The Hain Celestial Group Earnings: Here’s Why Investors are Excited Now
The Hain Celestial Group, Inc. (NASDAQ:HAIN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 6%.
The Hain Celestial Group, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 38.3% to $0.65 in the quarter versus EPS of $0.47 in the year-earlier quarter.
Revenue: Rose 37.44% to $463.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Hain Celestial Group, Inc. reported adjusted EPS income of $0.65 per share. By that measure, the company beat the mean analyst estimate of $0.62. It beat the average revenue estimate of $454.75 million.
Quoting Management: “With record net sales, the highest in the Company’s history, we delivered a strong finish to the end of our fiscal year, and I am pleased with the results,” said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial. “Our US business achieved outstanding sales along with improvements in other key performance measures. Hain Daniels delivered increased results as it transitioned to a growing, more profitable platform in the UK, which we believe is well-positioned for accelerated growth. Our Rest of World segment, which includes Canada and Continental Europe, also delivered solid results.”
Key Stats (on next page)…