Hain Celestial reported a decrease in net sales but an increase in gross profit margin. The company's net loss improved compared to the prior year period. Strong free cash flow generation enabled debt reduction.
Net sales decreased by 6% year-over-year to $419 million.
Organic net sales decreased by 4% compared to the prior year period.
Gross profit margin increased by 90 basis points to 23.4%.
Net loss improved to $3 million compared to a net loss of $19 million in the prior year period.
The company is offering the following guidance for fiscal 2025: Organic net sales growth is expected to be flat or better; Adjusted EBITDA is expected to grow by mid-single-digits; Gross margin is expected to increase by at least 125 basis points; Free cash flow is expected to be at least $60 million.
Visualization of income flow from segment revenue to net income