Hain Celestial Group, Inc.

摘要

After an upbeat report a year ago when it appeared Hain Celestial Group, Inc., Lake Success, N.Y., was gaining momentum, the uphill climb resumed this year with stock values sinking to six-year lows after full-year guidance was trimmed in May in part due to continued weakness in its U.S. business. Further, Irwin D. Simon, founder and chief executive officer, in June announced he would step down. Under Hain Celestial's Project Terra, a global program intended to save $350 million over three years, the company is striving to reduce costs and complexity and mitigate the cost of headwinds, including higher freight and commodity costs, in part by focusing on its core 11 brands and top 500 stock-keeping units (s.k.u.s), with plans to phase out 1,100 s.k.u.s by the end of fiscal 2019.