Hain Celestial (HAIN) Tops Q1 EPS by 1c

Hain Celestial (NASDAQ: HAIN) reported Q1 EPS of $0.10, $0.01 better than the analyst estimate of $0.09. Revenue for the quarter came in at $439.4 million versus the consensus estimate of $450.91 million.

FULL YEAR FISCAL 2023 GUIDANCE:

While we expect continued volatility, especially in Europe, the Company is reaffirming its previously disclosed guidance of adjusted net sales and adjusted EBITDA on a constant currency basis of -1% to +4% compared to the prior year, with growth skewed toward the second half of the year driven by:

• Ongoing momentum in North America
• 2023 price increases, most of which are already accepted by retail partners, to offset expected mid-teens year-over-year inflation
• Continued improvement in our supply chain performance with less disruptions, robust productivity and continued cost containment and
• An uncertain, but improving, retail environment in the United Kingdom and new contracts on our non-diary beverage business in Europe

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

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