Hain Celestial Shares Slide As Q4 Revenue Miss, Weak Q1 Outlook

  • Hain Celestial Group Inc HAIN reported a fourth-quarter FY21 sales decline of 12% year-on-year, to $450.65 million, missing the analyst consensus of $459.23 million.
  • North American sales fell 15% Y/Y, and International sales fell 7%.
  • The gross margin decreased 41 basis points Y/Y to 25.0%.
  • The operating margin was 9.2%, and operating income for the quarter rose 64.4% to $41.6 million.
  • The company held $75.8 million in cash and equivalents as of June 30, 2021.
  • Net cash provided by operating activities totaled $50.2 million.
  • Adjusted EBITDA of $68.1 million increased 9.5% Y/Y.
  • Adjusted EPS of $0.39 met the analyst consensus estimate.
  • Hain Celestial's Board has approved an additional $300 million share repurchase authorization.
  • Outlook: Hain Celestial sees low single-digit adjusted net sales growth for FY22.
  • Net sales to be down low to mid-single digits on an adjusted basis and down low double digits on a reported basis in Q1.
  • Price Action: HAIN shares are trading lower by 8.95% at $36.42 on the last check Thursday.
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