Hain Celestial(HAIN) - 2022 Q4 - Annual Report

Sales Performance - Turbocharge brands accounted for approximately 39% of consolidated net sales in fiscal 2022, up from 32% in fiscal 2020[44] - North America segment net sales were $1,163,132 thousand in fiscal 2022, representing 61% of total net sales[45] - International segment net sales were $728,661 thousand in fiscal 2022, representing 39% of total net sales[45] - Sales outside the United States represented approximately 45% of consolidated net sales in fiscal 2022, down from 52% in fiscal 2021[57] - Walmart Inc. accounted for approximately 15% of consolidated sales in fiscal 2022, up from 12% in fiscal 2020[56] - Targeted Investment brands accounted for approximately 35% of consolidated net sales in fiscal 2022, up from 32% in fiscal 2020[44] - Simplify brands accounted for approximately 5% of consolidated net sales in fiscal 2022, down from 17% in fiscal 2020[44] Manufacturing and Supply Chain - Approximately 51% of revenue in fiscal 2022 was derived from products manufactured at the company's own facilities[62] - Approximately 49% of sales in fiscal 2022 were derived from products manufactured by co-packers[65] - The company maintains long-term relationships with suppliers, with purchase arrangements generally made annually[68] - The company conducts audits of contract manufacturers to ensure compliance with food safety standards and specifications[78] Cost and Inflation - The company experienced significant input cost increases starting in the latter part of fiscal 2021, continuing through fiscal 2022, and expects this inflationary environment to persist throughout fiscal 2023[69] - A hypothetical 10% increase in the weighted average cost of primary inputs would have resulted in an increase to cost of sales of approximately $101 million based on fiscal year 2022 cost of goods sold[263] Foreign Exchange and Debt - A hypothetical 5% decrease in average foreign exchange rates would have led to a decrease in sales and operating income by approximately $42.3 million and $4.2 million, respectively, in fiscal 2022[260] - The company had $889 million of variable rate debt outstanding as of June 30, 2022, with interest rate swaps covering a notional amount of $630 million[258] - The company has approximately $131.8 million in notional amounts of cross-currency swaps and foreign currency exchange contracts as of June 30, 2022[262] Product Safety and Quality - The company utilizes a comprehensive product safety and quality management program, ensuring compliance with various regulations and standards[76] - The cumulative translation adjustments component of Accumulated Other Comprehensive Loss decreased by $102.1 million during the fiscal year ended June 30, 2022[261]