discuss the results.
Key participants in the call will be Wendy Davidson, President and CEO, and Lee Boyce, CFO. The call will include prepared remarks followed by a Q&A session with covering analysts. While the press and public can listen to the Q&A, participation will be in listen-only mode.
Investors and analysts can access the call by dialing 800-717-1738 or 646-307-1865. The webcast and presentation will be available on the company's website at www.hain.com under the Investors section. A replay will be accessible until November 14, 2024, by dialing 844-512-2921 or 412-317-6671 with the conference ID: 1144700.
Hain Celestial Group (Nasdaq: HAIN) is launching a range of seasonal, better-for-you snacks and beverages for fall. The lineup includes:
- Garden Veggie Snacks™ Apple Straws
- Terra® Vegetable Chips Spiced Sweets & Apples
- Earth's Best® Sunny Days Snack Bars® in Apple flavor
- Greek Gods® Honey Yogurt
- Celestial Seasonings® Cinnamon Apple Spice herbal tea
- Imagine® Garden Tomato Creamy Soup
- Earth's Best Organic® Immune Support Yogurt Smoothie
- Celestial Seasonings® Sleepytime® Immune Support tea
These products are available at major retailers like Walmart, Amazon, and Target, as well as local and specialty shops.
Hain Celestial Group (Nasdaq: HAIN) has completed the sale of its ParmCrisps® snack brand to Our Home, an independent wholesome snacks company. This strategic move aims to optimize Hain's better-for-you portfolio and streamline its supply chain for improved operational efficiency and margin expansion. The proceeds from the sale will be used to reduce company debt.
This divestment aligns with Hain's Hain Reimagined transformation strategy, which focuses on accelerating growth in key brands across various categories. The company has also sold other brands like Thinsters® and Queen Helene® as part of this initiative. The sale of ParmCrisps will help reduce Hain's manufacturing footprint and simplify its co-manufacturer network and vendor base.
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.