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Sep 30, 2023
Hain Celestial Q1 2024 Earnings Report
Hain Celestial's first quarter 2024 financial results were reported, meeting net sales expectations and exceeding adjusted EBITDA guidance.
Key Takeaways
Hain Celestial reported a decrease in net sales by 3.3% to $425.0 million, with organic net sales decreasing by 2.9%. The company experienced a net loss of $10.4 million, compared to a net income of $6.9 million in the prior year period. Adjusted EBITDA was $24.1 million, compared to $36.0 million in the prior year period. The company reaffirms fiscal year 2024 guidance.
Net sales decreased by 3.3% to $425.0 million, with organic net sales down by 2.9%.
Net loss was $10.4 million, a significant decrease compared to net income of $6.9 million in the prior year.
Adjusted EBITDA decreased to $24.1 million from $36.0 million in the previous year.
The company reaffirms its fiscal year 2024 outlook, expecting organic net sales to increase by 2% to 4% and adjusted EBITDA to be between $155 million and $165 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is reaffirming the following guidance for fiscal 2024: Organic net sales up 2% to 4% versus the prior year, and Adjusted EBITDA to be between $155 million and $165 million.
Positive Outlook
- Maintaining guidance for the full year despite achieving adjusted EBITDA ahead of expectations.
- Hain Reimagined strategy is designed to be self-funded and flexible.
- Continue to invest in the business to drive profitable growth.
- Adjusting the pace of investment as we progress.
- Expect organic net sales up 2% to 4% versus the prior year.
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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