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Dec 31, 2022
Hain Celestial Q2 2023 Earnings Report
Hain Celestial reported solid second quarter results, ahead of guidance on both adjusted gross margin and adjusted EBITDA on a constant currency basis.
Key Takeaways
Hain Celestial reported a decrease in net sales by 5% to $454.2 million, but solid second quarter results, ahead of guidance on both adjusted gross margin and adjusted EBITDA on a constant currency basis. Net income was $11.0 million, and adjusted EBITDA on a constant currency basis was $52.7 million.
Net sales decreased 5% to $454.2 million compared to the prior year period.
Net income of $11.0 million compared to $30.9 million in the prior year period.
Adjusted EBITDA on a constant currency basis of $52.7 million compared to $59.3 million in the prior year period.
Earnings per diluted share (“EPS”) of $0.12 compared to $0.33 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
The Company is reaffirming its financial guidance for adjusted net sales and adjusted EBITDA on a constant currency basis of -1% to +4% compared to the prior year.
Positive Outlook
- Stable North American topline performance with moderate price elasticities and inflation starting to plateau
- International performance returning to growth in the second half of the year, with additional pricing actions
- Benefit from private label offerings
- Lapping of both the beginning of the Russia-Ukraine war
- Lapping of the loss of the co-manufacturing contract
Revenue & Expenses
Visualization of income flow from segment revenue to net income