Overview

* Hain Celestial ( HAIN ) fiscal Q1 net sales down 7% yr/yr, slightly beating analyst expectations

* Adjusted EPS for fiscal Q1 missed analyst expectations

* Company focused on stabilizing sales and improving profitability through cost discipline

Outlook

* Hain Celestial ( HAIN ) aims to stabilize sales and improve profitability in the near term

* Company expects improved trends in the back half of the year

* Hain Celestial ( HAIN ) continues strategic review with Goldman Sachs

Result Drivers

* SEQUENTIAL SALES IMPROVEMENT - Co reports sequential improvement in organic net sales trends in both North America and International segments

* COST DISCIPLINE - Reduction in SG&A expenses driven by cost discipline and streamlining actions

* PRICING INITIATIVES - Co notes benefits from pricing initiatives beginning to build

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Sales Beat $368 mln $364.01

mln (8

Analysts

)

Q1 Miss -$0.08 -$0.05

Adjusted (7

EPS Analysts

)

Q1 Miss -$7 mln -$4.50

Adjusted mln (6

Net Analysts

Income )

Q1 Net -$21 mln

Income

Q1 19.50%

Adjusted

Gross

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the food processing peer group is "buy."

* Wall Street's median 12-month price target for Hain Celestial Group Inc ( HAIN ) is $1.84, about 41.7% above its November 6 closing price of $1.07

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)