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HAIN Hain Celestial News Story

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Hain Celestial Q2 revenue slightly beats estimates

Overview

Health and wellness firm's fiscal Q2 revenue slightly beat analyst expectations

Adjusted EPS for fiscal Q2 missed analyst expectations

Company divested North American snack business to improve financial flexibility

Outlook

Company expects sequential improvement in the back half of the year

Company divested North American snack business to improve financial flexibility

Company focuses on portfolio simplification and operational execution

Result Drivers

DIVESTITURE IMPACT - Co divested North American snack business to improve financial flexibility and margins

VOLUME/MIX DECLINE - Organic net sales decreased 7% due to a 9-point decrease in volume/mix, partially offset by a 2-point increase in pricing

NORTH AMERICA CHALLENGES - North America organic net sales fell 10% due to snacks and baby formula, partially offset by growth in beverages

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 SalesSlight Beat*$384 mln$383.28 mln (7 Analysts)
Q2 Adjusted EPSMiss-$0.03$0.001 (7 Analysts)
Q2 Adjusted Net IncomeMiss-$3 mln$647,670 (6 Analysts)
Q2 Net Income-$116 mln
Q2 Adjusted Gross Margin19.50%
*Applies to a deviation of less than 1%; not applicable for per-share numbers. Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "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 $1.50, about 22% above its February 6 closing price of $1.23 The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 11 three months ago Press Release: ID:nGNX7fGB89 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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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