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Sep 30, 2022
Hain Celestial Q1 2023 Earnings Report
Hain Celestial's first quarter results outperformed guidance, with sequential improvements in gross margin and bottom-line growth, driven by strong growth brands, supply chain performance, and North America business contributions. International remains volatile, but the company is managing it and making good progress against its full year plan.
Key Takeaways
Hain Celestial reported net sales of $439.4 million, a 3% decrease compared to the prior year period. Net income was $6.9 million, and adjusted net income was $9.2 million. The company reaffirmed its full year fiscal 2023 guidance.
North America net sales increased 8.6%.
North America adjusted net sales increased 3.4%.
Net income was $6.9 million.
Adjusted net income was $9.2 million.
Hain Celestial
Hain Celestial
Hain Celestial Revenue by Segment
Revenue by Segment
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The Company is reaffirming its previously disclosed guidance of adjusted net sales and adjusted EBITDA on a constant currency basis of -1% to +4% compared to the prior year, with growth skewed toward the second half of the year.
Positive Outlook
- Ongoing momentum in North America
- 2023 price increases, most of which are already accepted by retail partners, to offset expected mid-teens year-over-year inflation
- Continued improvement in our supply chain performance with less disruptions, robust productivity and continued cost containment
- An uncertain, but improving, retail environment in the United Kingdom
- New contracts on our non-diary beverage business in Europe
Revenue & Expenses
Visualization of income flow from segment revenue to net income