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HAIN — Hain Celestial News Story

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Health and wellness firm Hain Celestial's Q1 sales beat estimates

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

MetricBeat/MissActualConsensus Estimate
Q1 SalesBeat$368 mln$364.01 mln (8 Analysts)
Q1 Adjusted EPSMiss-$0.08-$0.05 (7 Analysts)
Q1 Adjusted Net IncomeMiss-$7 mln-$4.50 mln (6 Analysts)
Q1 Net Income-$21 mln
Q1 Adjusted Gross Margin19.50%
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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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.)

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