Hain Celestial sold cookie brand Thinsters to J&J Snack Foods for an undisclosed amount in an all-cash deal announced this week as part of the its overarching growth strategy.
Hain Celestial shares tumbled yesterday to their lowest point in at least five years after the company dropped its fiscal ’24 guidance and reported an unadjusted loss in its second quarter despite a “sequential improvement” in top and bottom-line performance...
Once a collector – if not always capable caretaker of – disparate food and beverage brands across categories, Hain Celestial has pared back its portfolio and now is focusing on five “consumer centric” platforms, including snacks, baby & kids, beverages,...
Hain Celestial, like other packaged food manufacturers, isn’t ready yet to lower prices, despite pressure from Whole Foods and other retailers and moderating inflation.
Hain Celestial is cautiously optimistic that the “macro environment is beginning to stabilize” and expects “modest sequential improvement in total company profit performance” in fiscal 2023 after better-than-expected sales in North America that softened...
Hain Celestial had a tough fiscal 2022 year but has a positive outlook on its North American business as supply chain disruptions abate and consumers remain loyal to the natural and organic segment.
Batting many of the same macro headwinds as the rest of the industry including continued inflation, supply chain disruptions, and ingredient and packaging shortages, Hain Celestial maintains a positive outlook on its North American business where consumer...
Hain Celestial is singing the same tune as many other CPG companies reporting quarterly earnings in the past month, and that is the back half of the year will be better than the first thanks to pricing increases to alleviate higher costs, increased inventory...
With the acquisitions late last month of snack brands ParmCrisps and Thinsters, the Hain Celestial Group is just getting started on a shopping spree that CEO Mark Schiller says will transform the company from a “holding company” with a far-reaching and...
Hain Celestial will raise prices a second time to offset higher than expected inflation and costs associated with supply chain and transportation challenges after successfully hiking prices in September roughly 6% to 10% across virtually every brand in...
Closing out a challenging fiscal year plagued by labor shortages, supply chain constraints, and higher-than-expected inflation, Hain Celestial executives are “very bullish on our future” after convincing retailers to accept price increases, implementing...
US retail sales of packaged tea have been sluggish in recent years, with Nielsen data* showing a flat market until 2020, when covid prompted a 16.8% surge, before everything slowed back down again. Celestial Seasonings, however, has maintained double-digit...
At least 86 lawsuits have now been filed against firms named in the recent Congressional Subcommittee report on heavy metals in baby food, including Beech-Nut Nutrition, which has just announced plans to exit the infant rice cereal category citing difficulties...
Hain Celestial’s baby food brand Earth’s Best “picked up significant distribution” in the company’s third quarter despite a congressional report released in February alleged there are ‘dangerously high’ trace levels of metals in baby foods produced by...
Hain Celestial is in the market for acquisitions to “bulk up in the categories that we prioritize,” even as it continues to shed underperforming brands and those with less mainstream consumer appeal, CEO Mark Schiller told analysts this week.
Natural and organic products specialist Hain Celestial is expecting to “double or even triple” ecommerce sales over the next two to three years as it dedicates more resources to boosting online sales.
Check out who’s moving onwards and upwards at Hershey, Starbucks, Coca-Cola, Hormel Foods, Tyson, General Mills, Hain Celestial and Campbell Soup in FoodNavigator-USA’s latest round-up of new hires in food and beverage.
A lawsuit alleging that Earth’s Best organic infant formula contains a “spectacular array” of ingredients prohibited in organic foods, reflects the plaintiff’s ignorance of USDA regulations, brand owner Hain Celestial argued in court documents filed Wednesday.
Hain Celestial has launched a new venture unit, Cultivate Ventures, that will invest in small, high-performing brands in the health and wellness arena.
Hain Celestial hopes to stay “one step ahead” of the conventional CPG manufacturers now flocking to the increasingly popular natural and organic space, which the New York-based firm has dominated for years, by better customizing marketing, pricing and...
'Millennials are increasingly health conscious...'
Mainstream retailers that have been slow to take up the natural and organic product mantle now are realizing the trend is not a flash-in-the-pan and are scrambling to stock more healthy options, which is good news for Hain Celestial, company executives...
The price differential between Hain Celestial’s brands and mainstream grocery brands will close over time as the big guns in consumer packaged goods come under increasing pressure to source non-GMO ingredients, predict bosses at the organic and natural...
Hain Celestial has posted another impressive set of quarterly figures, with rocketing sales growth for Greek Gods yogurts and Earth’s Best babyfood pouches, but warned that almond and chia prices are going through the roof.
Organic and natural foods specialist Hain Celestial has continued to generate strong growth in the US market while more mainstream consumer packaged food companies have suffered volume declines, says its boss.
While some of the biggest names in grocery have suffered volume declines in the US as consumers cut back and prices have risen to offset commodity and fuel inflation, Hain Celestial has bucked the trend and continued to generate strong growth in its home...
Hain Celestial has seen a drop in annual profits but it remains confident of consumer demand in the natural and organic market as sales crossed the $1bn mark for the first time.
