Corrects company descriptor and adds "turnaround strategy" in headline
Overview
Hain Celestial fiscal Q4 net sales down 13% yr/yr, missing analyst expectations
Adjusted net income for fiscal Q4 missed analyst estimates, reflecting operational difficulties
Co implements turnaround strategy focusing on portfolio streamlining and digital capabilities
Outlook
Company aims to optimize cash and reduce debt
Company plans to implement pricing and revenue growth management
Result Drivers
VOLUME/MIX DECLINE - Organic net sales fell 11% due to an 11-point decrease in volume/mix, with pricing flat
TURNAROUND STRATEGY - Co is implementing a strategy focused on portfolio streamlining, innovation, and digital capabilities to stabilize sales and improve profitability
NORTH AMERICA CHALLENGES - Significant sales decline in North America driven by lower snack and meal prep sales
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Miss
$363 mln
$371.50 mln (8 Analysts)
Q4 Adjusted Net Income
Miss
-$2 mln
$2.12 mln (7 Analysts)
Q4 Net Income
-$273 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "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 $2.50, about 14% above its September 12 closing price of $2.15
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nGNX6yhRbx
(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.)