Hain Celestial (HAIN) Misses Q3 EPS by 10c
Hain Celestial (NASDAQ: HAIN) reported Q3 EPS of $0.37, $0.10 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $632.7 million versus the consensus estimate of $747.24 million.
The Company's previously issued guidance was inclusive of Hain Pure Protein's results, and therefore, the Company has updated its guidance to exclude Hain Pure Protein. Additionally, the Company updated Adjusted EPS and Adjusted EBITDA guidance for fiscal year 2018 to reflect the results of current operations, continued higher investment in marketing and brand awareness, primarily in the United States, as well as increased freight and certain commodity price headwinds:
Original Guidance | Less:Hain Pure Protein | Adjusted Guidance | Updated FY 2018 Guidance | ||||||||
Low | High | Low | High | Low | High | ||||||
Net Sales ($M) | $ 2,967 | $ 3,036 | $ (533) | $ 2,434 | $ 2,503 | $ 2,434 | $ 2,503 | ||||
Adjusted EBITDA ($M) | $ 340 | $ 355 | $ (48) | $ 292 | $ 307 | $ 250 | $ 260 | ||||
Adjusted EPS(1) | $ 1.64 | $ 1.75 | $ (0.25) | $ 1.39 | $ 1.50 | $ 1.11 | $ 1.18 | ||||
For earnings history and earnings-related data on Hain Celestial (HAIN) click here.