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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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