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Sep 30, 2020
Hain Celestial Q1 2021 Earnings Report
Hain Celestial's first quarter results demonstrated net sales growth and gross margin expansion.
Key Takeaways
Hain Celestial reported a 3% increase in net sales to $498.6 million and a gross margin of 23.9%, a 360 basis point increase. The company's adjusted EBITDA was $54.9 million, with an adjusted EBITDA margin of 11.0%.
Net sales increased 3% to $498.6 million.
Gross margin increased by 360 basis points to 23.9%.
Adjusted EBITDA reached $54.9 million, a 435 basis point increase to 11.0%.
Adjusted earnings per diluted share were $0.27, up from $0.08 in the prior year period.
Hain Celestial
Hain Celestial
Hain Celestial Revenue by Segment
Revenue by Segment
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Hain Celestial reaffirms its expectation for gross and adjusted EBITDA margin expansion as well as strong double-digit adjusted EBITDA and operating free cash flow growth for fiscal year 2021. The Company expects mid-single digit topline growth (on a constant currency basis adjusted for divestitures and discontinued brands) with several hundred basis points of gross margin improvement and adjusted EBITDA growth similar to the growth in the second half of prior year for second quarter fiscal year 2021.
Positive Outlook
- Expectation for gross margin expansion
- Expectation for adjusted EBITDA margin expansion
- Expectation for strong double-digit adjusted EBITDA growth
- Expectation for operating free cash flow growth
- Expects mid-single digit topline growth (on a constant currency basis adjusted for divestitures and discontinued brands)
Challenges Ahead
- Continuing uncertainty around the duration and impact of the COVID-19 pandemic
- Company is not providing specific financial guidance for fiscal year 2021.
- Operating loss in the International segment includes an impairment charge of $32.5 million related to the United Kingdom fruit business.
- Net loss of $10.8 million primarily driven by the United Kingdom fruit business impairment of $32.5 million
- Macro operating environment remains fluid
Revenue & Expenses
Visualization of income flow from segment revenue to net income