HOBOKEN, N.J., Jan. 22, 2025 (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 second quarter before the market opens on Monday, February 10, 2025. 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 and Chief E ...

30+ years of expertise providing Americans with delicious foods & beverages made with high-quality ingredients and no artificial flavors and only colors from natural sourcesHOBOKEN, N.J., Jan. 7, 2025 /PRNewswire/ -- As we step into the New Year, Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading global health and wellness company whose purpose is to inspire healthier living through better-for-you brands, is helping consumers more easily embrace a healthier lifestyle with its wide range of delicious and c ...

In 2021, the United States faced a significant industry-wide shortage of infant formula due to COVID-19-related supply challenges which was exacerbated by a massive formula recall involving one of the industry's largest suppliers. Over 40% of the nation's formula supply was out of stock, resulting in empty store shelves and millions of caregivers desperately searching for alternative sources. Three years later, infant formula supply in the U.S. has improved, however, it has still not fully stabilized. "I'm ...

Accessibility StatementSkip Navigation The Innovation Experience Center is a vibrant, 2,200-square-foot working kitchen, designed to be a hub for hands-on creativity and sensory exploration. It will unite Hain teams, customers and partners to discover, design and develop as they ideate and advance better-for-you products for consumers across the globe. The space will be utilized for cross-functional product development, ingredient testing, quality reviews, category assessments, and evaluating the functional ...

The Hain Celestial Group (NASDAQ: HAIN ) stock price corrected sharply after the last quarter's results. However, factors impacting its results in the previous quarter are short-term and unlikely to recur as we move into the back half ofI have over 15 years of experience investing and have provided research services to mid-sized hedge funds with assets under management between $100 and $500 million. I also have had a brief stint as a sell-side analyst. I am now focusing primarily on managing my own money an ...

For the quarter ended September 2024, Hain Celestial (HAIN) reported revenue of $394.6 million, down 7.2% over the same period last year. EPS came in at -$0.04, compared to -$0.04 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $393.18 million, representing a surprise of +0.36%. The company delivered an EPS surprise of -100.00%, with the consensus EPS estimate being -$0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...

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, 2024 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. (Exact name of registrant as specified in its charter) Delaware 22-3240619 ...

Financial Data and Key Metrics Changes - Organic net sales declined by 5% year-over-year, similar to the decline rate in the fourth quarter of 2024, driven by a 4-point decrease in volume mix and a 1-point decrease in price [34][39] - Adjusted EBITDA for the first quarter was $22 million, down from $24 million a year ago, with an adjusted EBITDA margin of 5.7% [35][39] - Adjusted gross margin increased to 20.8%, up approximately 20 basis points year-over-year, driven by productivity improvements [35][39] Business Line Data and Key Metrics Changes - Snacks category faced challenges due to a promotional event shift, resulting in a decline, but Garden Veggie saw mid-single-digit TDP growth [20][21] - Baby & Kids segment showed improvement with the recovery of Earth's Best infant formula, with online sales growing double-digits [23][24] - Beverage category saw low-single-digit growth in Celestial Seasonings bag tea, with expectations for improved consumption due to marketing shifts [26][27] Market Data and Key Metrics Changes - North America organic net sales declined 6% year-over-year, primarily due to lower sales in Snacks and Meal Prep [39] - International organic net sales declined 3%, driven by lower sales in Meal Prep and Baby & Kids, but adjusted EBITDA increased by 17% [41] - Free cash flow was an outflow of $17 million, compared to an inflow of $7 million in the prior year, reflecting working capital impacts [42] Company Strategy and Development Direction - The company is focused on its Hain Reimagined strategy, emphasizing brand portfolio simplification and operational efficiency to drive growth [11][12] - Key initiatives include channel expansion in away-from-home and e-commerce, with double-digit growth in both channels [15][16] - The company aims to enhance household penetration for key brands and increase the contribution from new products in its innovation pipeline [16][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the pivot to growth in the second half of fiscal 2025, driven by promotional timing shifts and recovery in infant formula supply [10][45] - The macro environment remains challenging, but there is a growing consumer interest in better-for-you products [48][49] - The company expects to achieve flat or better organic net sales for fiscal 2025, with adjusted EBITDA growth in the mid-single-digit percentage range [45][46] Other Important Information - The company has taken $68 million in charges related to its transformation program, with total expected charges between $115 million and $125 million [37][38] - Net debt was reduced by $6 million in the quarter, with a long-term goal to lower leverage to 3 times adjusted EBITDA or less [43][44] Q&A Session Summary Question: Thoughts on overall category performance in snacking - Management noted that known promotional shifts impacted quarter one, but confidence remains for the back half of the year due to substantial known programs [52][53] Question: Outlook for Baby's formula and supply chain redundancies - Management confirmed that Earth's Best formula is a key growth vehicle, with supply restored across all formulations and redundancies built into inventory and manufacturing [59][60] Question: Consumer behavior in North America and Europe - Management highlighted a shift to private label in Europe, while in the U.S., consumers with discretionary income lean towards premium products, impacting shopping behavior [69][72]

Financial Performance - The company reported a year-over-year decline in net sales of 7.2%, with net sales of $394.6 million, slightly beating the consensus estimate of $393 million [1][5] - Organic sales decreased by 5% year-over-year, driven by a 4-point drop in volume/mix and a 1-point reduction in price [5] - Adjusted gross profit fell 6.1% to $81.9 million, but the adjusted gross margin expanded by 30 basis points to 20.8% [5] - Adjusted EBITDA was $22.4 million, down from $24.1 million in the year-ago quarter, with the adjusted EBITDA margin remaining flat at 5.7% [6] Segment Performance - North America segment net sales declined 11.1% year-over-year to $231.1 million, with organic net sales down 6% due to lower snack sales [7] - The North America segment's adjusted EBITDA dropped to $12.5 million, with the adjusted EBITDA margin decreasing by 180 basis points to 5.4% [8] - International segment net sales fell 0.9% to $163.5 million, with organic net sales down 3% due to lower sales in meal prep and baby & kids categories [8] - The International segment's adjusted EBITDA increased to $20.4 million, with the adjusted EBITDA margin expanding by 190 basis points to 12.5% [9] Strategic Initiatives - The company is focusing on refining its portfolio, streamlining operations, and investing in marketing for essential brands to improve gross margins and brand awareness [2] - Through revenue growth management, working capital optimization, and productivity enhancements, the company aims to generate resources for reinvestment and long-term shareholder value [3] Financial Position - The company ended the quarter with $56.9 million in cash and cash equivalents, long-term debt of $732.8 million, and total shareholders' equity of $963.7 million [10] - Net cash used in operating activities was $10.8 million, with a free cash outflow of $17 million during the quarter [10] Outlook - For fiscal 2025, the company expects organic net sales growth to be flat or better, with adjusted EBITDA projected to rise in the mid-single digits and gross margin anticipated to increase by at least 125 basis points [12] - The company anticipates generating at least $60 million in free cash flow for the year [12] - Hain Celestial's shares have gained 8.3% in the past three months, outperforming the industry's 0.7% decline [12]

Core Viewpoint - Hain Celestial reported a quarterly loss of $0.04 per share, missing the Zacks Consensus Estimate of a loss of $0.02, indicating a significant earnings surprise of -100% [1] - The company’s revenues for the quarter ended September 2024 were $394.6 million, slightly surpassing the Zacks Consensus Estimate by 0.36%, but down from $425.03 million year-over-year [2] Financial Performance - Over the last four quarters, Hain Celestial has exceeded consensus EPS estimates three times, but the recent report shows a loss consistent with the previous year [1][2] - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $440.09 million, and for the current fiscal year, it is $0.48 on revenues of $1.7 billion [7] Market Position - Hain Celestial shares have declined approximately 18.7% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The Zacks Industry Rank places the Food - Miscellaneous sector in the bottom 43% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] Future Outlook - The sustainability of Hain Celestial's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] - The estimate revisions trend for Hain Celestial is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]