Hain Celestial Stock Price, News & Analysis

The Hain Celestial Group reported its second quarter results for FY2023, revealing a net income of $11.0 million, down from $30.9 million a year earlier. Adjusted net income was $18.3 million, reflecting a 318-basis point decrease in margins. Despite a 5% decrease in net sales to $454.2 million, adjusted EBITDA on a constant currency basis was $52.7 million with a margin of 11.0%. North America saw a 3% increase in net sales, while international sales fell 15%. The company has reaffirmed its full-year guidance for adjusted net sales and EBITDA growth of -1% to +4%.

The Hain Celestial Group (Nasdaq: HAIN) reported its second quarter results for the period ended December 31, 2022, showing a net income of $11.0 million, down from $30.9 million a year prior. Adjusted EBITDA on a constant currency basis was $52.7 million, a decline from $59.3 million year-over-year. Net sales decreased by 5% to $454.2 million. Notably, North America saw a 3% increase in net sales, while International net sales dropped by 15%. Despite these challenges, the company reaffirmed its fiscal 2023 guidance, expecting adjusted net sales and EBITDA growth between -1% to +4%. The leadership transition aims to drive sustainable growth in the organic products sector.

The Hain Celestial Group, Inc. (Nasdaq: HAIN) is set to discuss its Second Quarter Fiscal Year 2023 financial results on February 7, 2023, at 8:30 AM ET. The conference call will be conducted by the company's management team and is available via dial-in or webcast. Hain Celestial is recognized for its commitment to promoting a healthier lifestyle through its organic and natural products, operating across North America, Europe, Asia, and the Middle East. The company offers a diverse range of food and beverage brands, alongside personal care products, emphasizing its longstanding position in the health-focused market.

Hain Celestial Group, Inc. announced the divestiture of its Westbrae Natural brand to Bush Brothers & Company as part of its North America portfolio simplification plan. The transaction aims to enhance the company's focus on strategic brands with growth potential, thereby improving margins, cash flow, and future growth prospects. CEO Mark L. Schiller expressed optimism regarding this move, which aligns with their goal to drive more resources toward priority brands and innovation.

Hain Celestial has announced the appointment of Wendy P. Davidson as the new President and CEO effective January 1, 2023. Current CEO Mark L. Schiller will transition to a non-executive director role after leading the company for four years. Davidson brings significant experience in consumer packaged goods, having previously led Glanbia Performance Nutrition and held executive positions at Kellogg and Tyson Foods. The company aims to enhance its Hain 3.0 strategy to accelerate growth and deliver long-term value.

Hain Celestial reported a 3% decline in net sales to $439.4 million for Q1 2022, with adjusted net income of $9.2 million. North America segment saw an 8.6% increase in net sales, while international sales fell 20%. Gross profit margins decreased, contributing to a net income drop from $19.4 million in the prior year. Despite challenges, the company reaffirmed its fiscal 2023 guidance, suggesting potential growth in the second half, supported by price increases and improved supply chains.

Hain Celestial Group, Inc. has announced a conference call to discuss its First Quarter Fiscal Year 2023 financial results on November 8, 2022, at 8:30 AM ET. Investors can join the call via telephone or through a live webcast on the company's website. This call will provide insights into the company's performance and is part of its commitment to transparency with stakeholders.

Hain Celestial, a leader in organic and natural products, announced its participation in two upcoming conferences: the Barclays Global Consumer Staples Conference on September 7, 2022, at 3:45 PM ET in Boston, and the Piper Sandler Growth Frontiers Conference on September 13, 2022, at 11:00 AM ET in Nashville. Webcasts of these events can be accessed through the Investor Relations section on Hain Celestial's website. Hain continues to focus on promoting a healthier lifestyle across its extensive range of brands.

The Hain Celestial Group reported a 1.4% increase in fourth-quarter net sales to $457 million, buoyed by a 17.2% rise in North America. However, adjusted gross profit margin fell by 630 basis points, and adjusted net income decreased to $7.6 million compared to $39.7 million a year ago. For FY 2022, net sales declined by 4% to $1.89 billion, with North America showing a slight 5% increase due to price hikes. The company anticipates adjusted net sales and EBITDA growth of 1% to 4% in FY 2023 amid continued inflationary pressures and a recovering retail environment.