Hain Celestial (NASDAQ: HAIN) reported Q2 EPS of $0.20, $0.07 better than the analyst estimate of $0.13. Revenue for the quarter came in at $454.2 million versus the consensus estimate of $459.18 million.

FULL YEAR FISCAL 2023 GUIDANCE:

The Company is reaffirming its financial guidance for adjusted net sales and adjusted EBITDA on a constant currency basis of -1% to +4% compared to the prior year, driven by:

• Stable North American topline performance with moderate price elasticities and inflation starting to plateau
• International performance returning to growth in the second half of the year, with additional pricing actions, a benefit from private label offerings, and the lapping of both the beginning of the Russia-Ukraine war and the loss of the co-manufacturing contract and
• Overall gross margin progression versus the prior year through continued improvement in supply chain performance with improved service levels, robust productivity, and continued cost management

“We are encouraged that we continued to see sequential improvement in our business and remain on track to deliver on our 2023 financial guidance,” added Mr. Bellairs. “With the unprecedented industry-wide supply chain challenges largely behind us, we look forward to increased investment behind our brands to drive topline growth.”

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