Hain Celestial Q1 Earnings Top Estimates, Reaffirms FY22 Outlook

Hain Celestial Group Inc HAIN reported a first-quarter FY22 sales decline of 8.8% year-on-year, to $454.9 million, beating the analyst consensus of $442.59 million.
Net sales from North America decreased 5% Y/Y, and International sales declined 13%.
Adjusted gross margin for the quarter fell 24 basis points Y/Y to 23.9%. The gross margin contracted 72 basis points to 23.2%.
The operating margin was 5.6%, and operating income for the quarter was $25.5 million versus $3.3 million last year.
Adjusted EBITDA of $47.3 million decreased 13.8% Y/Y with an adjusted EBITDA margin decline of 61 basis points to 10.4%.
Adjusted EPS of $0.25 beat the analyst consensus of $0.24.
The company held $28.9 million in cash and equivalents as of September 30, 2021.
Outlook: Hain Celestial continues to expect FY22 adjusted net sales growth in low single-digit, modest adjusted gross margin expansion, and mid to high single-digit adjusted EBITDA growth.
Price Action: HAIN shares are trading higher by 4.21% at $47.77 on the last check Tuesday.

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