Hain Celestial (HAIN) Misses Q3 EPS by 12c

Hain Celestial (NASDAQ: HAIN) reported Q3 EPS of $0.33, $0.12 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $502.9 million versus the consensus estimate of $520.62 million.

GUIDANCE:

For the fourth quarter fiscal year 2022, compared to the prior year period, the Company expects:

• Low to mid single digit adjusted net sales growth supported by double digit growth in North America,
• Modest adjusted gross margin reduction, and
• Adjusted EBITDA down low to mid single digits (including approximately 300 basis points of foreign exchange headwind).

The Company updates its adjusted net sales and adjusted EBITDA guidance for full fiscal year 2022 compared to fiscal year 2021 and now expects:

• Approximately flat adjusted net sales,
• Modest adjusted gross margin reduction, and a
• Low double digit adjusted EBITDA decline.

For earnings history and earnings-related data on Hain Celestial (HAIN) click here.

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