Hain Celestial (HAIN) Misses Q3 EPS by 8c; offers guidance

Hain Celestial (NASDAQ: HAIN) reported Q3 EPS of $0.08, $0.08 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $455.2 million versus the consensus estimate of $484 million.

The Company is updating its financial guidance for full year fiscal 2023 for both adjusted net sales and adjusted EBITDA on a constant currency basis compared to the prior year and now expects:

Adjusted net sales to be down -4% to -3% versus prior year, and
Adjusted EBITDA at constant currency to be down -15% to -13%.

For the fourth quarter of fiscal 2023, the Company expects:

Adjusted net sales to be down low single digit percentages versus the prior year period,
Adjusted gross margins to be up year-over-year and sequentially, and
Adjusted EBITDA at constant currency expected to be approximately $40 million to $44 million.

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

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