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Mar 31, 2023
Hain Celestial Q3 2023 Earnings Report
Hain Celestial's Q3 2023 financial results were reported, with a new CEO taking steps to shape the future for growth.
Key Takeaways
Hain Celestial reported a 9% decrease in net sales to $455.2 million. The company experienced a net loss of $115.7 million, including pretax non-cash impairment charges of $156.6 million. Adjusted EPS was $0.08, compared to $0.33 in the prior year period.
Net sales decreased by 9% to $455.2 million compared to the prior year period.
Net loss was $115.7 million, compared to net income of $24.5 million in the prior year period, including $156.6 million in pretax non-cash impairment charges.
Adjusted net income was $7.4 million compared to $29.7 million in the prior year period.
Adjusted EPS was $0.08 compared to $0.33 in the prior year period.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is updating its financial guidance for full year fiscal 2023 for both adjusted net sales and adjusted EBITDA on a constant currency basis compared to the prior year and now expects:Adjusted net sales to be down -4% to -3% versus prior year, and Adjusted EBITDA at constant currency to be down -15% to -13%. For the fourth quarter of fiscal 2023, the Company expects:Adjusted net sales to be down low single digit percentages versus the prior year period, Adjusted gross margins to be up year-over-year and sequentially, and Adjusted EBITDA at constant currency expected to be approximately $40 million to $44 million.
Positive Outlook
- Adjusted gross margins to be up year-over-year and sequentially
- Adjusted EBITDA at constant currency expected to be approximately $40 million to $44 million.
Challenges Ahead
- Adjusted net sales to be down -4% to -3% versus prior year
- Adjusted EBITDA at constant currency to be down -15% to -13%.
- Adjusted net sales to be down low single digit percentages versus 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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