Overview
Hain Celestial fiscal Q1 net sales down 7% yr/yr, slightly beating analyst expectations
Adjusted EPS for fiscal Q1 missed analyst expectations
Company focused on stabilizing sales and improving profitability through cost discipline
Outlook
Hain Celestial aims to stabilize sales and improve profitability in the near term
Company expects improved trends in the back half of the year
Hain Celestial continues strategic review with Goldman Sachs
Result Drivers
SEQUENTIAL SALES IMPROVEMENT - Co reports sequential improvement in organic net sales trends in both North America and International segments
COST DISCIPLINE - Reduction in SG&A expenses driven by cost discipline and streamlining actions
PRICING INITIATIVES - Co notes benefits from pricing initiatives beginning to build
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Beat | $368 mln | $364.01 mln (8 Analysts) |
Q1 Adjusted EPS | Miss | -$0.08 | -$0.05 (7 Analysts) |
Q1 Adjusted Net Income | Miss | -$7 mln | -$4.50 mln (6 Analysts) |
Q1 Net Income | -$21 mln | ||
Q1 Adjusted Gross Margin | 19.50% |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Hain Celestial Group Inc is $1.84, about 41.7% above its November 6 closing price of $1.07
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nGNX562Ds2
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)