Hain Celestial (HAIN) Tops Q3 EPS by 4c

Hain Celestial (NASDAQ: HAIN) reported Q3 EPS of $0.28, $0.04 better than the analyst estimate of $0.24. Revenue for the quarter came in at $553.1 million versus the consensus estimate of $542.11 million.

Mark L. Schiller, Hain Celestial\'s President and Chief Executive Officer, commented, "I am pleased to be raising our full year guidance for 2020 as third quarter financial performance exceeded our previous guidance and is expected to show continuing strength in the current quarter. With our transformation plan taking hold and food-at-home consumption accelerating, Hain Celestial's natural and organic product offerings resonated with consumers, resulting in year-over-year growth in third quarter net sales, the first such increase since fiscal 2018."

Schiller continued, "Across our organization, we are taking necessary safety measures to best manage our business in the current operating environment as we continue to deliver against our transformational strategic plan. I am proud of how Hain associates across the globe rose to the occasion to partner with our valued customers and suppliers to deliver for our consumers and local communities in the face of unprecedented global challenges. As a result of the actions we have taken, we are well positioned to manage through this unprecedented crisis and emerge an even stronger company."

Sees FY 2020 EPS of $0.75-$0.82 (or $0.78-$0.85 in constant currency) versus the consensus of $0.72.

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

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