(Corrects company descriptor and adds "turnaround strategy" in
headline)
Overview
* Hain Celestial ( HAIN ) fiscal Q4 net sales down 13% yr/yr, missing
analyst expectations
* Adjusted net income for fiscal Q4 missed analyst
estimates,
reflecting operational difficulties
* Co implements turnaround strategy focusing on portfolio
streamlining and digital capabilities
Outlook
* Company aims to optimize cash and reduce debt
* Company plans to implement pricing and revenue growth
management
Result Drivers
* VOLUME/MIX DECLINE - Organic net sales fell 11% due to an
11-point decrease in volume/mix, with pricing flat
* TURNAROUND STRATEGY - Co is implementing a strategy
focused on
portfolio streamlining, innovation, and digital capabilities to
stabilize sales and improve profitability
* NORTH AMERICA CHALLENGES - Significant sales decline in
North
America driven by lower snack and meal prep sales
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q4 Sales Miss $363 mln $371.50
mln (8
Analysts
)
Q4 Miss -$2 mln $2.12
Adjusted mln (7
Net Analysts
Income )
Q4 Net -$273
Income mln
Analyst Coverage
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy", 6
"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 $2.50, about 14% above its September 12 closing
price of $2.15
* The stock recently traded at 10 times the next 12-month
earnings
vs. a P/E of 9 three months ago
Press Release:
(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.)