Core Insights - Hain Celestial Group reported a strong operating cash flow and significant debt reduction, positioning the company for sustainable growth in fiscal 2025 [1][2] - The company achieved an updated guidance for fiscal 2025, focusing on commercial execution to enhance both top- and bottom-line growth [2][29] Financial Highlights - For the fourth quarter of fiscal 2024, net sales were $419 million, a decrease of 6% year-over-year, with organic net sales down 4% [3][5] - Gross profit margin improved to 23.4%, a 90-basis point increase from the prior year, while adjusted gross profit margin also rose to 23.4% [3] - The net loss for the fourth quarter was $3 million, an improvement from a net loss of $19 million in the prior year [3] - For the full fiscal year 2024, net sales totaled $1,736 million, down 3% year-over-year, with organic net sales decreasing by 2% [5][6] Cash Flow and Balance Sheet - Net cash provided by operating activities in the fourth quarter was $39 million, compared to $41 million in the prior year [7] - Free cash flow for the fourth quarter was $31 million, down from $34 million in the prior year [7] - Total debt at the end of the fiscal year was $744 million, reduced from $829 million at the beginning of the year, with net debt decreasing to $690 million [7] Segment Highlights - North America segment reported a 6% decline in organic net sales for fiscal 2024, primarily due to lower sales in infant formula and personal care [10][13] - The International segment saw a 4% increase in organic net sales for fiscal 2024, driven by growth in soups and beverages [19][21] - In the fourth quarter, the North America segment's gross profit was $59 million, a decrease of 7% from the prior year, while the International segment's gross profit increased by 5% to $39 million [11][17] Category Highlights - Snacks category experienced a 6% decline in net sales for the fourth quarter, while beverages grew by 3% [23][26] - The personal care category faced a significant decline of 21% in net sales for the fourth quarter, attributed to portfolio simplification [28] Fiscal 2025 Guidance - The company expects organic net sales growth to be flat or better in fiscal 2025, with adjusted EBITDA anticipated to grow by mid-single digits [29] - Gross margin is projected to increase by at least 125 basis points, and free cash flow is expected to reach at least $60 million [29]

Core Viewpoint - Hain Celestial Group, Inc. is expected to report declines in both revenue and earnings for the fourth quarter of fiscal 2024, with significant challenges in its North America segment impacting overall performance [1][2][3]. Revenue Summary - The Zacks Consensus Estimate for Hain Celestial's fourth-quarter revenues is $418.2 million, reflecting a 6.6% decrease from the same quarter last year [1]. - For fiscal 2024, the consensus revenue estimate is $1.7 billion, indicating a 3.4% decline year-over-year [1]. Earnings Summary - The consensus estimate for quarterly earnings remains at 8 cents per share, representing a 27.3% decline from the prior-year quarter [2]. - For fiscal 2024, the earnings consensus is pegged at 29 cents per share, indicating a 42% slump compared to the previous year [2]. Segment Performance - The North America unit is experiencing persistent weakness, particularly in the baby and kids category, with an expected organic sales decline of 7.3% for the upcoming quarter [3]. - Management projects an overall organic sales decline of 3-4% for fiscal 2024, with an anticipated decline of 4.4% based on current models [4]. EBITDA and Strategy - The company expects adjusted EBITDA for the full year to be between $150 million and $155 million, reflecting a year-over-year decline [4]. - Despite these challenges, the strength of Hain Celestial's multi-year Reimagined strategy and growth in the International segment, projected to reach $676.8 million (a 2.9% increase year-over-year), may provide some support [5]. Earnings Prediction Model - The current model does not predict an earnings beat for Hain Celestial, as it holds a Zacks Rank of 3 and an Earnings ESP of 0.00% [6].

Core Insights - The Hain Celestial Group is on track to achieve over $60 million in cost savings by the end of fiscal year 2024 as part of its multi-year growth strategy [1][3] - The "Hain Reimagined" strategy, introduced in September 2023, aims to transform the company into a globally integrated enterprise focused on revenue growth management, cash management, and operational efficiencies [2][3] Financial Performance - Hain's Q3 FY2024 earnings report highlights that fuel initiatives, including sourcing and productivity programs, have generated operating cash flow that supports margin expansion and investments in critical capabilities [3] Strategic Initiatives - The company is focusing on working capital management, operational efficiencies, and best-in-class safety standards to position itself for future success [2][4] - The "Fuel" pillar of the Hain Reimagined strategy is essential for funding the transformation and driving long-term shareholder value [2] Company Overview - Hain Celestial Group is a leading health and wellness company with a mission to inspire healthier living through better-for-you brands, operating in over 70 countries [5] - The company's product portfolio includes various categories such as snacks, beverages, and personal care, featuring well-known brands like Garden Veggie Snacks™, Celestial Seasonings®, and Earth's Best® [5]

Recently Retired Kimberly-Clark Chief Growth Officer and Former Coca-Cola Executive Brings Extensive Global Marketing, e-Commerce, and Digital Leadership to Hain Board HOBOKEN, N.J., Aug. 19, 2024 /PRNewswire/ -- Hain Celestial Group (Nasdaq: HAIN), a leading global health and wellness company whose purpose is to inspire healthier living through better-for-you brands, today announced that Alison Lewis has been appointed to its Board of Directors effective September 1, 2024. She will serve on the Compensatio ...

HOBOKEN, N.J., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Hain Celestial Group (Nasdaq: HAIN), a leading global health and wellness company whose purpose is to inspire healthier living through better-for-you brands, plans to issue its financial results for the fiscal fourth quarter and full year before the market opens on Tuesday, August 27, 2024. The company will host a conference call, which will be webcast, to discuss the results at 8:00 AM ET. Speaking on behalf of Hain Celestial will be Wendy Davidson, Presiden ...

HOBOKEN, N.J., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Hain Celestial Group (NASDAQ:HAIN), a leading global health and wellness company whose purpose is to inspire healthier living through better-for-you brands, plans to issue its financial results for the fiscal fourth quarter and full year before the market opens on Tuesday, August 27, 2024. The company will host a conference call, which will be webcast, to discuss the results at 8:00 AM ET. Speaking on behalf of Hain Celestial will be Wendy Davidson, President ...

Core Insights - The back-to-school season is a significant time for families, with 80% of parents planning to enroll their children in extracurricular activities [1] - Hain Celestial Group offers a range of health-focused snacks and meal prep solutions aimed at meeting the needs of busy families during this season [2][3] Product Offerings - Hain Celestial provides a variety of better-for-you snacks, including Garden Veggie Snacks™ and Earth's Best® Organic products, which are designed to appeal to children and parents alike [4][6] - The company emphasizes the importance of nutritious breakfasts and lunches, featuring products like MaraNatha® Almond Butter and Greek Gods® Yogurt, which are marketed as healthy options for families [6][8] Consumer Trends - More than half of parents are seeking healthier snack options that their children will enjoy, with 58% of consumers interested in convenient snacks for on-the-go consumption [3][9] - The demand for organic and nutritious food options is reflected in the popularity of products like Earth's Best® Organic Pouches, which cater to the dietary needs of young children [8][9] Retail Presence - Hain Celestial's products are available at major retailers such as Walmart, Amazon, and Target, as well as local grocery stores, indicating a strong market presence [9] Company Overview - Hain Celestial Group is a leading health and wellness company focused on inspiring healthier living through its diverse range of brands, which are marketed in over 75 countries [10]

Core Insights - Hain Celestial Group launched a new corporate blog called The Hain Way, aimed at sharing knowledge and insights about the company's transformation and trends in the health and wellness sector [3][4][5] - The blog serves as a platform for transparency and thought leadership, inviting engagement with the company's mission to create purpose-driven brands [4][5] - The content includes articles, interviews, and analyses from company experts and industry leaders, focusing on the Hain Reimagined growth strategy and global initiatives [5][6] Company Overview - Hain Celestial Group is a leading health and wellness company with over 30 years of experience, dedicated to inspiring healthier living through better-for-you brands [2][3] - The company is headquartered in Hoboken, N.J., and its products are marketed in over 75 countries, covering categories such as snacks, baby/kids foods, beverages, meal preparation, and personal care [2][3] - Notable brands under Hain Celestial include Garden Veggie™, Terra®, Earth's Best®, Celestial Seasonings®, and many others [2][3]

Core Insights - Hain Celestial Group is investing in a decarbonization project at its Histon facility in the UK, aiming to reduce GHG emissions by 42% globally by 2030 [1][8] - The project includes upgrading the anaerobic digestion plant to process fruit waste into biogas, which will generate electricity and create a closed-loop energy system [3][5] - The new system will increase green energy production to 25% of the facility's total electricity needs [5][7] Investment and Sustainability Goals - The Histon site is a model for Hain's sustainability efforts and is ISO 14001 certified, showcasing the company's commitment to environmental impact reduction [8] - Hain aims for 100% renewable energy use and 90% diversion of food waste from landfills by 2025 [7] - The company has set specific targets aligned with the Science Based Targets Initiative to cut Scope 1 and 2 emissions by 42% and Scope 3 emissions by 25% by FY 2030, using 2022 as a baseline [8][9] Operational Impact - The investment in decarbonization technologies, including anaerobic digestion, exemplifies Hain's commitment to environmentally sound business practices [9] - The Histon facility produces many of Hain's popular brands, indicating the strategic importance of this site in the company's overall operations [4][6]

HOBOKEN, N.J., May 29, 2024 (GLOBE NEWSWIRE) -- Hain Celestial Group (Nasdaq: HAIN), a leading global health and wellness company whose purpose is to inspire healthier living through better-for-you brands, today announced participation in three upcoming investor conferences. Live webcasts of the events will be available through the company's corporate website, www.Hain.com, under the "Investors" section. A replay of the webcasts will be archived on the company's website. About The Hain Celestial Group Alexi ...