Business
Hain Celestial Unlocks Fuel For Growth Through Productivity and Sourcing, Cash Management and Operational Efficiencies
Company on Track to Deliver >$60 Million Cost Savings in FY2024Advancing Hain Reimagined Multi-Year Growth Strategy HOBOKEN, N.J., Aug. 21, 2024 /PRNewswire/
About this update from The Hain Celestial Group, Inc.
[{"type":"text","content":"Company on Track to Deliver >$60 Million Cost Savings in FY2024Advancing Hain Reimagined Multi-Year Growth Strategy\nHOBOKEN, 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.\n\n \n \n \n \n \n \n\n \nIntroduced in September 2023, Hain Reimagined outlined comprehensive plans to transform the company into a globally integrated enterprise to drive scale and deliver long-term shareholder value. A key aspect of the strategy is unlocking fuel for growth, which is comprised of revenue growth management, cash management and operational efficiencies to fund the transformation.\nAs stated in Hain's Q3 FY2024 earnings, fuel initiatives, specifically sourcing and productivity programs, have generated operating cash flow to drive margin expansion while supporting investments in critical capabilities to strengthen the business. The company is on track to deliver more than $60M in cost savings by fiscal year-end.\nHain's Global Chief Supply Chain Officer, Steve Golliher, shares the inside story about how working capital management, operational efficiencies and best-in-class safety standards are setting the company up for future success in this latest post on The Hain Way corporate blog.\nAbout The Hain Celestial GroupHain Celestial Group is a leading health and wellness company whose purpose is to inspire healthier living for people, communities and the planet through better-for-you brands. For more than 30 years, Hain has intentionally focused on delivering nutrition and well-being that positively impacts today and tomorrow. Headquartered in Hoboken, N.J., Hain Celestial's products across snacks, baby/kids, beverages, meal preparation, and personal care, are marketed and sold in over 70 countries around the world. Our leading brands 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® (under license) m...