Hain Celestial Stock Price, News & Analysis

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.

Hain Celestial Group (Nasdaq: HAIN), a global health and wellness company, announced its participation in three upcoming investor conferences. CEO Wendy Davidson and CFO Lee Boyce will participate in a fireside chat at the Stifel 2024 Cross Sector Insight Conference on June 5, 2024, at 8:35 a.m. E.T. Wendy Davidson will present at the William Blair 44th Annual Growth Stock Conference on June 6, 2024, at 10:40 a.m. C.T. Both executives will participate in a fireside chat at the 4th Annual Evercore ISI Consumer and Retail Conference on June 12, 2024, at 1:15 p.m. E.T. These events will be webcasted live and archived on the company's website under the 'Investors' section.

The Hain Celestial Group (NASDAQ: HAIN), a leader in health and wellness, has appointed Chris Jenkins as Global Head of Impact. Jenkins, previously leading Impact at Ella's Kitchen, will now oversee Hain's Global Impact Strategy, focusing on the growth of purpose-driven brands and sustainability initiatives. This appointment aims to enhance the company's commitment to creating healthier products, people, and the planet. Hain's portfolio includes Certified B Corp brands like Ella's Kitchen and Cully & Sully, and products such as Garden Veggie Snacks and Terra Chips. The recent 2023 Global Impact Report highlights Hain's efforts in reducing emissions, diverting food waste, and increasing renewable energy use.

Hain Celestial reported fiscal third quarter 2024 financial results, showcasing efforts to drive gross margin expansion, strong operating cash flow, and leverage improvement. Net sales down 3.7% to $438.4 million, gross profit margin increased 60 basis points to 22.1%, net loss decreased to $48.2 million, adjusted EBITDA up 17.5% to $43.8 million. North America segment saw a 6.5% decrease in net sales, while International segment net sales grew 1.0%. Fiscal 2024 guidance revised due to challenges in infant formula, snacks business, and personal care.

Hain Celestial Group (Nasdaq: HAIN) is taking strategic actions to simplify its portfolio and operating footprint to strengthen its balance sheet. These efforts include reducing SKU assortment by 62%, consolidating personal care manufacturing, and streamlining its co-manufacturing network globally. The company aims to unlock annualized savings, generate operating cash flow, pay down debt, and drive gross margin expansion. These actions align with the company's Hain Reimagined business strategy to design a winning brand portfolio across five categories.