Hain Celestial (HAIN) Tops Q2 EPS by 4c

Hain Celestial (NASDAQ: HAIN) reported Q2 EPS of $0.34, $0.04 better than the analyst estimate of $0.30. Revenue for the quarter came in at $528.4 million versus the consensus estimate of $522.45 million.

Mark L. Schiller, Hain Celestial\'s President and Chief Executive Officer, commented, "We are very pleased with our second quarter results, delivering mid-single digit topline growth, several hundred basis points of gross margin improvement and strong adjusted EBITDA growth. Although the macro operating environment remains challenging, our team continues to execute well against our transformational agenda. As a result, I am confident we will continue to see solid margin expansion and profit growth as we progress through the second half of fiscal year 2021."

GUIDANCE:

Due to the continuing uncertainty around the duration and impact of the COVID-19 pandemic, the Company is not providing specific financial guidance for fiscal year 2021. The Company reaffirms its expectation for gross and adjusted EBITDA margin expansion as well as strong double-digit adjusted EBITDA and operating free cash flow growth for fiscal year 2021. However, for the third quarter fiscal year 2021, in comparison to the prior year period, the Company expects strong gross margin and EBITDA margin improvement and adjusted EBITDA growth near 10%.

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

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