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Hain Celestial(HAIN) - 2024 Q4 - Annual Report
2024-08-27 20:03
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, 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 (State or ...
Why Hain Celestial Stock Soared Today
The Motley Fool· 2024-08-27 20:02
Shares of the packaged-food company jumped on signs of a turnaround. Shares of Hain Celestial (HAIN 18.59%) were jumping today after the packaged-food company posted betterthan-expected results in its fiscal fourth-quarter earnings report. As of 2:57 p.m. EDT, the stock was up 21.2% on the news. Hain's profitability initiatives are paying off The maker of Celestial Seasonings tea and other products actually missed revenue estimates in the quarter, reporting a revenue decline of 6% to $418.8 million, which m ...
Hain Celestial Q4 Earnings Top, Hain Reimagined Strategy Yields
ZACKS· 2024-08-27 16:16
The Hain Celestial Group, Inc. (HAIN) posted fourth-quarter fiscal 2024 results, with the top line declining year over year but surpassing the Zacks Consensus Estimate. The bottom line rose year over year and beat the consensus mark. The fiscal 2024 marked a pivotal year for the company's Hain Reimagined strategy, during which it made significant strides in simplifying its operations and driving growth. The transition to a global operating model helped reduce geographic complexity, enhance scale and foster ...
Hain Celestial(HAIN) - 2024 Q4 - Earnings Call Transcript
2024-08-27 15:55
Financial Data and Key Metrics - Organic net sales growth for fiscal 2024 was ahead of guidance at down 2%, driven by 4% growth in International offset by a 6% decline in North America [28] - Adjusted EBITDA for fiscal 2024 was $155 million, at the high end of guidance, compared to $167 million in the prior year [28] - Adjusted gross margin increased 30 basis points year-over-year to 22.4% for fiscal 2024 [29] - Free cash flow generation improved significantly to $83 million in fiscal 2024, up from $39 million in the prior year, driven by working capital initiatives [33] - Net leverage ratio improved to 3.7x at the end of fiscal 2024, down from 4.1x at the beginning of the year [34] Business Segment Performance North America - Organic net sales declined 5% in Q4 2024, primarily due to lower sales in infant formula (260 bps drag) and Personal Care (170 bps drag) [32] - Adjusted EBITDA margin in North America decreased 150 bps year-over-year to 8% in Q4 2024 [32] - Snacks category showed positive momentum, with Garden Veggie Flavor Burst driving mid-single digit consumption growth [16] International - Organic net sales declined 4% in Q4 2024, with strong growth in beverages offset by softness in plant-based meat free and snacks [33] - Adjusted EBITDA margin improved 40 bps year-over-year to 17% in Q4 2024 [33] - European non-dairy beverage business drove mid-single digit organic net sales growth in the Beverage category [21] Market and Channel Performance - Away-from-home revenues grew low double-digits in both North America and International, with C-store count increasing 42% in the U.S. [12] - E-commerce saw growth in North America, with Garden Veggie up low-single digits and Celestial up mid-single digits [13] - Hartley's in the UK is positioned for a strong back-to-school season with plans to double feature space [18] Strategic Initiatives and Industry Competition - The company made significant progress on its Hain Reimagined strategy, achieving $65 million in savings from operational efficiency initiatives, exceeding the $61 million target [8] - Portfolio simplification included exiting non-strategic categories and brands, such as Queen Helene and Thinsters, and reducing SKUs in Personal Care by over 60% [6][51] - Innovation pipeline showed strong performance, with Sleepytime with Melatonin breaking into the top 100 SKUs in the tea category and Garden Veggie Flavor Burst being the 1 new product in the better-for-you snack category [14] Management Commentary on Operating Environment and Outlook - Management expects to pivot to growth in fiscal 2025, with organic net sales growth flat or better, adjusted EBITDA growth in the mid-single digits, and gross margin expansion of at least 125 bps [35] - The company remains committed to its long-term algorithm of 3%+ organic net sales CAGR, 400-500 bps of adjusted gross margin expansion, and adjusted EBITDA margin of 12%+ by fiscal 2027 [37] - Significant opportunities remain in working capital management, with a target of $165 million in savings outlined on Investor Day [10] Q&A Session Highlights Question: Drivers of potential outperformance in fiscal 2025 - Incremental outperformance could come from formula sales recovery in the back half, promotional shifts in snacks, and broader geographic distribution expansion for Greek Gods [41][42] - The company has regained distribution in 48,000 C-stores, with potential for additional overdrivers as these distribution points realize their velocity [44] Question: Impact of SKU rationalization and business exits - The flat organic sales outlook for fiscal 2025 includes headwinds from normal SKU rationalization within the current portfolio, not just whole category exits [54] - Business exits and divestitures, such as Thinsters and Queen Helene, have impacted reported sales, with the company providing an adjusted baseline for 2024 organic sales [55] Question: Outlook for the snacks portfolio - The company feels confident in its snacks portfolio, with Garden Veggie, Terra, and Garden of Eatin' gaining incremental ACV with large retail partners, moving from mid-20s to mid-70s ACV in some cases [71] - A new master brand campaign for Garden Veggie, "YUMbelievably Delicious," was launched to support the portfolio [72] Question: Tea business performance and outlook - Softness in Celestial Seasonings volumes was attributed to packaging changes (removing overwrap) and reduced promotional spend in Q4 in anticipation of a master brand campaign launch in early October [84] - New innovations, including a beauty wellness tea with Biotin and a lemon tea, are expected to contribute to growth in fiscal 2025 [85]
Hain Celestial(HAIN) - 2024 Q4 - Earnings Call Presentation
2024-08-27 15:54
Hain Celestial Fourth Quarter Fiscal Year 2024 Financial Results ARTNEY .. AVALON ORIGINAL 8 ORGANICS VEGEMINCE ORGANI therap ZESTY RANCH EGETABLES ORTILLA CHIPS CHICKE mplex NING Avocado Oil GARDEN Ella's SOUP CO LAVENDER Lead 02 300 IVe clean NO (cons regions and CULLY & SULLY NATURAL 98% == artier MaraNatha HEODAR Ella's S MILK-RESED POWIES Sleepytime" 00 Hortless (ELESTIAL Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of ...
Hain Celestial(HAIN) - 2024 Q4 - Annual Results
2024-08-27 11:10
Exhibit 99.1 Hain Celestial Reports Fourth Quarter and Fiscal Year 2024 Financial Results Delivers Strong Operating Cash Flow, Debt Reduction & Achieves Updated Guidance Company Positioned to Deliver Sustainable Growth in Fiscal 2025 HOBOKEN, N.J., August 27, 2024 — 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 reported financial results for its fourth quarter and fiscal year ended June 30, ...
Hain Celestial Reports Fourth Quarter and Fiscal Year 2024 Financial Results
GlobeNewswire News Room· 2024-08-27 11:00
Delivers Strong Operating Cash Flow, Debt Reduction & Achieves Updated Guidance Company Positioned to Deliver Sustainable Growth in Fiscal 2025 HOBOKEN, N.J., Aug. 27, 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 reported financial results for its fourth quarter and fiscal year ended June 30, 2024. "Fiscal 2024 was the foundational year of our Hain Reimagined strate ...
Hain Celestial (HAIN) Gears Up for Q4 Earnings: Things to Note
ZACKS· 2024-08-26 14:55
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].
Hain Celestial Unlocks Fuel For Growth Through Productivity and Sourcing, Cash Management and Operational Efficiencies
Prnewswire· 2024-08-21 12:30
Company on Track to Deliver >$60 Million Cost Savings in FY2024 Advancing Hain Reimagined Multi-Year Growth Strategy HOBOKEN, N.J., Aug. 21, 2024 /PRNewswire/ -- The 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, has taken strategic actions to progress the Fuel pillar of its Hain Reimagined multi-year business strategy. The Hain Celestial Group, Chief Supply Chain Officer, shares the inside s ...
Hain Celestial To Participate in Upcoming Investor Conferences
GlobeNewswire News Room· 2024-08-20 20:15
Core Insights - Hain Celestial Group is actively participating in three upcoming investor conferences, showcasing its commitment to engaging with investors and stakeholders [1][2]. Group 1: Upcoming Events - On September 4, 2024, Wendy Davidson, President and CEO, and Lee Boyce, CFO, will participate in a fireside chat at the Barclays 17th Annual Global Consumer Staples Conference at 2:15 p.m. E.T. [1] - On September 10, 2024, Lee Boyce, CFO, will participate in a fireside chat at the Piper Sandler Growth Frontiers Conference at 2:30 p.m. C.T. [2] - On September 16, 2024, Wendy Davidson and Lee Boyce will host virtual investor meetings at the CL King 22nd Annual Best Ideas Conference [2]. Group 2: Access to Events - Live webcasts of the fireside chats will be available on the company's corporate website under the "Investors" section, with replays accessible for those unable to attend live [3]. Group 3: Company Overview - Hain Celestial Group is a leading health and wellness company focused on inspiring healthier living through better-for-you brands, with over 30 years of experience in delivering nutrition and well-being [4]. - The company is headquartered in Hoboken, N.J., and its products are marketed and sold in over 70 countries, including a diverse range of brands across snacks, beverages, and personal care [4].