Hain Celestial Stock Price, News & Analysis

Hain Celestial Group (Nasdaq: HAIN) has appointed Chris Bellairs as the new Chief Financial Officer, effective February 4, 2022. Bellairs, previously CFO at Stone Brewing, succeeds Javier Idrovo, who will assist in the transition. Hain Celestial also provided a preliminary update for Q2 FY 2022, forecasting adjusted net sales to decline 1% to 3% and adjusted EBITDA to decrease 4% to 6% year-over-year, influenced by inflation and supply chain challenges. The full financial results are expected to be released on February 3, 2022.

The Hain Celestial Group, Inc. (Nasdaq: HAIN) will hold a conference call on February 3, 2022, at 8:30 AM ET to discuss its Second Quarter Fiscal Year 2022 financial results. Interested investors can join by dialing 877-407-9716 in the U.S. or 201-493-6779 internationally. The management team will provide insights, and the call will be accessible via a webcast on Hain's official website, under Investor Relations. Hain Celestial, headquartered in Lake Success, NY, is a prominent player in the organic and natural products sector.

The Hain Celestial Group (Nasdaq: HAIN) has pledged support to families affected by the recent Colorado wildfires, contributing significant donations from its brands like Live Clean^® and Celestial Seasonings^®. The initiative includes over 110,000 units of hand sanitizer and 10,000 boxes of tea, all part of the WE GOT THIS project aimed at providing ongoing relief. Additionally, Hain is helping impacted employees and sponsoring a GoFundMe for a family that lost their home, reflecting the company's commitment to community support and well-being during this crisis.

Hain Celestial Group will host a fireside chat at the 2022 ICR Conference on January 10, 2022, at 11:30 AM Eastern Time. Interested parties can access the webcast through the company's website under the Investor Relations section. Hain Celestial is recognized as a leading organic and natural products company with a wide array of well-known brands operating across North America, Europe, Asia, and the Middle East. Their commitment focuses on providing consumers with 'A Healthier Way of Life.'

The Hain Celestial Group has completed its acquisition of That’s How We Roll, known for its popular brands ParmCrisps® and Thinsters®. The acquisition cost approximately $259 million in cash, adjusted for working capital. This strategic move aims to enhance Hain's portfolio of healthier snack options. ParmCrisps® are high-protein cheese crisps, while Thinsters® are thin cookies made from non-GMO ingredients. Hain’s CEO expressed enthusiasm about collaborating with That’s How We Roll’s innovative team.

The Hain Celestial Group has announced the acquisition of That’s How We Roll, the company behind ParmCrisps® and Thinsters®, for approximately $259 million. This strategic purchase aims to bolster Hain's presence in the snacking sector, which has shown significant consumer demand for healthy snack options. That’s How We Roll generated around $108 million in net sales for the year ending September 30, 2021, and is expected to experience mid-teens growth in 2022. The deal is anticipated to enhance Hain's Adjusted EBITDA starting fiscal year 2022.

Clearlake Capital has signed a deal to sell Proven Brands, including ParmCrisps and Thinsters, to Hain Celestial for approximately $259 million. Since its acquisition in 2014, Proven Brands reported a ~6x revenue growth and increased employee count from 10 to over 250. The brands are positioned as leaders in their categories, with ParmCrisps being the fastest-growing cheese crisp brand in the U.S. The acquisition aims to support the next growth phase of these better-for-you snacks.

The Hain Celestial Group, Inc. (Nasdaq: HAIN) announced the closing of an underwritten secondary offering, where 12,379,504 shares were sold at $45.50 each by affiliates of Engaged Capital. Hain did not sell any shares but repurchased 1,700,000 shares at $45.00 per share, funded through its revolving credit facility. Engaged Capital, which continues to hold 1,900,792 shares post-offering, is winding down its investments. CEO Mark L. Schiller expressed gratitude for the support from Engaged Capital as Hain focuses on its Hain 3.0 strategy for growth.

The Hain Celestial Group (Nasdaq: HAIN) announced a secondary offering of 12,379,504 shares of common stock by affiliates of Engaged Capital. The Selling Stockholders will retain all net proceeds while Hain will not sell any stock. Concurrently, Hain plans to repurchase 1,700,000 shares from the Selling Stockholders, funded by its revolving credit facility. This closing depends on the offering's completion, and Morgan Stanley serves as the sole underwriter. Following the transaction, Engaged Capital will continue to hold 1,900,792 shares.