hain celestial earnings transcript
They're worried about staying healthy. The key to doing that continues to be top line growth, because most of those are self manufactured and we get tremendous absorption benefits as we fill up the plants. Thank you. Thanks. There was that initial massive surge in March and it's kind of stabilized at about double what it was pre-pandemic. Gross margin improved 260 basis points, driven by our top line growth, improved product mix, better overhead absorption in our plants and significant supply chain productivity initiatives. You’re looking at categories with 30%, 35%, 40% private label, whereas here, it’s a much smaller number. And while there still is a tail and you saw that in the four brands that we divested in Q4 and Danival that we divested earlier this quarter, a lot of the heavy lifting has been done, but there is -- the fruit business is something we're going to have to deal with at some point in the future. When do you have that bandwidth if you don’t have it already? We had 70% service in Personal Care for nine months as an example. Sales of the Get Better brands also improved to virtually flat after adjusting for divestitures and discontinued brands, driven by strong momentum in our center of store cooking brands. Our mission is to be the leading marketer, manufacturer and seller of organic and natural, better-for-you products. So I'll let Javier talk about our capital allocation strategy. Here, I don't think people are as cash-strapped because of all the stimulus that we've put in place and private label is less accepted here and used in normal life than it is over there. Okay. It's just a little bit more of a muted surge and certainly a slower reopening of the economy. So it's -- it really depends on what you're looking at specifically. Sensible Portions led the way growing share significantly and delivering double-digit top line growth on top of double-digit growth last year. So when I tell you, we've got a big private label non-dairy business in Europe, that is important because 40% of the category is private label. What's interesting right now in -- on marketing is, if you think about it, airlines aren't marketing, cruise lines aren't marketing, hotels aren't marketing, so the cost of marketing has dropped dramatically. Hain Celestial Beats Q3 Earnings and Revenue Estimates Wednesday, 6 May 2020 zacks. The Get Better brands, which are being managed for profit grew adjusted EBITDA dollars 214% and improved adjusted EBITDA margin, a very strong 600 basis points to 8.4%. Our Screamin’ Hot innovation has very strong velocities and we continue to expand distribution and we have innovation on Garden of Eatin’ and Terra which will ship later this year. The development of private label is double what it is here. ET. Any reproduction, redistribution or retransmission is expressly prohibited. Mark L. Schiller -- President and Chief Executive Officer. Our next question comes from the line of Ken Goldman with JPMorgan. Question on gross margin. I know your portfolio has evolved. Congrats to you and the team on the solid execution this year all things considered, and thanks very much for the question. I’d be happy to take that one. Foreign exchange impact on the quarter was a headwind of 160 basis points. The only business we really have that is summer oriented is Sun Care, and you sell all of that in the spring. Okay. But if you go to the store now you’ll see pretty much every store in America has got a lot of hand sanitizer in it. Call Participants. So there is still plenty of innings left in the ball game in the middle of the P&L in terms of margin and we expect that those improvements will be on top of what we've already delivered. On my first day I committed to you a culture of credibility and while I have complete confidence in our team, our brands, in our business plan, given the unprecedented volatility and uncertainty of COVIDs impact on consumers, customers and the economy, there are many unknowns that make it difficult to provide specific guidance. Thank you all for your time today. In snacks, Hain was growing new buyers and repeat rates before the onset of the virus. Transcripts Your Highlights Search in Documents. This brand had sales of $22 million and adjusted EBITDA of $1 million. Its brands include Alba Botanica, Avalon Organics, Earth’s Best, JASON, Live Clean, One Step, and Queen Helene. So for this year, Alexia, our overall marketing spending grew about 5%, that's 2020 versus 2019. Thank you all for your time today. May-20-20 08:34AM : Increased Earnings … Design to value, taking out the bells and whistles that consumers aren't willing to pay for in the products and cost reducing them, continued management of distribution and warehousing costs, better forecasting, which leads to less discards and customer fines, and there is a mix benefit within there as well, because there are some high-margin businesses in the Get Better bucket like our oils business that's growing double-digit now, and so there is a mix opportunity within the Get Better bucket as well. Stock Advisor launched in February of 2002. Third, we are generating much better cash flows. The North America SKU rationalization that started last year also helped fuel our quarterly consolidated gross margin. We will bring some more color to our plan for F’21. Its brands include Alba Botanica, Avalon Organics, Earth’s Best, JASON, Live Clean, One Step, and Queen Helene. On the Get Better brands, which — remember back at Investor Day, they were 50% of our sales and virtually zero percent of our profit. The Get Bigger brands experienced 18% net sales growth. But we’ve always had a very robust, the Amazon business I think I’ve said on previous calls that Sensible Portions is one of the top food branda on Amazon. Prepared Remarks: Operator. Normally we wouldn’t give out headlines within the current quarter, but because we aren’t giving specific guidance for the year and are already two-thirds of the way through the quarter, we also have some directional information on Q1. So I want to make sure I continue to do both and providing and in providing as much detail as I can reasonably forecast at this time. When you get to Continental Europe and you look at places like Germany or Austria, where we have factories, it's business as usual. Listen to on-demand earnings calls of The Hain Celestial Group, Inc. (HAIN) stock Yes. While we as most CPGs have benefited from COVID thus far, we have confidence that the improvements made before and during the pandemic will continue going forward. So for example, in tea, where we’ve been growing 30% plus for the last five months, we’re introducing 14 new items in tea. Our next question comes from the line of Bill Chappell with Truist Securities. So from a pandemic standpoint, the two categories that have been hit the hardest are fruit, which we talked a lot about on the call and baby food. You remember, we've got a big tea business and soup business and so we tend to skew more heavily to the winter. And then just a follow-up on the online business. Normally we wouldn't give out headlines within the current quarter, but because we aren't giving specific guidance for the year and are already two-thirds of the way through the quarter, we also have some directional information on Q1. The Hain Celestial Group has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, February 4th, 2021 based off prior year's report dates. We are ready for acquisitions if the right one comes along. The only business we really have that is summer oriented is Sun Care, and you sell all of that in the spring. We grew sales in all of our Get Bigger categories and have seen relatively stable double-digit consumption growth during the last five months of the pandemic, after the initial surge in March. Hain Celestial (HAIN) Robust on Transformation Strategy 10.11. Mom's we're making their own baby food when they were self isolating and matching up bananas and carrots and things that they would typically buy in a packaged good format when they're out and about and need something on the go. So first of all, can I just dig into the productivity improvements that are quoting the pumped capex this year. The Get Bigger brands experienced 18% net sales growth. The Hain Celestial Group, Inc. engages in the production and distribution of organic and natural products. Do you have a timeframe on when you expect to reach a decision on that. Within International, we had strong growth in a number of our number one and number two brands in constant currency, with non-dairy beverages continuing double-digit growth that started last year. From a profitability perspective, Q4 delivered year-over-year adjusted gross margin and dollar expansion and adjusted EBITDA margin and dollar expansion. It has consistently picked up share during the pandemic, although again sales have been somewhat challenged and in the United States, we have Earth’s Best, which is another fantastic brand. Here, I don’t think people are as cash-strapped because of all the stimulus that we’ve put in place and private label is less accepted here and used in normal life than it is over there. Specifically for the fourth quarter, our North America business expanded adjusted gross margin by about 350 basis points resulting in adjusted gross profit of $83 million or an increase of 20% versus Q4 last year. So look, we’re going to see continued steady progress on margin. Prepared Remarks: Operator. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. When accounting for all channels, our Personal Care portfolio is growing 30% faster than what you can see in the 12 week MULO data with Alba and Live Clean consumption for both brands growing more than 40%. So what -- to what extent are you guys expecting sales in this category to continue to remain strong into the first quarter and beyond? Fourth quarter adjusted EBITDA increased to $62 million compared to $49 million in the prior year period. All those kinds of things improved the relationship. So I would echo what Mark said, I wouldn’t necessarily say that share repurchases come higher than M&A. From an adjusted EBITDA standpoint, we delivered a total impact of about $4 million -- $5 million to $6 million in the fourht quarter. During the course of this call, management may make forward-looking statements within the meaning of the federal securities laws. We have very strong relationships. And I think that they have figured out how to contain the pandemic and keep the economy moving where it's been more either or here. Hain Celestial Group Inc (NASDAQ: HAIN) Q3 2019 Earnings Call May. The company was founded by Irwin David Simon … We thank you in advance for your patience and understanding. And that is going to bode well in terms of us picking up space. The Hain Celestial Group is a leading organic and natural products company with operations in North America, Europe and India. I think you’ve alluded to what kind of projects those are going to be, but how much cost saving do you actually plan to get out, over what time frame as a result of those — that spend? I’m seeing more like 10% growth on the brands there, but I don’t have great visibility into panel data in terms of increased households and repeat rate. This is a healthy balance sheet with excellent capital allocation flexibility. We have some good brands there. Zacks. Welcome to The Hain Celestial Group third quarter fiscal year 2019 earnings conference call. 5 Consumer Staple Stocks to Trump Earnings Despite Coronavirus zacks. Net sales decreased 3% and were roughly flat when adjusted for foreign exchange compared to Q4 of last year. In fiscal 2020, the company used $60 million to repurchase 2.6 million shares or 2.4% of our outstanding common stock. What have you seen there during this quarter? So we’re optimistic that we will start to see the top line turn and the profitability will continue to expand. Our next question comes from the line of Alexia Howard with Bernstein. That said, we have a terrific brand in the UK, Ella's, which is a super premium brand category leader. When I joined Hain, I committed to provide a new level of transparency and I also committed to deliver what I promised. For the quarter ending September 30, we expect mid single-digit top line growth after adjusting for divestitures and discontinued brands with margin improvement and adjusted EBITDA growth comparable to what we delivered in the second half of fiscal ’20. With regard to online. We have some innovation coming particularly in snacking in Baby Food, which is a much higher margin than the formula and the pouches. So that's where we've got some work to do. The Hain Celestial Group, Inc. (HAIN) CEO Mark Schiller on Q4 2020 Results - Earnings Call Transcript Aug. 25, 2020 at 3:00 p.m. You reached over 25% in the second half of the fiscal year, which was great. And this year, Javier? The Price to Free Cash Flow ratio or P/FCF is reported at 27.93. William Chappell -- Truist Securities -- Analyst. Our next question comes from the line of Bill Chappell with Truist Securities. [Operator Instructions]. So, any thoughts there? On the call today are Mark Schiller, President and Chief Executive Officer; and Javier Idrovo, Executive Vice President and Chief Financial Officer. Foreign exchange represented a $7 million headwind. There was that initial massive surge in March and it’s kind of stabilized at about double what it was pre-pandemic. Our next question comes from the line of Anthony Vendetti with Maxim Group. The company was founded by Irwin David Simon … Okay. Hain Celestial Group Inc (HAIN) Q1 2021 Earnings Call Transcript. After strong double-digit top line growth last quarter, our Get Bigger brands delivered an even stronger Q4. We've sharpened our pricing. When I got here, there was no volume minimum and no bracket pricing. Key Exhibits . If you were to think about in — fiscal year beyond the COVID period fiscal ’22 is probably the first clean year, is the EBITDA for that in your own internal planning, EBITDA for that year higher after — versus say six months ago either result of COVID itself and some of the factors you see playing out or just internally what’s running in parallel in terms of your own portfolio management. It's a great question. Just kind of big picture, I mean you certainly in North America have some strong momentum even excluding COVID. Our next question comes from the line of Alexia Howard with Bernstein. So we don't even buy the syndicated data. Hey, good morning. 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