Hain Celestial (HAIN) Misses Q4 EPS by 21c, Miss on Revenues; Offers Soft FY17 EPS Guidance
Hain Celestial (NASDAQ: HAIN) reported Q4 EPS of $0.33, $0.21 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $706.56 million versus the consensus estimate of $721.15 million.
GUIDANCE:
Hain Celestial sees FY2017 EPS of $1.19-$1.22, versus the consensus of $1.90. Hain Celestial sees FY2017 revenue of $2.84-2.86 billion, versus the consensus of $2.86 billion.
Fourth Quarter and Full Fiscal 2017 Guidance The Company provided the following fourth quarter and full fiscal 2017 guidance expectations:
Fourth Quarter 2017
Full Year 2017
Net Sales
$715 million to $735 million
$2.84 to $2.86 billion
Adjusted EBITDA
$80 million to $85 million
$270 million to $275 million
Adjusted EPS
$0.40 to $0.43
$1.19 to $1.22
For the fourth quarter of fiscal 2017, the Company's projected net sales reflects an estimate of approximately 1% year-over-year decline in U.S. dollars and approximately 4% year-over-year growth on a constant currency basis.
Irwin Simon concluded, "We have continued to make significant progress across key areas of our business, and while our financial results were impacted by a challenging operating environment during the first three quarters of 2017, we believe that we have reached an inflection point in the fourth quarter, with the Company well-positioned for long-term growth and profitability."
Guidance is provided on a non-GAAP or adjusted basis, which excludes acquisition-related expenses, integration and restructuring charges, start-up costs, unrealized net foreign currency gains or losses, reserves for litigation matters and other non-recurring items that have been or may be incurred during the Company\'s fiscal year 2017, which the Company will continue to identify as it reports its future financial results. Guidance excludes the impact of any future acquisitions.
The Company has not reconciled its expected Adjusted EBITDA to net income or Adjusted EPS to earnings per share under "Fourth Quarter and Full Fiscal 2017 Guidance" and "Fiscal Year 2018 Outlook" because it has not finalized calculations for several factors necessary to provide the reconciliations, including net income, interest expense and income tax expense. In addition, certain items that impact net income and other reconciling metrics are out of the Company\'s control and/or cannot be reasonably predicted at this time.
Initial Fiscal Year 2018 Outlook The Company also announced the following financial targets:
Total net sales growth of 4% to 6%
Adjusted EBITDA of $350 million to $375 million.
For earnings history and earnings-related data on Hain Celestial (HAIN) click here.