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Mar 31, 2022
Hain Celestial Q3 2022 Earnings Report
Hain Celestial's financial performance was reported for Q3 2022, with net sales increasing, but gross profit margin and operating income decreasing due to inflationary pressures.
Key Takeaways
Hain Celestial reported a 2.1% increase in net sales to $502.9 million for Q3 2022. However, the gross profit margin decreased by 340 basis points to 23.0%, and operating income decreased to $35.2 million from $49.6 million in the prior year period. The company is implementing pricing actions and supply chain initiatives to offset cost pressures and improve margins.
Net sales increased by 2.1% to $502.9 million.
North America net sales increased 13.3%.
Earnings per diluted share (EPS) were $0.27, while adjusted EPS was $0.33.
The company repurchased 3.6 million shares at an average price of $36.48 per share.
Hain Celestial
Hain Celestial
Hain Celestial Revenue by Segment
Revenue by Segment
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The Company expects low to mid single digit adjusted net sales growth supported by double digit growth in North America for the fourth quarter fiscal year 2022. The Company updates its adjusted net sales and adjusted EBITDA guidance for full fiscal year 2022 and now expects approximately flat adjusted net sales, modest adjusted gross margin reduction, and a low double digit adjusted EBITDA decline.
Positive Outlook
- Low to mid single digit adjusted net sales growth supported by double digit growth in North America
- Approximately flat adjusted net sales for full fiscal year 2022
Challenges Ahead
- Modest adjusted gross margin reduction
- Adjusted EBITDA down low to mid single digits (including approximately 300 basis points of foreign exchange headwind)
- Low double digit adjusted EBITDA decline for full fiscal year 2022
Revenue & Expenses
Visualization of income flow from segment revenue to net income