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HAIN — Hain Celestial News Story

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Health and wellness firm Hain Celestial misses Q4 net sales expectations

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

MetricBeat/MissActualConsensus Estimate
Q4 SalesMiss$363 mln$371.50 mln (8 Analysts)
Q4 Adjusted Net IncomeMiss-$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.)

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