Hain Celestial's Snacks Weren't Offering Much Value Anyway — Market Talk

Dow Jones Newswires

Hain Celestial's decision to sell its North American snack business is either a constructive first step to reshaping the portfolio, or selling the company in its entirety, Davidson analysts say in a research note. Snacks appeared to be a valuable asset a few years ago, the analysts say. But weakness across the wider category, coupled with Hain's underperformance within said category, have made its snack brands less strategic. The company still has a lot of work to do on its turnaround, the analysts say. But the divestiture suggests Hain at least has opportunities to explore. Shares climb 13%. (connor.hart@wsj.com)

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Hain Celestial Agrees to Sell North American Snack Unit for $115 Million — Update

Dow Jones Newswires

Hain Celestial

-3.23%

By Connor Hart

Hain Celestial Group agreed to sell its North American snacks business to Snackruptors, a Canadian family-owned snack manufacturer, for $115 million in cash.

The Hoboken, N.J., company said Monday that shedding the unit, which includes Garden Veggie Snacks and Terra chips, will allow it to move forward with a simplified portfolio focused on core categories and markets.

Shares were recently trading 16% higher, at $1.41. Despite the gain, the stock has lost more than 70% of its value over the past year.

William Blair analysts said they viewed the sale as a constructive first step in the execution phase of Hain's ongoing strategic review, which the company initiated last May.

Hain's launched its strategic review after several consecutive quarters of downbeat results, and the company at that time said its North American business was largely to blame. Weak snack sales resulted in slower-than-anticipated volume recoveries, which were exacerbated by the volatile macroeconomic environment, it said.

Since then, the company's turnaround has gotten off to a bumpy start. Hain in September reported weak fourth-quarter results, prompting the company to ramp up restructuring plans.

Hain said Monday it plans to share additional details about the divestiture of its North American snack business and its ongoing turnaround during its fiscal second-quarter earnings call, scheduled for Feb. 9.

Hain's North American snack business accounted for 22% of the company's net sales in fiscal 2025. Proceeds from the sale, expected to close at the end of the month, will be used primarily to pay down debt.

Moving forward, the North American business will focus more on tea and yogurts, under its Celestial Seasonings and Greek Gods brands, respectively. Chief Executive Alison Lewis said the financial profile of its remaining portfolio will be meaningfully stronger, with higher margins and growth-driving free cash flows.

Write to Connor Hart at connor.hart@wsj.com

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Hain Celestial shares jump 12% on $115 million snacks business sale

Investing.com

Advanced Micro Devices

Investing.com -- Hain Celestial (NASDAQ:HAIN) shares rose approximately 12% to $1.36 in premarket trading Monday after the organic and natural products maker announced plans to sell its North American snacks business.

The company will sell the division to Snackruptors, a Canadian family-owned snacks manufacturer, for $115 million in cash. The transaction is expected to close by February 28.

Hain Celestial said the sale will allow it to focus on core categories and more profitable markets. Going forward, the company’s North American categories will include tea, yogurt, baby and kids products, and meal-preparation offerings.

"Proceeds from the transaction will be used to reduce debt, strengthening the company’s financial position and leverage profile," said CEO Alison Lewis.

The sale comes after Hain Celestial stock fell nearly 83% in 2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Hain Celestial Agrees to Sell North American Snack Unit for $115 Million

Dow Jones Newswires

Hain Celestial

-3.23%

By Connor Hart

Hain Celestial Group agreed to sell its North American snacks business to Snackruptors, a Canadian family-owned snack manufacturer, for $115 million in cash.

The Hoboken, N.J., company said Monday that shedding the unit, which includes Garden Veggie snacks and Terra chips, will allow it to move forward with a simplified portfolio focused on core categories and markets.

Proceeds from the sale, expected to close at the end of the month, will be used primarily to pay down debt.

Hain's North American snack business accounted for 22% of the company's net sales in fiscal 2025. The maker of Celestial Seasonings teas said the financial profile of its remaining portfolio will be meaningfully stronger, with higher margins and growth-driving free cash flows.

"As an output of the previously announced strategic review process of our company's portfolio, the sale of our snacks business is a decisive first step we are taking to sharpen our focus on categories and platforms in key markets where we can leverage our strongest organizational capabilities," Chief Executive Alison Lewis said.

The company said it plans to share additional details about the divestiture during its fiscal second-quarter earnings call, scheduled for next week.

Write to Connor Hart at connor.hart@wsj.com

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Hain Celestial to Sharpen Strategic Focus; Enters Into Agreement to Sell North America Snacks Business

GlobeNewswire

Hain Celestial

-3.23%

Transaction to strengthen Hain’s financial position and support long-term growth potential for go-forward business

Hain Celestial to Sell North America Snacks Business

Hain Celestial Group announced that it has reached a definitive agreement to sell its North American Snacks business, including Garden Veggie Snacks™, Terra® chips and Garden of Eatin'® snacks, to Snackruptors Inc., a Canadian, family-owned snacks manufacturer.

HOBOKEN, N.J., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Hain Celestial Group , a leading global health and wellness company whose purpose is to inspire healthier living through better-for-you brands, today announced that it has reached a definitive agreement to sell its North American Snacks business, including Garden Veggie Snacks™, Terra® chips and Garden of Eatin'® snacks, to Snackruptors Inc., a Canadian, family-owned snacks manufacturer, for $115 million in cash.

This transaction will allow Hain Celestial to move forward with a simplified portfolio in North America focused on core categories and markets with stronger margin and cash flow profiles to drive growth.

Hain Celestial's North America snacks portfolio represented 22% of the company's net sales in fiscal 2025 – and 38% of the North America segment net sales – with negligible EBITDA contribution over the last 12 months. The financial profile of the remaining portfolio in North America is meaningfully stronger, delivering EBITDA margins in the low double digits, underpinned by gross margins above 30%.

Going forward, the company’s flagship categories across North America will include tea, yogurt, and baby/kids, along with its meal preparation platforms. Hain’s brands in North America include Celestial Seasonings® teas, The Greek Gods® yogurt, Earth's Best® Organic baby and kids foods and Spectrum® Organic culinary oils.

Alison Lewis, Hain Celestial’s President and CEO, said, “As an output of the previously announced strategic review process of our company’s portfolio, the sale of our snacks business is a decisive first step we are taking to sharpen our focus on categories and platforms in key markets where we can leverage our strongest organizational capabilities. Proceeds from the transaction will be used to reduce debt, strengthening the company’s financial position and leverage profile. The resulting financial flexibility will enable increased investment over time, helping to drive sustainable, profitable growth and create long-term shareholder value."

Rick Taborda, President of Snackruptors, said, “We’re thrilled to be acquiring this established portfolio of delicious snacks that consumers already know and love. We believe these brands have significant growth potential and represent a strong, complementary fit with our existing business. We look forward to welcoming the talented members of the Hain Celestial team who have been supporting these brands to the Snackruptors family. We are excited to work together and unlock their full potential.”

Lewis continued, “The transaction we are announcing today marks a significant moment for Hain Celestial, and I am confident that we have found the right home for these beloved snack brands and our employees who will support them as part of Snackruptors. I want to express my gratitude to the many dedicated team members who have built our North American Snacks business over the years. Their commitment has been instrumental in our progress to reaching this milestone.”

The transaction is expected to close by February 28, 2026, subject to customary closing conditions. Additional details regarding the divestiture will be provided during Hain Celestial’s Q2 Fiscal Year 2026 earnings call scheduled for 8:00 AM ET on Monday, February 9, 2026.

Goldman Sachs & Co. LLC is serving as financial advisor to Hain Celestial and Cravath, Swaine & Moore LLP is serving as legal counsel.

About The Hain Celestial Group

Hain Celestial 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 Celestial 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 beverages, yogurt, baby/kids and meal preparation are marketed and sold in over 70 countries around the world. Our leading brands include Celestial Seasonings® teas, The Greek Gods® yogurt, Earth's Best® Organic and Ella's Kitchen® baby and kids foods, Joya® and Natumi® plant-based beverages, Hartley’s® jelly, as well as Cully & Sully®, Yorkshire Provender®, and New Covent Garden® soups, among others. For more information, visit www.hain.com and LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. The words "believe," "expect," "anticipate," "may," "should," "plan," "intend," "potential," "will" and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include, among other things, our beliefs or expectations relating to our future performance, results of operations and financial condition, including statements about the company’s plans to sell its North American Snacks businesses, the expected timetable for completing the transaction, our ability to drive sustainable, profitable growth and create long-term shareholder value; our strategic initiatives; and our business strategy.

Risks and uncertainties that may cause actual results to differ materially from forward-looking statements include: the ability to satisfy the conditions to the closing of the contemplated disposition, which may include conditions outside of our control; our ability to successfully separate the business and realize the benefits of the contemplated disposition; and the other risks and uncertainties described in our most recent Annual Report on Form 10-K and our other filings from time to time with the U.S. Securities and Exchange Commission.

We undertake no obligation to update forward-looking statements to reflect actual results or changes in assumptions or circumstances, except as required by applicable law.

Investor Relations Contact:

Alexis Tessier

Investor.Relations@hain.com

Media Contact:

Justin Godley

Justin.Godley@hain.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/89830e3f-b538-4596-962c-2f3b5a472303

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Reflecting On Shelf-Stable Food Stocks’ Q3 Earnings: McCormick (NYSE:MKC)

Stock Story

As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the shelf-stable food industry, including McCormick and its peers.

As America industrialized and moved away from an agricultural economy, people faced more demands on their time. Packaged foods emerged as a solution offering convenience to the evolving American family, whether it be canned goods or snacks. Today, Americans seek brands that are high in quality, reliable, and reasonably priced. Furthermore, there's a growing emphasis on health-conscious and sustainable food options. Packaged food stocks are considered resilient investments. People always need to eat, so these companies can enjoy consistent demand as long as they stay on top of changing consumer preferences. The industry spans from multinational corporations to smaller specialized firms and is subject to food safety and labeling regulations.

The 21 shelf-stable food stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 0.9%.

In light of this news, share prices of the companies have held steady as they are up 1.1% on average since the latest earnings results.

McCormick

The classic red Heinz ketchup bottle’s competitor, McCormick sells food-flavoring products like condiments, spices, and seasoning mixes.

McCormick reported revenues of $1.72 billion, up 2.7% year on year. This print exceeded analysts’ expectations by 1.1%. Despite the top-line beat, it was still a mixed quarter for the company with a narrow beat of analysts’ revenue estimates but a miss of analysts’ gross margin estimates.

Brendan M. Foley, Chairman, President, and CEO, stated, "Our third quarter results marked our fifth consecutive quarter of volume-led growth, reflecting our differentiation and the benefit of continued investments in our brands, expanded distribution, and innovation. As a result of the dynamic global trade environment, our gross margin was further pressured by rising costs; however, we continued to drive operating profit growth through the effective execution of our cost savings initiatives. We remain disciplined on actions within our control and agile in adapting to external dynamics, positioning McCormick for sustained long-term growth."

The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $68.22.

Read our full report on McCormick here, it’s free for active Edge members.

Best Q3: J&J Snack Foods

Best known for its SuperPretzel soft pretzels and ICEE frozen drinks, J&J Snack Foods produces a range of snacks and beverages and distributes them primarily to supermarket and food service customers.

J&J Snack Foods reported revenues of $410.2 million, down 3.9% year on year, in line with analysts’ expectations. The business had a very strong quarter with an impressive beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates.

The market seems happy with the results as the stock is up 14.3% since reporting. It currently trades at $94.95.

Is now the time to buy J&J Snack Foods? Access our full analysis of the earnings results here, it’s free for active Edge members.

Slowest Q3: TreeHouse Foods

Whether it be packaged crackers, broths, or beverages, Treehouse Foods produces a wide range of private-label foods for grocery and food service customers.

TreeHouse Foods reported revenues of $841.9 million, down 1.5% year on year, falling short of analysts’ expectations by 1%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA and gross margin estimates.

Interestingly, the stock is up 25.4% since the results and currently trades at $23.89.

Read our full analysis of TreeHouse Foods’s results here.

Hain Celestial

Sold in over 75 countries around the world, Hain Celestial is a natural and organic food company whose products range from snacks to teas to baby food.

Hain Celestial reported revenues of $367.9 million, down 6.8% year on year. This number topped analysts’ expectations by 2.1%. Aside from that, it was a mixed quarter as it also logged an impressive beat of analysts’ adjusted operating income estimates but a significant miss of analysts’ EPS estimates.

The stock is up 8.9% since reporting and currently trades at $1.17.

Read our full, actionable report on Hain Celestial here, it’s free for active Edge members.

Conagra

Founded in 1919 as Nebraska Consolidated Mills in Omaha, Nebraska, Conagra Brands today boasts a diverse portfolio of packaged foods brands that includes everything from whipped cream to jarred pickles to frozen meals.

Conagra reported revenues of $2.63 billion, down 5.8% year on year. This print beat analysts’ expectations by 0.7%. Overall, it was a very strong quarter as it also put up a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ gross margin estimates.

The stock is down 1.9% since reporting and currently trades at $17.96.

Read our full, actionable report on Conagra here, it’s free for active Edge members.

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Hain Celestial stock jumps after naming interim CEO Lewis to permanent role

Investing.com

NVIDIA

-2.84%

Advanced Micro Devices

Investing.com -- The Hain Celestial Group Inc (NASDAQ:HAIN) stock surged 7.1% Monday after the company announced it had appointed Alison E. Lewis as its permanent President and Chief Executive Officer, effective immediately.

Lewis, who has been serving as Hain Celestial’s Interim President and CEO since May 2025, will also continue as a member of the company’s Board of Directors. She joined the board in September 2024 before stepping into the interim leadership role.

Board Chair Dawn Zier expressed confidence in Lewis’s leadership, citing the "bold moves she has already taken to reduce costs" and her implementation of a turnaround agenda designed to improve margins and drive growth. Zier also noted Lewis’s focus on progressing the strategic review with Goldman Sachs.

Lewis brings 35 years of consumer packaged goods industry experience to the role. Prior to joining Hain Celestial, she served as Chief Growth Officer at Kimberly-Clark Corporation from 2019 to August 2024, where she led growth strategy across four categories. Her previous experience includes serving as Chief Marketing Officer at Johnson & Johnson Family of Consumer Companies from 2013 to 2019 and holding senior marketing positions at The Coca-Cola Company.

In her statement, Lewis said the company has been "intensely focused on our initiatives to stabilize sales, improve profitability, optimize cash, and deleverage our balance sheet" over the past several months.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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