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Hain Celestial: An Interesting Turnaround Bet
Seeking Alpha· 2024-11-19 07:40
The Hain Celestial Group (NASDAQ: HAIN ) stock price corrected sharply after the last quarter's results. However, factors impacting its results in the previous quarter are short-term and unlikely to recur as we move into the back half ofI have over 15 years of experience investing and have provided research services to mid-sized hedge funds with assets under management between $100 and $500 million. I also have had a brief stint as a sell-side analyst. I am now focusing primarily on managing my own money an ...
Hain Celestial (HAIN) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2024-11-08 04:30
For the quarter ended September 2024, Hain Celestial (HAIN) reported revenue of $394.6 million, down 7.2% over the same period last year. EPS came in at -$0.04, compared to -$0.04 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $393.18 million, representing a surprise of +0.36%. The company delivered an EPS surprise of -100.00%, with the consensus EPS estimate being -$0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...
Hain Celestial(HAIN) - 2025 Q1 - Quarterly Report
2024-11-07 21:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 or ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File No. 0-22818 THE HAIN CELESTIAL GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 22-3240619 ...
Hain Celestial(HAIN) - 2025 Q1 - Earnings Call Transcript
2024-11-07 20:39
The Hain Celestial Group, Inc. (NASDAQ:HAIN) Q1 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Alexis Tessier - VP, IR Wendy Davidson - President & CEO Lee Boyce - EVP & CFO Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to the Hain Celestial Fiscal First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Ins ...
Hain Celestial Q1 Loss Wider Than Estimates, Organic Sales Slip Y/Y
ZACKS· 2024-11-07 18:46
Financial Performance - The company reported a year-over-year decline in net sales of 7.2%, with net sales of $394.6 million, slightly beating the consensus estimate of $393 million [1][5] - Organic sales decreased by 5% year-over-year, driven by a 4-point drop in volume/mix and a 1-point reduction in price [5] - Adjusted gross profit fell 6.1% to $81.9 million, but the adjusted gross margin expanded by 30 basis points to 20.8% [5] - Adjusted EBITDA was $22.4 million, down from $24.1 million in the year-ago quarter, with the adjusted EBITDA margin remaining flat at 5.7% [6] Segment Performance - North America segment net sales declined 11.1% year-over-year to $231.1 million, with organic net sales down 6% due to lower snack sales [7] - The North America segment's adjusted EBITDA dropped to $12.5 million, with the adjusted EBITDA margin decreasing by 180 basis points to 5.4% [8] - International segment net sales fell 0.9% to $163.5 million, with organic net sales down 3% due to lower sales in meal prep and baby & kids categories [8] - The International segment's adjusted EBITDA increased to $20.4 million, with the adjusted EBITDA margin expanding by 190 basis points to 12.5% [9] Strategic Initiatives - The company is focusing on refining its portfolio, streamlining operations, and investing in marketing for essential brands to improve gross margins and brand awareness [2] - Through revenue growth management, working capital optimization, and productivity enhancements, the company aims to generate resources for reinvestment and long-term shareholder value [3] Financial Position - The company ended the quarter with $56.9 million in cash and cash equivalents, long-term debt of $732.8 million, and total shareholders' equity of $963.7 million [10] - Net cash used in operating activities was $10.8 million, with a free cash outflow of $17 million during the quarter [10] Outlook - For fiscal 2025, the company expects organic net sales growth to be flat or better, with adjusted EBITDA projected to rise in the mid-single digits and gross margin anticipated to increase by at least 125 basis points [12] - The company anticipates generating at least $60 million in free cash flow for the year [12] - Hain Celestial's shares have gained 8.3% in the past three months, outperforming the industry's 0.7% decline [12]
Hain Celestial (HAIN) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2024-11-07 14:30
Core Viewpoint - Hain Celestial reported a quarterly loss of $0.04 per share, missing the Zacks Consensus Estimate of a loss of $0.02, indicating a significant earnings surprise of -100% [1] - The company’s revenues for the quarter ended September 2024 were $394.6 million, slightly surpassing the Zacks Consensus Estimate by 0.36%, but down from $425.03 million year-over-year [2] Financial Performance - Over the last four quarters, Hain Celestial has exceeded consensus EPS estimates three times, but the recent report shows a loss consistent with the previous year [1][2] - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $440.09 million, and for the current fiscal year, it is $0.48 on revenues of $1.7 billion [7] Market Position - Hain Celestial shares have declined approximately 18.7% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The Zacks Industry Rank places the Food - Miscellaneous sector in the bottom 43% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] Future Outlook - The sustainability of Hain Celestial's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] - The estimate revisions trend for Hain Celestial is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]
Hain Celestial(HAIN) - 2025 Q1 - Quarterly Results
2024-11-07 12:13
Exhibit 99.1 Hain Celestial Reports Fiscal First Quarter 2025 Financial Results Company Positioned for Growth, Reaffirms Fiscal 2025 Guidance HOBOKEN, N.J., November 7, 2024 — Hain Celestial Group (Nasdaq: HAIN), a leading global health and wellness company whose purpose is to inspire healthier living through better-for-you brands, today reported financial results for its fiscal first quarter ended September 30, 2024. "Our performance in the first quarter built upon the momentum from our foundational year b ...
Celestial Seasonings® Tea Announces Two New Innovations
Prnewswire· 2024-10-31 13:00
The global specialty tea brand adds the new Lemon Honey Drop and Sleepytime® Biotin Beauty Rest teas to its lineupBOULDER, Colo., Oct. 31, 2024 /PRNewswire/ -- With more than 50 years of expertise in the specialty bagged tea category, Celestial Seasonings, the leading herbal tea brand and part of the Hain Celestial Group (Nasdaq: HAIN), is adding two new Non-GMO Project verified products with functional benefits to its expansive line of teas, just in time for colder weather. Thoughtfully crafted to inspire ...
Celestial Seasonings Invites Tea Drinkers to "Taste Our World" in New Creative Campaign
Prnewswire· 2024-10-29 17:46
BOULDER, Colo., Oct. 29, 2024 /PRNewswire/ -- Celestial Seasonings, a leading specialty tea brand and part of the Hain Celestial Group (Nasdaq: HAIN) is pleased to unveil its new "Taste Our World" campaign, a celebration of the brand's more than 50-year commitment to sourcing the very best ingredients and creating delicious, uplifting specialty bagged teas. Video ad for Celestial Seasonings new "Taste Our World" creative campaign. Static asset featuring Celestial Seasonings Cinnamon Apple Spice tea in its n ...
Should Value Investors Buy The Hain Celestial Group (HAIN) Stock?
ZACKS· 2024-10-29 14:41
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...