Company on Track to Deliver > $60 Million Cost Savings in FY2024 Advancing Hain Reimagined Multi-Year Growth Strategy HOBOKEN, 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. 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.
Hain'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. About The Hain Celestial Group Hain Celestial Group is a leading he.