Hain Celestial Group Inc at Jefferies Consumer Conference (Virtual) Transcript

Jun 20, 2022 / 12:00PM GMT
Robert Frederick Dickerson - Jefferies LLC, Research Division - MD & Senior Research Analyst

Thank you. Welcome, everyone, to the Jefferies Nantucket Consumer Conference. I'm honored to be joined in this fireside chat virtually by President and CEO, Mark Schiller; and CFO, Chris Bellairs of The Hain Celestial Group. Within his almost 5 years at Hain, Mark has successfully restructured Hain, I'd argue, in a much more focused, higher-margin company with a clean balance sheet and the potential to outgrow many peers over the next 5 years. Chris recently joined Hain this February as the company steps into its 3.0 strategy and during an interesting time in the food space, to say the least. Welcome again, Mark and Chris, and with that, we'll kick it off.

So look, Mark, I think coming out of Q3, and recently, you made a couple of comments that suggests there could be some potential pushback in your fiscal '25 growth targets. I heard you mentioned slower shelf resets, some European demand, issues in the near term at least and some labor and supply shortages outside of just kind of general cost

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