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Dec 31, 2021
Hain Celestial Q2 2022 Earnings Report
Hain Celestial's second quarter results reflected adjusted net sales growth at the high end of original guidance and adjusted EBITDA consistent with mid-January pre-announcement.
Key Takeaways
Hain Celestial reported a decrease in net sales by 10% to $476.9 million, but adjusted net sales decreased by only 2%. The company utilized aggressive pricing and productivity to offset most of the cost headwinds. They reaffirmed full year adjusted net sales growth guidance and updated full year adjusted EBITDA guidance.
Net sales decreased 10% to $476.9 million compared to the prior year period.
Adjusted EBITDA of $59.3 million compared to $62.2 million in the prior year period.
Earnings per diluted share (“EPS”) of $0.33 compared to $0.02 in the prior year period.
Adjusted EPS of $0.36 compared to $0.34 in the prior year period.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company updates its guidance for full fiscal year 2022 compared to fiscal year 2021 and now expects low single digit adjusted net sales growth, modest adjusted gross margin reduction, and adjusted EBITDA approximately flat versus prior year.
Positive Outlook
- Expects low single digit adjusted net sales growth consistent with prior guidance.
- Anticipates modest adjusted gross margin reduction.
- Projects adjusted EBITDA approximately flat versus prior year.
- Company expects to utilize aggressive pricing.
- Company expects productivity to offset cost headwinds.
Challenges Ahead
- Expects continued elevated supply chain costs.
- Expects continued supply chain disruptions.
- Net sales decreased 10% compared to the prior year period.
- Gross margin of 24.6% was flat compared to the prior year period.
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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