The shares of the Hain Celestial Group, Inc. ( HAIN ) are trading higher on Tuesday.

The company reported fourth quarter adjusted earnings per share of 13 cents, beating the analyst consensus estimate of 8 cents. Quarterly revenues of $418.80 million missed the street view of $421.2 million.

Net sales slumped 6% year-over-year. Organic net sales decreased 4% compared to the prior year period.

Fiscal fourth quarter, organic net sales growth in the Snacks segment was flat year-over-year, the Baby & Kids unit fell 10%, and Beverages registered net sales growth of 3% year-over-year. Personal care experienced a 17% year-over-year decline in organic net sales.

Also Read: Hain Celestial Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts

In the latest financial results for Hain Celestial Group ( HAIN ), the adjusted gross profit margin increased by 70 basis points to 23.4% compared to the previous year.

Adjusted net income rose to $11 million, up from $10 million in the prior year. However, adjusted EBITDA decreased to $40 million from $44 million year-over-year, and the adjusted EBITDA margin declined by 30 basis points to 9.4%.

Outlook: The Hain Celestial Group ( HAIN ) anticipates organic net sales growth for FY25 to be flat or better. Additionally, the company expects its gross margin to increase by at least 125 basis points.

“Our fuel initiatives exceeded our targets for fiscal 2024, allowing us to pay down debt, invest in capabilities, and to deliver on our updated full-year guidance,”  said Wendy Davidson, President and CEO.

Price Action: HAIN shares are trading higher by 8.20% to $7.39 premarket at last check Tuesday.

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