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Mar 31, 2020
Hain Celestial Q3 2020 Earnings Report
Hain Celestial's financial performance exceeded expectations, with net sales increasing and full-year guidance raised.
Key Takeaways
Hain Celestial reported a 1% increase in net sales to $553.3 million in Q3 2020, marking the first year-over-year growth since fiscal 2018. The company's transformation plan and increased food-at-home consumption drove the positive results. Consequently, the company raised its full year guidance for 2020.
Net sales increased by 1% to $553.3 million, or 2% on a constant currency basis.
Gross margin increased to 23.9%, a 324 basis point increase year-over-year.
Earnings per diluted share (EPS) reached $0.24, compared to $0.08 in the prior year period.
The Company repurchased 2.4 million shares, or 2.3% of the outstanding common stock.
Hain Celestial
Hain Celestial
Hain Celestial Revenue by Segment
Revenue by Segment
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The Company now expects all profit metrics for the full year ending June 30, 2020 to be higher than their previously provided ranges as a result of the ongoing execution of our transformation plan and higher food-at-home consumption related to the COVID-19 pandemic.
Positive Outlook
- Ongoing execution of transformation plan.
- Higher food-at-home consumption related to the COVID-19 pandemic.
- Adjusted EBITDA between $190 Million to $200 Million.
- Constant Currency Adjusted EBITDA between $195 Million to $205 Million.
- Adjusted EPS between $0.75 to $0.82.
Challenges Ahead
- Magnitude and duration of increased demand remains uncertain.
- Challenge to maintain the level of supply needed to keep up with the increased demand.
- Assumes its supply chain continues to operate with minimal disruption for the remainder of fiscal 2020.
- Excludes acquisition and divestiture related expenses
- Excludes integration charges
Revenue & Expenses
Visualization of income flow from segment revenue to net income