Hain Celestial on track to deliver more than $60M in cost savings by year-end

The Hain Celestial Group has taken strategic actions to progress the Fuel pillar of its Hain Reimagined multi-year business strategy. Introduced 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. As 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.