In a strategic maneuver, The Hain Celestial Group (HAIN) recently concluded the sale of its Thinsters cookie business to J&J Snack Foods in an all-cash transaction completed on Apr 8, 2024. This marks another step in HAIN's ongoing commitment to refining its portfolio and strengthening its financial position.Wendy Davidson, the president and CEO of Hain Celestial, highlighted the importance of the transaction, affirming, "Divesting Thinsters further streamlines our supply chain network and strengthens our a ...

HOBOKEN, N.J., April 9, 2024 /PRNewswire/ -- The Hain Celestial Group (Nasdaq: HAIN), a leading global health and wellness company whose purpose is to inspire healthier living through better-for-you brands, announced today that it has completed the sale of its Thinsters® cookie business to J&J Snack Foods. The all-cash transaction that closed on April 8, 2024, further optimizes the company's better-for-you portfolio and will be used to pay down company debt.  "Divesting Thinsters further streamlines our sup ...

| --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------|-------|-------|-----------------|-------|-------| | Operating (loss) income, GAAP | | | 2024 \n$ 27,389 | $ | | | Adjustments to Cost of sales: Plant closure related costs, net | | | | | | | Inventory write-downs related to exited categories | | | | | | | | | | | | | | Adjustments to Operating expenses (a): | | | | | | | | | | | | | | Certain litigation expenses, net(b) 2,482 | | | | | | | | | | | | | | ...

Part I - Financial Information [Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) Presents the unaudited consolidated financial statements of The Hain Celestial Group, Inc. as of December 31, 2023, covering key financial positions and performance [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Total assets slightly decreased to **$2.23 billion**, with stockholders' equity declining to **$995.8 million** as of December 31, 2023 Consolidated Balance Sheet Highlights (in thousands) | Account | Dec 31, 2023 | Jun 30, 2023 | | :--- | :--- | :--- | | **Total Current Assets** | $599,440 | $591,031 | | **Total Assets** | **$2,233,634** | **$2,258,639** | | **Total Current Liabilities** | $267,480 | $230,867 | | **Total Liabilities** | **$1,237,813** | **$1,240,732** | | **Total Stockholders' Equity** | **$995,821** | **$1,017,907** | [Consolidated Statements of Operations](index=6&type=section&id=Consolidated%20Statements%20of%20Operations) The company reported a net loss of **$13.5 million** for Q2 FY2024, a significant shift from prior-year net income, primarily due to impairment and higher costs Consolidated Statements of Operations Highlights (in thousands, except per share data) | Metric | Q2 2024 (3 mo ended Dec 31, 2023) | Q2 2023 (3 mo ended Dec 31, 2022) | YTD 2024 (6 mo ended Dec 31, 2023) | YTD 2023 (6 mo ended Dec 31, 2022) | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $454,100 | $454,208 | $879,129 | $893,559 | | **Gross Profit** | $102,215 | $103,857 | $186,158 | $198,192 | | **Operating (Loss) Income** | $(781) | $27,389 | $(3,059) | $43,212 | | **Net (Loss) Income** | **$(13,535)** | **$10,966** | **$(23,911)** | **$17,889** | | **Diluted EPS** | **$(0.15)** | **$0.12** | **$(0.27)** | **$0.20** | [Consolidated Statements of Cash Flows](index=10&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by **operating activities** significantly improved to **$34.7 million** for the six months ended December 31, 2023, ending with **$53.7 million** in cash Cash Flow Summary (in thousands) | Activity | Six Months Ended Dec 31, 2023 | Six Months Ended Dec 31, 2022 | | :--- | :--- | :--- | | **Net cash provided by (used in) operating activities** | $34,685 | $(2,652) | | **Net cash used in investing activities** | $(11,403) | $(6,014) | | **Net cash used in financing activities** | $(24,093) | $(10,892) | | **Net increase (decrease) in cash** | $308 | $(22,075) | | **Cash and cash equivalents at end of period** | $53,672 | $43,437 | [Notes to Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Detailed notes cover accounting policies, a **$20.7 million** asset impairment, **$40.4 million** in 'Hain Reimagined' program costs, debt updates, and ongoing legal proceedings - The company operates under two reportable segments: **North America** and **International**[25](index=25&type=chunk) - A non-cash **impairment charge** of **$20.7 million** was recognized in Q2 2024 related to certain production assets in the **North America** segment due to declining performance and cash flow projections[41](index=41&type=chunk) - The '**Hain Reimagined Program**', a multi-year **transformation initiative**, was launched in Q1 2024. For the six months ended Dec 31, 2023, the company incurred approximately **$40.4 million** in related expenses[100](index=100&type=chunk)[103](index=103&type=chunk) - The company is involved in multiple legal proceedings, including **consumer class actions** regarding **heavy metals in its Earth's Best baby food**, **securities class actions**, and is cooperating with a new **SEC investigation** that began in November 2023[107](index=107&type=chunk)[114](index=114&type=chunk)[120](index=120&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=41&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses flat Q2 net sales, a net loss impacted by impairment and restructuring, and improved operating cash flow for the six months ended December 31, 2023 [Hain Reimagined Program](index=41&type=section&id=Hain%20Reimagined%20Program) A multi-year transformation strategy launched in Q1 FY2024, targeting **$130-$150 million** in annualized pretax savings by fiscal 2027 - The program's four strategic pillars are: **Focus, Grow, Build, and Fuel**[133](index=133&type=chunk) Hain Reimagined Program Financial Targets | Metric | Expected Amount | | :--- | :--- | | Cumulative Pretax Charges | $115M - $125M | | Annualized Pretax Savings | $130M - $150M | - In the first six months of fiscal 2024, the company has already incurred approximately **$40 million** in expenses related to this program[133](index=133&type=chunk) [Results of Operations](index=42&type=section&id=Results%20of%20Operations) Q2 FY2024 net sales were flat at **$454.1 million**, with an operating loss of **$0.8 million** due to asset impairment and increased transformation costs Q2 FY2024 vs Q2 FY2023 Performance (Three Months Ended Dec 31) | Metric | Q2 2024 | Q2 2023 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Net Sales | $454.1M | $454.2M | ($0.1M) | 0.0% | | Gross Profit | $102.2M | $103.9M | ($1.6M) | (1.6)% | | Operating (Loss) Income | ($0.8M) | $27.4M | ($28.2M) | (102.9)% | | Net (Loss) Income | ($13.5M) | $11.0M | ($24.5M) | N/A | Segment Net Sales Performance (Q2 FY2024 vs Q2 FY2023) | Segment | Q2 2024 Net Sales | % Change YoY | | :--- | :--- | :--- | | North America | $267.7M | (5.2)% | | International | $186.4M | +8.5% | - The operating loss in Q2 was primarily caused by a **$20.7 million long-lived asset impairment** in **North America** and a **$5.9 million** year-over-year increase in productivity and transformation costs[140](index=140&type=chunk)[141](index=141&type=chunk) [Liquidity and Capital Resources](index=53&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity is adequate with **$53.7 million** cash and **$270.8 million** available credit, and operating cash flow significantly improved to **$34.7 million** - As of December 31, 2023, the company had **$270.8 million** available under its **Credit Agreement** and was in **compliance with all covenants**[193](index=193&type=chunk) Cash Flow Comparison (Six Months Ended Dec 31) | Flow | 2023 | 2022 | | :--- | :--- | :--- | | Cash from Operations | $34.7M | ($2.7M) | | Free Cash Flow | $22.0M | ($16.7M) | - The company repurchased **no shares** during the six months ended December 31, 2023, with **$173.5 million** remaining under the current authorization[201](index=201&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=57&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No significant changes in market risk exposures were reported from the prior fiscal year's Annual Report on Form 10-K - There have been **no significant changes** in market risk during the six months ended December 31, 2023[212](index=212&type=chunk) [Controls and Procedures](index=58&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were effective as of December 31, 2023, with no material changes in internal control over financial reporting - The CEO and CFO have concluded that the company's **disclosure controls and procedures** were effective as of December 31, 2023[213](index=213&type=chunk) - **No changes** occurred during the quarter that materially affected, or are reasonably likely to materially affect, the company's **internal control over financial reporting**[215](index=215&type=chunk) Part II - Other Information [Legal Proceedings](index=59&type=section&id=Item%201.%20Legal%20Proceedings) Refers to Note 17 for details on ongoing legal proceedings, including baby food litigation and a new SEC investigation - Information regarding legal proceedings is incorporated by reference from Note 17 of the Consolidated Financial Statements[217](index=217&type=chunk) [Risk Factors](index=59&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors previously disclosed in the Annual Report on Form 10-K for the fiscal year ended June 30, 2023 - There have been **no material changes** from the risk factors disclosed in the company's most recent Form 10-K[218](index=218&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=59&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No equity securities were repurchased under the company's share repurchase programs during the three months ended December 31, 2023 - **No shares were repurchased** under the company's share repurchase programs during the three months ended December 31, 2023[219](index=219&type=chunk) [Exhibits](index=60&type=section&id=Item%206.%20Exhibits) Lists exhibits filed with the Form 10-Q, including new equity award agreements and required CEO and CFO certifications - The exhibits include various corporate governance documents, new forms of **equity award agreements**, and **certifications** by the **CEO and CFO**[223](index=223&type=chunk)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-Q ___________________________________________ (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 or ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File No. 0-22818 _________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-K ___________________________________________ (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended June 30, 2023 or ☐ Transition Report pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 for the transition period from to . Commission File No. 0-22818 ____________________________ ...

The Hain Celestial Group, Inc. (NASDAQ:HAIN) Q4 2023 Earnings Conference Call August 24, 2023 8:00 AM ET Company Participants Alexis Tessier - Investor Relations Wendy Davidson - President and Chief Executive Officer Chris Bellairs - Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JPMorgan Alexia Howard - Bernstein Jim Salera - Stephens Inc Michael Lavery - Piper Sandler Matt Smith - Stifel David Palmer - Evercore ISI Anthony Vendetti - ...

Financial Performance Summary - FY23 adjusted net sales reached $1833 million, a decrease of 2.7% compared to FY22[35] - FY23 adjusted EBITDA was $174 million, a decrease of 13.1% compared to FY22[35] - Q4 FY23 adjusted net sales were $449 million, a decrease of 1.5% compared to Q4 FY22[32] - Q4 FY23 adjusted EBITDA was $435 million, an increase of 23.1% compared to Q4 FY22[32] - The company expects FY24 will be an inflection point as it pivots to topline growth[8] Segment Performance - North America FY23 adjusted net sales were $1111 million, a decrease of 3.8% compared to FY22[35] - International FY23 adjusted net sales were $722 million, a decrease of 10% compared to FY22[35] - North America Q4 FY23 adjusted net sales were $283 million, a decrease of 4.3% compared to Q4 FY22[32] - International Q4 FY23 adjusted net sales were $166 million, an increase of 3.6% compared to Q4 FY22[32] Brand Highlights - Garden Veggie dollar sales grew by 4% with a 14% growth in TDPs[14] - Earth's Best grew dollar sales 20%, excluding formula, with 19% TDP growth[14]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-Q ___________________________________________ (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2023 or ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File No. 0-22818 _____________________ ...

Hain Celestial Group, Inc. (NASDAQ:HAIN) Q3 2023 Results Conference Call May 9, 2023 8:00 AM ET Company Participants Alexis Tessier - Head, IR Wendy Davidson - President, CEO Chris Bellairs - EVP, CFO Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JP Morgan Michael Lavery - Piper Sandler Matt Smith - Stifel Jon Andersen - William Blair Alexia Howard - Bernstein Anthony Vendetti - Maxim Group Operator Greetings, and welcome to The Hain Celestial Third Quarter 2023 Earnings Conference Call ...