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Sep 30, 2021
Hain Celestial Q1 2022 Earnings Report
Hain Celestial's first quarter of fiscal year 2022 financial results exceeded expectations.
Key Takeaways
Hain Celestial reported better than expected top line and bottom line performance in the first quarter, despite facing industry-wide inflation and labor challenges. Net sales decreased by 9% to $454.9 million, but were flat when adjusted for foreign exchange, divestitures, and discontinued brands. GAAP EPS was $0.20, and adjusted EPS was $0.25. The company reaffirmed its full fiscal year 2022 guidance.
Net sales decreased 9% to $454.9 million, or 11% on a constant currency basis.
Adjusted for foreign exchange, divestitures and discontinued brands, net sales were flat compared to the prior year period.
GAAP EPS of $0.20 compared to a loss of $0.11 in the prior year period.
Adjusted EPS of $0.25 compared to $0.27 in the prior year period.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For full fiscal year 2022, the Company continues to expect low single digit adjusted net sales growth, modest adjusted gross margin expansion, and mid to high single digit adjusted EBITDA growth.
Positive Outlook
- Low single digit adjusted net sales growth
- Modest adjusted gross margin expansion
- Mid to high single digit adjusted EBITDA growth
- Net sales to be up by mid to high single digit in the second half of fiscal year 2022
- Adjusted EBITDA to be up low double digits in the second half of fiscal year 2022
Challenges Ahead
- Net sales to be down low single digit on an adjusted basis in the first half of fiscal year 2022
- Adjusted EBITDA to be down mid-single digit in the first half of fiscal year 2022
- Elevated demand during the first half of fiscal year 2021 from the COVID-19 pandemic
- Highly inflationary current environment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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