Wed, Aug 28, 8:30 PM (139 days ago)
The Hain Celestial Group, Inc. reported a net loss of $75,042 in fiscal 2024, an improvement from a loss of $116,537 in fiscal 2023. Revenue decreased by 3.4% to $1,736,286, primarily due to a decline in the North American segment, although international sales saw a 3.5% increase. Gross profit margin slightly decreased to 21.9%. The company initiated the "Hain Reimagined Program," aiming for $130-$150 million in annualized pretax savings by 2027, with restructuring costs expected to total $115-$125 million. Key risk factors include supply chain disruptions, input cost inflation, and competition from larger firms. Hain Celestial's debt as of June 30, 2024, was $744,092, with a total liquidity of $321,753 available under its credit agreement. The company continues to focus on strategic growth while addressing ongoing litigation related to its baby food products. The outlook remains cautious amidst economic uncertainties and potential market volatility.