Hain Celestial Shares Slide As Q4 Revenue Miss, Weak Q1 Outlook

Hain Celestial Group Inc HAIN reported a fourth-quarter FY21 sales decline of 12% year-on-year, to $450.65 million, missing the analyst consensus of $459.23 million.
North American sales fell 15% Y/Y, and International sales fell 7%.
The gross margin decreased 41 basis points Y/Y to 25.0%.
The operating margin was 9.2%, and operating income for the quarter rose 64.4% to $41.6 million.
The company held $75.8 million in cash and equivalents as of June 30, 2021.
Net cash provided by operating activities totaled $50.2 million.
Adjusted EBITDA of $68.1 million increased 9.5% Y/Y.
Adjusted EPS of $0.39 met the analyst consensus estimate.
Hain Celestial's Board has approved an additional $300 million share repurchase authorization.
Outlook: Hain Celestial sees low single-digit adjusted net sales growth for FY22.
Net sales to be down low to mid-single digits on an adjusted basis and down low double digits on a reported basis in Q1.
Price Action: HAIN shares are trading lower by 8.95% at $36.42 on the last check Thursday.

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