Capital expenditures in the quarter were $14 million compared to $21 million for the prior year period, due to COVID related delays in receiving equipment from suppliers. 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. People don’t wear masks. So we have again also kind of won some grounding points, if you will, around our ability to service the pandemic and things like the scrapping is on hand sanitizer when nobody could get it, and we were able to go to customers and provide them with something they desperately needed. Any reproduction, redistribution or retransmission is expressly prohibited. There is very little restrictions. So we have again also kind of won some grounding points, if you will, around our ability to service the pandemic and things like the scrapping is on hand sanitizer when nobody could get it, and we were able to go to customers and provide them with something they desperately needed. The only business we really have that is summer oriented is Sun Care, and you sell all of that in the spring. Click here for webcast. Questions and Answers. * So, look one of the thesis that we had when we did Investor Day was the margin expansion that we've been seeing on the Get Bigger businesses was going to be driven by plant absorption was one of the key drivers. The productivity programs that we have built in for fiscal ’21, there is a lot of automation on the back end of those lines. ET on Seeking Alpha Hain Celestial (HAIN) Q4 Earnings Top Estimates ET. So we're optimistic that we will start to see the top line turn and the profitability will continue to expand. 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. So I would echo what Mark said, I wouldn't necessarily say that share repurchases come higher than M&A. So we recognize it's a non-core asset, it's a different skill set. And there have been many instances where people are using the wrong kind of alcohol and have had to recall the sanitizer. It has consistently picked up share during the pandemic, although again sales have been somewhat challenged and in the United States, we have Earth’s Best, which is another fantastic brand. As I’ve said on previous calls, this is a very significant part of our business, it’s more than 10% of our sales. For the full year, operating cash flow improved by $118 million to $157 million and operating free cash flow improved by $132 million to $96 million. That’s helpful. So I just want to understand maybe the thinking on a normalized pace and just if you’re plan was for the same arguably good top line level. The key to doing that continues to be top line growth, because most of those are self manufactured and we get tremendous absorption benefits as we fill up the plants. And just as a follow-up, back to kind of the gross margin question earlier on. Normally we wouldn’t give out headlines within the current quarter, but because we aren’t giving specific guidance for the year and are already two-thirds of the way through the quarter, we also have some directional information on Q1. 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. The Get Bigger brands are already at the 30% margin level and we said that we anticipate that we will get those more into the mid 30s. Our next question comes from the line of Anthony Vendetti with Maxim Group. 13.11. We were not quite there yet. So it’s — it really depends on what you’re looking at specifically. So in summary, we’ve had significant strength across the Get Bigger portfolio in Q4. But the $25 million drag from fruit offset the $25 million of gain that we had in those other parts of the business, netting us to basically zero for the quarter. But now that we've got debt in a good place, we're looking at a number of ways to return value to shareholders. I think it will be on top of what we have. First, we expect continued gross profit dollar and margin expansion in fiscal ’21. Sales, share, velocity, household penetration, new try or repeat rates and margin are all growing. 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. Since the pandemic began, we’ve had nearly 2.5 million new households try our Get Bigger portfolio, a 10% increase in household penetration. And so I think there are lessons to be learned in terms of how they’re managing it. Adjusted for divestitures and discontinued brands with the Get Bigger brands in North America growing double-digits, continuing the momentum delivered in the second half of last year. Much of our business SKUs toward unmeasured channels like e-commerce and parts of club in the natural channel, where we have significant sales. And then I have a follow-up. And so I'm seeing high-teens growth on the Get Bigger brands here. They’re worried about immunity. 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. Just a quick follow-up. But given the ongoing uncertainty related to COVID-19, including the magnitude and duration of the pandemic and its impact on consumer shopping behaviors, we have decided not to provide specific guidance for fiscal ’21. 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. People don't wear masks. Questions and Answers. And maybe you want to break that down also into the Get Bigger versus Get Better portfolio? Obviously, we are coming off a very strong year and feel very bullish on the year ahead. I mean, clearly some of the gross margin benefit is just because you have high utilization rates and so, and I know we don’t know what consumption looks like post-COVID, but presumably, it will go down some. During COVID, we continue to add new buyers and repeat purchases improved 8%. So I believe that we are very well set up to be a net winner during the pandemic and a net winner coming out of the pandemic because of all the factors that I just mentioned. We remain confident in our transformational strategic plan and ability to make further improvements in fiscal ’21 and beyond. Our team remains focused on executing against multiple opportunities that we have identified for further improvement of our margin structure. Hain Celestial Group Inc. (NASDAQ: HAIN) Q4 2020 earnings call dated Aug. 25, 2020Corporate Participants: Anna Kate Heller — Investor Relations. We have probably 25% more capital this year than last year. Does the stock move higher. Within Personal Care which was negatively impacted at the beginning of the pandemic when consumers were self isolating, we have also had much success. Please proceed with your question. Market data powered by FactSet and Web Financial Group. And in your opinion, are the European consumer behavior changes post locked down still the best guess for what's to come down the pipe for the US? 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. ET. And then just a follow-up on cash usage. Fourth quarter consolidated net sales increased 1% year-over-year to $512 million in line with our expectations. Hain Celestial Group Q1 2008 Earnings Conference Call Transcript – 2007-11-01 – US$ 54.00 – Final Transcript of HAIN earnings conference call or presentation, 1-Nov-07 4:15pm ET We also anticipate delivering strong double-digit growth in adjusted EBITDA dollars and continued EBITDA margin expansion. And behalf of our Board of Directors and management team, I’d like to thank our global team in Hain Celestial for how well they have embraced our transformation journey and executed against our goals, particularly in this evolving and dynamic environment. Our cash conversion cycle was consistent with the prior quarter at 53 days. I would tell you that the European non-dairy business has been growing high teens for several years and frankly we're capacity constrained. 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