This is below our target of 60 days driven by the decrease in inventory levels just mentioned. Looking into the components of the North American portfolio. As a result, for the fiscal year, capex was approximately $61 million compared to $76 million in fiscal '19 at the lower end of our guidance. So first of all, can I just dig into the productivity improvements that are quoting the pumped capex this year. Thank you. But we’ve collectively achieved in fiscal ’20, it is just the beginning of the success that we believe lies ahead for the company. In summary, we made a tremendous amount of progress in fiscal 2020. I think it will be on top of what we have. When do you think Hain can reach that sort of a gross margin and to date, a lot of the gross margin expansion has resulted from divestitures and other rationalization. Top line should grow in first half. So it’s not surprising to me that in a pandemic where people are cash-strapped, they’re worried about their future that they are trading down to private label. I'd be happy to take that one. Yes. What’s important again to note is, we had a $25 million drag from the fruit business. Yes. So we've been very aggressively doing SKU rationalization on that business and have improved the profitability considerably, but we are now returning to how do we get the top line back to low single-digit growth. This transcript is provided as is without express or implied warranties of any kind. Innovation, marketing and assortment optimization have already started delivering top line acceleration. I’d be happy to take that one. So we have promised on Investor Day was mid single-digit top line on the Get Bigger brands. We saw some nice bump in the grocery business in Hain Daniels. You’re looking at categories with 30%, 35%, 40% private label, whereas here, it’s a much smaller number. It's Matt on for Rob. It operates through the following geographical segments: United States, Unit They have an open society. All earnings call transcripts on The Hain Celestial Group, Inc. (HAIN) stock. I would now like to turn the conference over to your host, Ms. Anna Kate Heller [Phonetic] for opening remarks. Its brands include Alba Botanica, Avalon Organics, Earth’s Best, JASON, Live Clean, One Step, and Queen Helene. So the good news is, we are picking up permanent distribution on sanitizers, so whereas a lot of these others are kind of in and out. And now with the resurgence of walmart.com and target.com and Kroger, we continue to see very robust growth across the board, and it has not really slowed down much at all. Sales, share, velocity, household penetration, new try or repeat rates and margin are all growing. Adjusted EBITDA increased to $44 million compared to $30 million in the prior year period, a 46% increase. They are still very manual and bringing automation will improve the margins even further. Consumers have tried our products for the first time during the pandemic and are repeating. In addition, the fruit business was a 270 point drag on the International adjusted EBITDA margins in fourth quarter due to significant stranded overhead and input costs. 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. Can you just give a quick sense that historically has been a seasonally lower quarter. So we delivered a pretty much to the penny what we thought we were going to deliver on the top line. First and foremost, we were not servicing the business 18 months ago. ET. Okay. Turning to International, we delivered slight negative top line in constant currency with modest margin improvement in adjusted EBITDA margin. In the Europe business which is largely driven by our non-dairy beverages, a good portion of that is private label. This organizational simplification will create significant opportunities that will begin to impact our financial performance later this year. And they’re not just here’s another flavor of Sleepytime tea, it’s energy, it’s probiotics, it’s melatonin, it’s a whole bunch things that really didn’t exist before within the category that is being very, very well received by customers. That's helpful color. It's been growing close to 100% consistently since the beginning of the pandemic. So there is a robust number of productivity projects that we have, and the implementation of those projects are staggered throughout the year. William Chappell -- Truist Securities -- Analyst. I know you called out the several hundred lift in -- basis point lift you expect for first quarter. So we had already started to turn it. I mean leverage is in a very good place right now at 2 times, as you mentioned, but there wasn't much activity in terms of share repurchase in Q4. Hain Celestial Brands Partner With National Military Non-Profit, Folds Of Honor, To Recognize Americas Heros Friday, 28 August 2020 yahoo. Hain Celestial Group Inc (NASDAQ: HAIN) Q3 2019 Earnings Call May. So let’s drill into each of these aspects starting with the top line. Overall, we’re proud of the strong quarterly and annual results we just delivered. And the Get Better brands, which had been declining mid teens, we said we were going to get it into the minus 5% to minus 10% range and it was moving in that area before COVID hit. We had been declining 1% to 2% in the first half and it was turning at the beginning of third quarter to low single-digit top line. We achieved these results despite the significant decline of our large food service oriented fruit business which was impacted by COVID in the second half. Yes, that's very helpful. We're certainly seeing very robust margins on the Get Bigger brands. You're looking at categories with 30%, 35%, 40% private label, whereas here, it's a much smaller number. Our next question comes from the line of Michael Lavery with Piper Sandler. The P/E or Price to Earnings ratio of The Hain Celestial Group, Inc. (NASDAQ:HAIN) is at 212.07 while the forward p/e is at 26.96. Yes. Yes. The Hain Celestial Group, Inc. (HAIN) CEO Mark Schiller on Q4 2020 Results - Earnings Call Transcript Seeking Alpha Aug 25, 2020 Hain Celestial tops margin expectations as … The Hain Celestial Group has generated $0.84 earnings per share over the last year and currently has a price-to-earnings ratio of 150.0. Sales, share, velocity, household penetration, new try or repeat rates and margin are all growing. Fourth quarter operating cash flow improved by $72 million to $93 million and operating free cash flow defined as operating cash flow less capex improved by about $79 million from practically zero in the prior year period. And the other thing I would mention is, with this integration of varying divisions in international, similar to what we've done in the US with Canada, there is a whole stream of productivity projects that are just being finalized that will start to come online toward the end of the fiscal year and will reap big dividends as we get into F'22. As a result, for the fiscal year, capex was approximately $61 million compared to $76 million in fiscal ’19 at the lower end of our guidance. And then just a follow-up on cash usage. Please proceed with your question. Adjusted EBITDA margin of 12% represented an improvement of about 240 basis points year-over-year driven by gross margin improvement. California State Teachers Retirement System grew its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. Hain Celestial Group Inc (HAIN) Q2 2020 Earnings Call Transcript HAIN earnings call for the period ending December 31, 2019. The adjusted EBITDA margin for the Get Bigger brands improved 340 basis points compared to Q4 last year, yielding a margin of 17.9%. Hain Celestial Group Inc (NASDAQ: HAIN) Q1 2019 Earnings Conference Call Nov. 08, 2018, 8:30 a.m. We also have very robust programs in terms of automation. Without them, we can redeploy and focus our resources on bigger growth opportunities which will further strengthen our results. We see the same kind of behavior in Europe. I mean is this purely just differences in government stimulus do you think, or is there something else going on at retail that explains the differential? Welcome to The Hain Celestial Group third quarter fiscal year 2019 earnings conference call. Yes. But we've collectively achieved in fiscal '20, it is just the beginning of the success that we believe lies ahead for the company. You'll recall that this set of brands had a collective EBITDA margin of just 2% on Investor Day last year and is now contributing significantly to our overall success. 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. Velocities in buying rate improved as well with 18.6% more repeat buyers than a year ago. Michael Lavery -- Piper Sandler -- Analyst. Thank you. Questions and Answers. The good news Alexia, just one last comment is we’re getting close to 5% of sales on marketing in North America, but it’s higher for the Get Bigger brands and lower for Get Better. I mean, they've been going through the office throughout the pandemic. May-21-20 09:10AM : Coca-Cola CEO: Business is improving but 'we have to be cautious' Yahoo Finance. Thanks, good morning. Looking into the components of the North American portfolio. 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. So they have significantly improved the margin 600 basis points over the year, and we expect again that there will be continued improvement there coming through the same kinds of things. Please proceed with your question. But thank you for your time today and we look forward to continued dialog. I’ll turn the floor back to Mr. Schiller for any final comments. Yes. So how should we think about the pace of improvement from here? Currency impact on adjusted EBITDA was minimal. Within Personal Care which was negatively impacted at the beginning of the pandemic when consumers were self isolating, we have also had much success. Prepared Remarks: Operator. This is a healthy balance sheet with excellent capital allocation flexibility. Our next question comes from the line of Michael Lavery with Piper Sandler. COVID-19 which I will discuss more in a few minutes, added in just an additional $20 million in net sales, mostly in Q3 with about $10 million to $12 million of adjusted EBITDA for the year split between Q3 and Q4. And I’m curious, why do you think private label is seeing that trade out in Europe, but as of yet, you haven’t really seen in the US. Good morning and thank you for joining us on Hain Celestial’s fourth quarter and fiscal year 2020 earnings conference call. Hain Celestial Group Inc (HAIN) Q1 2021 Earnings Call Transcript. Restaurants are full. I mean is this purely just differences in government stimulus do you think, or is there something else going on at retail that explains the differential? As I've said on previous calls, this is a very significant part of our business, it's more than 10% of our sales. We're either doing one well or the other well. When do you have that bandwidth if you don’t have it already? 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. 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. 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. First, we delivered top line growth versus prior year for the second consecutive quarter. So that's where we've got some work to do. I guess, first off, Mark, I wanted to come back to, you highlighted the strength in the international sales excluding the fruit business and last quarter one of the themes was that private label in Europe was benefiting from consumer trade out. 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. That said, we’re exiting ’20 with very strong momentum. For the most part of the year, the company posted strong revenue and user growth benefiting from increased, Paychex Inc. (NASDAQ: PAYX) reported its second quarter 2021 earnings results today. We have some good brands there. So look, we’re going to see continued steady progress on margin. Do you have any visibility into the International businesses household penetration repeat rates in isolation? Please proceed with your question. 5 Consumer Staple Stocks to Trump Earnings Despite Coronavirus zacks. And then I have a follow-up. The Get Bigger brands, which are the foundation of our growth agenda have been particularly strong and have significant momentum that we believe will endure well into the future. Throughout the quarter, we have been replenishing inventory while maintaining our service levels and we expect to be at normalized levels as we enter the second half of 2021. Neither the information nor any opinion expressed in this transcript constitutes a solicitation of the purchase or sale of securities or commodities. So all of the projects we obviously look at the IRR and the NPV, I’d say on average, you’re looking at a two to three year payback on the capital. Let’s start with our North American business, where we saw net sales and profit growth as well as profit margin expansion. So it really comes down to improving the effectiveness of what we’re spending, putting more into working dollars instead of non-working dollars, we’ve done a lot of agency consolidations to get more of those dollars working and then what’s really the cost of what I’m buying relative to what I paid historically. So it's hard for me to answer the question. We quickly expanded into the US. They’re worried about staying healthy. Initiatives like consolidation of the US and Canada into one North America operating entity automation in our plants and the elimination of low margin SKUs were already lowering our costs. * Would that still be true or is it — is your margin run rate stabilizing across the year a little bit. So clearly the remainder of our International business is performing well. This leaves us with $190 million of additional repurchases authorized under our 2017 share repurchase authorization. Now to provide some detail on the individual reporting segments. On the call today are Mark Schiller, President and Chief Executive Officer; and Javier Idrovo, Executive Vice President and Chief Financial Officer. The P/E or Price to Earnings ratio of The Hain Celestial Group, Inc. (NASDAQ:HAIN) is at 212.07 while the forward p/e is at 26.96. This is the conference operator. We had a strong fourth quarter in hand sanitizer. When I got here, there was no volume minimum and no bracket pricing. As you can see we had a tremendous year. 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. As such, there may be brief delays, cross-talk or other minor technical issues during this call. Okay. Thanks. So I think the consumer trends are similar. Hain Celestial by the numbers Investor Relations > A Healthier Way of Life ™ since 1993 Our Company > Thank you. For the full year compared to prior year, we anticipate the following: gross profit dollar and margin expansion, strong double-digit growth in adjusted EBITDA with continued margin expansion and strong double-digit growth in operating free cash flow. I don't have as much visibility into like the panel data that we get here. Does the stock move higher. In Q4, we were also successful in continuing our efforts to simplify our business. We undertook significant reductions in SG&A during the fourth quarter to mitigate that impact and the benefit of those changes will be seen in future quarters. Given the current at home eating trends and the impact it's having on our top line, we are expecting the first half of fiscal '21 to be stronger on both the top line and bottom line than the second half as we are assuming that the current eating at home trends moderate throughout the year. Fourth quarter net sales increased 5% year-over-year to $299 million. As a reminder, beginning in Q1 of fiscal year 2020 the company changed its segment reporting to focus on North America, International and Corporate, which is previously been reported as the US, UK and Rest of World segments. The company was founded by Irwin David Simon … 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. Within the divisions, North America gross profit grew 20% in the quarter and adjusted EBITDA grew 46% versus year ago. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. We've sharpened our pricing. Hain Celestial (NASDAQ: HAIN) Q4 2018 Earnings Conference Call Aug. 28, 2018 8:30 a.m. We were not quite there yet. That’s helpful color. And right now, all of our Get Bigger brand categories we’re seeing growth in. This brand had sales of $22 million and adjusted EBITDA of $1 million. Hain Celestial Group Q4 2008 Earnings Conference Call Transcript. Hain Celestial Group Inc (HAIN) Q1 2019 Earnings Conference Call Transcript (MotleyFool) 08.11.18 Hain Celestial Group Inc. Stock Was Down 15%: Here's What Investors Need To Know (MotleyFool) As Mark mentioned, we have tremendous confidence in our team’s ability to manage the controllable aspects of our business. Our next question comes from the line of John Baumgartner with Wells Fargo. We’re either doing one well or the other well. Thank you very much. We thank you in advance for your patience and understanding. Just a quick follow-up Mark on the fruit business. And I guess on that topic. Very hard to forecast, and given that nobody knows at this point what post-COVID looks like. We also anticipate delivering strong double-digit growth in adjusted EBITDA dollars and continued EBITDA margin expansion. And now I'd like to turn the call over to Mark Schiller. I mean are buybacks still the top of your list? So more to come on that in the future, but we are aggressively looking at options there. From an adjusted EBITDA standpoint, we delivered a total impact of about $4 million -- $5 million to $6 million in the fourht quarter. We improved our cash flow generation and we have built a healthy balance sheet. Then on top of that we are now bringing a ton of innovation at a time when other people are pulling back their marketing and pulling back on their innovation, because they're just trying to service the business. Hain Celestial Group Inc (HAIN) Q4 2020 Earnings Call Transcript 24.08.20 Ausblick: HAIN CELESTIAL GROUP öffnet die Bücher zum abgelaufenen Quartal (finanzen.net) Adjusted EBITDA margin of 14.7%, representing an improvement of about 420 basis points over the prior year period, driven by gross margin improvements. I have one question and then one follow-up. [Operator Instructions]. All in all, it was a great year for Hain with terrific results before the pandemic and great execution during the pandemic, leaving us with tremendous momentum as we head into fiscal '21. Okay, great. So what — to what extent are you guys expecting sales in this category to continue to remain strong into the first quarter and beyond? So the hand sanitizer opportunity was obviously a once in a lifetime opportunity that came in front of us. So it's a little bit of a dynamic number depending on the cost per impression relative to what I've been paying historically. ET. Our cash conversion cycle was consistent with the prior quarter at 53 days. Great. So we have promised on Investor Day was mid single-digit top line on the Get Bigger brands. Innovation, marketing and assortment optimization have already started delivering top line acceleration. Also since Mark already covered the company's perspective for the first quarter and first half of '21, I would like to discuss the full year in more detail. Hain Celestial Group Inc (HAIN) Q4 2020 Earnings Call Transcript HAIN earnings call for the period ending June 30, 2020. So the UK, I would say is still the one under the most locked down, restaurants have not opened yet, people are not working back in the office and so the impact of the pandemic is much more like the beginning of the pandemic was here. Now let me shift to talking about Q4 specifically, while Javier will provide more detail in a few minutes, yet again, our team delivered against all of our key profit metrics and delivered the top end of the raised guidance we gave at the end of Q3. So as you pointed out before, your 60-40, North America-International split allows you to compare trends and share strategy successes between the two segments. We reported adjusted EPS of $0.32 based on an effective tax rate of 26.1% compared to $0.19 in Q4 last year with an effective tax rate of 27.5%. This represents a 26% increase versus Q4 last year. Thank you. For the most recent 12 weeks, Celestial Seasonings also gained a full share point with velocity growing over 40% again, outpacing the category. All earnings call transcripts. Adjusted earnings per share increased 40% year-over-year and exceeded our guidance. And for 2021 the total dollar amount will be consistent with how we grew the marketing in 2020. Click here for webcast. As a reminder, beginning in Q1 of fiscal year 2020 the company changed its segment reporting to focus on North America, International and Corporate, which is previously been reported as the US, UK and Rest of World segments. We achieved these results despite the significant decline of our large food service oriented fruit business which was impacted by COVID in the second half. Please proceed with your question. The lower tax rate was mainly driven by lower yields inclusion than in the prior year period. Truist securities cycle is expected to be consistent with our Investor Day the team on the Get brands. Re going to deliver on the Get Bigger brands delivered an even stronger Q4 impact our financial results continuing... 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