iHub News
4週前
Hain Celestial (HAIN) Shares Rally After Earnings Beat Despite Revenue DeclineMay 11, 2026 10:00 AM
IH Market News The Hain Celestial Group, Inc. (NASDAQ:HAIN) shares surged more than 12% in premarket trading on Monday after the company reported fiscal third-quarter earnings that came in ahead of analyst expectations, despite weaker-than-expected revenue.The health and wellness food company posted an adjusted loss of $0.01 per share for the quarter ended March 31, 2026, outperforming analyst forecasts for a loss of $0.02 per share. Revenue Falls Short as Sales Decline Quarterly revenue totaled $338 million, missing the consensus estimate of $359.21 million and declining 13% from $390 million recorded in the same period last year.Organic net sales were down 6% year-over-year.Adjusted EBITDA declined to $26 million from $34 million in the prior-year quarter, while adjusted gross profit margin slipped 90 basis points to 21.0%.The company also reported a net loss of $106 million during the quarter.That figure included a pre-tax loss of $51 million tied to the divestiture of its North American snacks business, along with $46 million in non-cash impairment charges. Cash Flow and Debt Reduction Support Turnaround Efforts Despite weaker revenue, investors appeared encouraged by the company’s improving balance sheet and cash generation.Hain Celestial generated $38 million in operating cash flow during the quarter and reduced total debt by $155 million.Net debt declined to $505 million from $650 million at the start of the fiscal year, while the company ended the quarter with a net secured leverage ratio of 4.3x.Free cash flow improved significantly to $35 million during the fiscal third quarter, compared with an outflow of $2 million in the same period last year. CEO Highlights Progress on Restructuring Strategy “Third quarter results reflect improving execution and financial discipline as we continued to strengthen our foundation and advance our turnaround strategy,” said President and CEO Alison Lewis.“Strong cash generation and debt reduction materially improved our financial position, while the completion of the North American snacks divestiture further enhances our margin and cash flow profile going forward.”Hain Celestial stock price Original: Hain Celestial (HAIN) Shares Rally After Earnings Beat Despite Revenue Decline
iHub News
4月前
Hain Celestial Slides After Q2 Earnings and Revenue Come Up ShortFebruary 9, 2026 10:30 AM
IH Market News
Hain Celestial Group Inc. (NASDAQ:HAIN) shares fell more than 3% in premarket trading on Monday after the health and wellness group reported fiscal second-quarter results that missed expectations on both earnings and revenue.The company posted an adjusted loss of $0.03 per share, underperforming the consensus forecast of breakeven results. Revenue totaled $384 million, slightly below analyst expectations of $385.78 million and down 7% from the same quarter last year. Organic net sales also declined 7% year over year, driven by a nine-point drop in volume and mix that was only partly offset by a two-point benefit from pricing.Cash generation provided a rare positive. Net cash from operating activities rose 20% year over year to $37 million, while free cash flow increased to $30 million from $25 million in the prior-year period.“We demonstrated meaningful strategic and operational progress in the second quarter and are advancing our turnaround strategy with urgency,” said Alison Lewis, President and CEO. “We took bold steps to sharpen our portfolio and strengthen our balance sheet through the divestiture of our North American snack business, giving us greater financial flexibility alongside an improved margin and cash flow profile.”Profitability metrics weakened during the quarter. Gross margin declined to 19.4%, a drop of 330 basis points from a year earlier, while adjusted EBITDA fell to $24 million from $38 million in the prior-year period.Performance was particularly soft in North America, where organic net sales fell 10% year over year, largely due to declines in snacks and baby formula. International organic net sales decreased 3%, an improvement from the 4% decline reported in the first quarter.By product category, snacks recorded the sharpest contraction with a 20% drop in organic net sales. Beverages stood out as the only growth area, posting a 3% year-over-year increase.At quarter-end, Hain Celestial reported a net secured leverage ratio of 4.9x under the terms of its credit agreement.Hain Celestial stock price
Original: Hain Celestial Slides After Q2 Earnings and Revenue Come Up Short
iHub News
4月前
Hain Celestial shares surge after agreeing $115 million divestment of snacks unitFebruary 2, 2026 11:01 AM
IH Market News
Shares of Hain Celestial (NASDAQ:HAIN) jumped roughly 12% to about $1.36 in premarket trading on Monday after the company said it will sell its North American snacks business.The organic and natural foods group has agreed to sell the unit to Snackruptors, a family-owned Canadian snacks producer, for $115 million in cash. Hain Celestial expects the transaction to be completed by February 28.Management said the divestment is part of a broader effort to streamline operations and concentrate on core categories and markets with stronger profitability. Following the sale, Hain Celestial’s North American portfolio will be centered on tea, yogurt, baby and kids products, and meal-preparation offerings.“Proceeds from the transaction will be used to reduce debt, strengthening the company’s financial position and leverage profile,” said CEO Alison Lewis.The announcement follows a difficult period for the company, with Hain Celestial shares having fallen nearly 83% over the course of 2025.Hain Celestial stock price
Original: Hain Celestial shares surge after agreeing $115 million divestment of snacks unit
MCArmel1
11年前
Hain Celestial EPS in-line, misses on revenue
Nov 5 2015, 16:57 ET | About: The Hain Celestial Grou... (HAIN) | By: Niloofer Shaikh, SA News Editor
Hain Celestial (NASDAQ:HAIN): FQ1 EPS of $0.37 in-line.
Revenue of $687.19M (+6.9% Y/Y) misses by $15.89M.
Shares -0.33%.
Press Release
http://seekingalpha.com/news/2904796-hain-celestial-eps-in-line-misses-on-revenue?uprof=45#email_link
Hain Celestial Announces Record First Quarter Fiscal Year 2016 Results
Thu November 5, 2015 4:00 PM|PR Newswire | About: HAIN
LAKE SUCCESS, N.Y., Nov. 5, 2015 /PRNewswire/ -- The Hain Celestial Group, Inc. (HAIN), a leading organic and natural products company with operations in North America, Europe and India providing consumers with A Healthier Way of Life", today reported results for its first quarter ended September 30, 2015.
photos.prnewswire.com/prnvar/20130502/NY06743LOGO
First Quarter Performance Highlights
•Record first quarter net sales of $687.2 million, a 9% increase over the prior year period or, on a constant currency basis, an 11% increase over prior year adjusted net sales of $642.6 million. Net sales were negatively impacted by $24 million as a result of foreign exchange rate movements versus a year ago.
•Record first quarter earnings per diluted share of $0.30, a 67% increase; adjusted earnings per diluted share of $0.37, a 9% increase. Foreign currencies negatively impacted reported results by $0.01 per diluted share.
•Operating income of $57.5 million, 8.4% of net sales; adjusted operating income of $63.2 million, 9.2% of net sales.
"We began fiscal year 2016 with record first quarter net sales and earnings growth. Our diversified portfolio delivered strong growth with contribution from our Hain Pure Protein Corporation segment ("HPPC"), with our FreeBird® and Plainville Farms® brands growing 27%, as well as our international businesses in Canada, Continental Europe and the United Kingdom in constant currency, which collectively grew 22%," said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial. "Our United States segment growth did not fully meet our expectations, as strong performance from our snacks, yogurt, tea, and personal care brands was overshadowed by temporary disruptions from some of our distributor and retail customers as well as a decline in grocery brands associated with deceleration in the natural channel. We continued to benefit from the diversification of our business across our branded organic and natural product categories, sales channels and geographies, which fueled solid worldwide results in our typically lowest sales and profitability quarter."
First Quarter 2016
The United States segment reported first quarter net sales of $331 million. In the United Kingdom segment, net sales were $165 million. HPPC reported net sales of $124 million, and the Rest of the World segment reported net sales of $67 million. The Company had strong branded sales in constant currency led by Plainville Farms®, Linda McCartney®, Terra®, Alba Botanica®, JASON®, Tilda®, Garden of Eatin'®, Lima®, Yves Veggie Cuisine®, Celestial Seasonings®, The Greek Gods® and FreeBird®. Net sales of Empire®, Kosher Valley®, Joya® and Live Clean® brands acquired during or after the first quarter of fiscal year 2015 also contributed to the sales growth.
The Company earned net income of $31.3 million, a 67% increase, and adjusted net income of $38.2 million, a 10% increase, compared to the prior year first quarter. Earnings per diluted share for the first quarter were $0.30, a 67% increase versus the prior year period. On an adjusted basis earnings per diluted share for the first quarter were $0.37, a 9% increase. Refer to Non-GAAP Financial Measures in this press release for adjustments.
"We remain optimistic about our growth opportunities in fiscal 2016 and beyond. We expect to build momentum throughout the year across our global footprint through the strength of our diversified product portfolio and customer base while investing in our brands and gaining distribution in the important health and wellness category," concluded Irwin Simon.
Fiscal Year 2016 Guidance
The Company reiterated its annual guidance for fiscal year 2016:
•Total net sales range of $2.97 billion to $3.11 billion, an increase of approximately 10% to 15% as compared to fiscal year 2015;
•Earnings range of $2.11 to $2.26 per diluted share, an increase of 12% to 20% as compared to fiscal year 2015.
Guidance is provided on a non-GAAP basis and excludes acquisition-related expenses, integration and restructuring charges, start-up costs, unrealized net foreign currency gains or losses, reserves for litigation matters and other non-recurring items, including any product recalls or market withdrawals, that have been or may be incurred during the Company's fiscal year 2016, which the Company will continue to identify as it reports its future financial results. Guidance excludes the impact of any future acquisitions.
Segment Results
The Company's operations are managed into the following segments: United States, United Kingdom, HPPC and Rest of World (comprised of Canada and Continental Europe).
The following is a summary of results for the three months ended September 30, 2015 by reportable segment:
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http://seekingalpha.com/pr/15263706-hain-celestial-announces-record-first-quarter-fiscal-year-2016-results