The Hain Celestial Group, Inc. (HAIN) Bundle
An Overview of The Hain Celestial Group, Inc. (HAIN)
General Overview of The Hain Celestial Group, Inc. (HAIN)
The Hain Celestial Group, Inc. was founded in 1993 and is headquartered in Hoboken, New Jersey. It is a leading global health and wellness company dedicated to inspiring healthier living through better-for-you brands. Hain Celestial markets and sells its products across various categories, including snacks, baby and kids foods, beverages, meal preparation, and personal care, in over 70 countries worldwide. The company operates under two reportable segments: North America and International.
Leading brands under Hain Celestial include:
- Garden Veggie Snacks™
- Terra® Chips
- Garden of Eatin’® Snacks
- Hartley’s® Jelly
- Earth’s Best® and Ella’s Kitchen® (baby and kids foods)
- Celestial Seasonings® Teas
- Joya® and Natumi® (plant-based beverages)
- Greek Gods® Yogurt
- Cully & Sully®, Yorkshire Provender®, New Covent Garden®, and Imagine® (soups)
- Yves® and Linda McCartney’s® (meat-free products)
- Avalon Organics® (personal care)
In 2024, Hain Celestial reported net sales of approximately $394.6 million, down from $425.0 million in the prior year.
Company's Financial Performance in the Latest Financial Reports
For the three months ended September 30, 2024, The Hain Celestial Group reported the following financial results:
| Financial Metric | Q3 2024 | Q3 2023 |
|---|---|---|
| Net Sales | $394,596,000 | $425,029,000 |
| Cost of Sales | $312,986,000 | $341,086,000 |
| Gross Profit | $81,610,000 | $83,943,000 |
| Selling, General and Administrative Expenses | $71,328,000 | $77,169,000 |
| Operating Income (Loss) | $3,053,000 | ($2,278,000) |
| Net Loss | ($19,663,000) | ($10,376,000) |
| Net Loss per Common Share | $ (0.22) | $ (0.12) |
In terms of sales by product category for the same period:
| Product Category | Q3 2024 Sales | Q3 2023 Sales |
|---|---|---|
| Snacks | $99,475,000 | $117,088,000 |
| Baby & Kids | $60,768,000 | $62,528,000 |
| Beverages | $56,676,000 | $56,148,000 |
| Meal Preparation | $159,392,000 | $165,196,000 |
| Personal Care | $18,285,000 | $24,069,000 |
Geographically, for the three months ended September 30, 2024, net sales were distributed as follows:
| Region | Q3 2024 Sales | Q3 2023 Sales |
|---|---|---|
| United States | $202,773,000 | $230,659,000 |
| United Kingdom | $122,406,000 | $121,051,000 |
| Western Europe | $41,050,000 | $43,924,000 |
| Canada | $28,367,000 | $29,395,000 |
Hain Celestial as a Leader in the Industry
The Hain Celestial Group is recognized as a leader in the health and wellness industry, focusing on better-for-you products that cater to the changing preferences of consumers. The company's strategic pillars, including the Hain Reimagined Program, aim to optimize its brand portfolio and enhance growth potential. This program is expected to yield annualized pretax savings of $130 million to $150 million.
As of October 31, 2024, Hain Celestial had 90,194,130 shares outstanding. The company continues to adapt to market demands and expand its reach, solidifying its position within the sector.
Mission Statement of The Hain Celestial Group, Inc. (HAIN)
Mission Statement of The Hain Celestial Group, Inc.
The mission statement of The Hain Celestial Group, Inc. (HAIN) is centered on delivering high-quality, organic and natural products that enhance the health and well-being of consumers. This mission serves as a guiding principle for the company's long-term goals, shaping its strategies and operational decisions.
Core Component 1: Commitment to Quality
The first core component of HAIN’s mission statement emphasizes a strong commitment to the quality of its products. HAIN focuses on sourcing the finest organic and natural ingredients, ensuring that every product meets stringent quality standards. For instance, during the three months ended September 30, 2024, the company reported a gross profit of $81.6 million, reflecting a gross profit margin of 20.7%, an improvement from the previous year’s margin of 19.7%. This increase indicates HAIN's effective management of product quality and cost efficiency.
Core Component 2: Health and Wellness
The second core component highlights HAIN's dedication to promoting health and wellness among consumers. The company’s products are designed to cater to health-conscious individuals seeking nutritious options. In the fiscal quarter ending September 30, 2024, HAIN's net sales reached $394.6 million, which represents a 7.2% decline year-over-year, primarily due to decreased sales in the snacks and meal preparation categories. Despite this decline, HAIN continues to innovate and expand its product lines, focusing on health-oriented offerings that align with consumer trends towards organic and natural foods.
Core Component 3: Sustainability
Sustainability is the third core component of HAIN's mission statement. The company is committed to environmentally responsible practices throughout its supply chain. HAIN’s efforts in sustainability are reflected in its operational strategies, including a multi-year transformation program aimed at optimizing resource use and reducing waste. For example, in the three months ended September 30, 2024, HAIN recorded productivity and transformation costs of $5.0 million, down from $6.4 million in the same period the previous year, demonstrating improved operational efficiency.
| Financial Metrics | 2024 (Q3) | 2023 (Q3) | Change |
|---|---|---|---|
| Net Sales | $394.6 million | $425.0 million | -(7.2%) |
| Gross Profit | $81.6 million | $83.9 million | -(2.8%) |
| Adjusted EBITDA | $22.4 million | $24.1 million | -(7.1%) |
| Net Loss | $(19.7 million) | $(10.4 million) | +89.5% |
These financial metrics illustrate HAIN's ongoing challenges and its focus on maintaining quality, health, and sustainability in its mission as it navigates market fluctuations and consumer demands. Through its mission statement, HAIN articulates a clear commitment to these core values, guiding its strategic direction in 2024 and beyond.
Vision Statement of The Hain Celestial Group, Inc. (HAIN)
Vision Statement Overview
The Hain Celestial Group, Inc. envisions a future where it inspires healthier living for people, communities, and the planet through its portfolio of better-for-you brands. This vision reflects a commitment to sustainability and wellness, aiming to create positive impacts across its operations.
Commitment to Health and Wellness
The core of Hain Celestial's vision emphasizes a dedication to health and wellness. The company aims to provide products that contribute to healthier lifestyles, focusing on nutrition and well-being.
| Product Category | Net Sales (Q3 2024) | Net Sales (Q3 2023) | Percentage Change |
|---|---|---|---|
| Snacks | $99.5 million | $117.1 million | -15.1% |
| Baby & Kids | $60.8 million | $62.5 million | -2.7% |
| Beverages | $56.7 million | $56.1 million | +1.1% |
| Meal Preparation | $159.4 million | $165.2 million | -3.5% |
| Personal Care | $18.3 million | $24.1 million | -24.0% |
Sustainability Initiatives
In alignment with its vision, Hain Celestial is committed to sustainability. This involves responsible sourcing, reducing carbon footprint, and promoting eco-friendly practices throughout its supply chain.
Global Reach and Community Impact
The company aims to expand its global presence while making a positive impact on the communities it serves. Hain Celestial operates in over 70 countries, striving to enhance the quality of life globally.
| Geographic Region | Net Sales (Q3 2024) | Net Sales (Q3 2023) | Percentage Change |
|---|---|---|---|
| United States | $202.8 million | $230.7 million | -12.1% |
| United Kingdom | $122.4 million | $121.1 million | +1.1% |
| Western Europe | $41.1 million | $43.9 million | -6.4% |
| Canada | $28.4 million | $29.4 million | -3.4% |
Innovation and Brand Development
Hain Celestial emphasizes innovation in developing new products that cater to evolving consumer preferences, ensuring that its offerings remain relevant and aligned with its vision.
| Key Financial Metrics | Q3 2024 | Q3 2023 |
|---|---|---|
| Net Sales | $394.6 million | $425.0 million |
| Gross Profit | $81.6 million | $83.9 million |
| Net Loss | $(19.7) million | $(10.4) million |
| Adjusted EBITDA | $22.4 million | $24.1 million |
Future Aspirations
Looking ahead, Hain Celestial aims to enhance its market position through strategic initiatives such as the Hain Reimagined Program, which focuses on optimizing its portfolio and improving profitability.
| Hain Reimagined Program Financials | Estimated Total Charges | Expected Savings |
|---|---|---|
| Cumulative Charges | $115 million - $125 million | $130 million - $150 million annually |
Core Values of The Hain Celestial Group, Inc. (HAIN)
Health and Wellness
The Hain Celestial Group, Inc. prioritizes health and wellness as a core value, emphasizing the importance of delivering products that promote better living. This commitment is evident in their diverse portfolio, which includes organic and natural products across various categories.
For the three months ended September 30, 2024, Hain Celestial reported net sales of $394.6 million, with a focus on health-oriented segments such as snacks and beverages. Specifically, net sales for snacks were $99.5 million, while beverages accounted for $56.7 million.
Integrity
Integrity is fundamental to Hain Celestial’s operations, guiding their interactions with customers, suppliers, and stakeholders. The company adheres to high ethical standards, ensuring transparency and honesty in all business dealings.
In line with this value, Hain Celestial has initiated the Hain Reimagined Program, which aims to optimize their portfolio and improve profitability while maintaining ethical practices. For the three months ended September 30, 2024, the company incurred $5.0 million in productivity and transformation costs related to this program.
Innovation
Innovation is a driving force behind Hain Celestial's product development and market strategy. The company continuously invests in research and development to create new products that meet consumer demands for healthier options.
In fiscal 2024, Hain Celestial's Adjusted EBITDA increased to $22.4 million, reflecting their commitment to innovation and operational efficiency. This represents a strategic focus on improving margins through innovative product offerings.
Sustainability
Sustainability is a core value integrated into Hain Celestial’s business model. The company is dedicated to reducing its environmental footprint and promoting sustainable practices throughout its supply chain.
As part of their sustainability initiatives, Hain Celestial has committed to reducing waste and improving energy efficiency in manufacturing. The company aims to achieve $130 million to $150 million in annualized pretax savings through the Hain Reimagined Program, which includes sustainability measures.
Community Engagement
Community engagement is essential to Hain Celestial’s mission. The company actively participates in initiatives that support local communities and promote healthier lifestyles.
In 2024, Hain Celestial has reinforced its community commitment by focusing on partnerships that enhance nutrition education and access to healthy products. This aligns with their overall goal of inspiring healthier living globally.
| Core Values | Description | Examples | Financial Impact |
|---|---|---|---|
| Health and Wellness | Focus on delivering better-for-you products | Net sales in snacks: $99.5M; beverages: $56.7M | Net sales: $394.6M |
| Integrity | Commitment to ethical standards and transparency | Implementation of Hain Reimagined Program | Transformation costs: $5.0M |
| Innovation | Investing in R&D for new products | Increased Adjusted EBITDA to $22.4M | Improved operational efficiency |
| Sustainability | Reducing environmental footprint | Annualized savings of $130M-$150M | Cost reduction through sustainable practices |
| Community Engagement | Supporting local initiatives and nutrition education | Partnerships for healthier living | Enhanced brand reputation and loyalty |
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Resources:
- The Hain Celestial Group, Inc. (HAIN) Financial Statements – Access the full quarterly financial statements for Q1 2025 to get an in-depth view of The Hain Celestial Group, Inc. (HAIN)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View The Hain Celestial Group, Inc. (HAIN)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.