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.
Hain Celestial (NASDAQ: HAIN) provides natural and organic food and personal care products through brands committed to health-conscious consumers. This news hub offers investors and stakeholders centralized access to official company developments and market-moving information.
Track all essential updates including quarterly earnings announcements, product innovation launches, supply chain initiatives, and leadership changes. Our curated collection ensures you stay informed about HAIN's strategic priorities in the organic food sector without needing to search multiple sources.
The repository includes press releases on brand portfolio updates, regulatory filings, partnership announcements, and operational efficiency programs. Bookmark this page for real-time updates on how HAIN continues to adapt its better-for-you product lines to evolving consumer preferences and market conditions.
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.
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