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Jun 30, 2023
Hain Celestial Q4 2023 Earnings Report
Results near high end of expectations, and fiscal 2024 outlook provided.
Key Takeaways
Hain Celestial reported fourth quarter and fiscal year 2023 financial results. The company saw a decrease of 2.0% in net sales compared to the prior year period, totaling $447.8 million. Despite the sales decline, there was a 300-basis point increase in gross profit margin. The company is encouraged by these positive indicators as a precursor to our Hain Reimagined Strategy.
Net sales decreased 2.0% to $447.8 million compared to the prior year period.
Gross profit margin was 22.5%, a 300-basis point increase from the prior year period.
Net loss was $18.7 million compared to net income of $3.0 million in the prior year period.
Adjusted EPS was $0.11 compared to $0.08 in the prior year period.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is offering the following guidance for fiscal 2024: Adjusted net sales up 2% to 4% versus the prior year, and Adjusted EBITDA to be between $155 million and $165 million
Positive Outlook
- Adjusted net sales up 2% to 4% versus the prior year
- Adjusted EBITDA to be between $155 million and $165 million
Challenges Ahead
- We expect these investments along with the refunding of our incentive plan to create an adjusted EBTIDA drag year-over-year of approximately $20 million as we invest for the future.
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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