NASDAQ$HAIN

Hain Celestial · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Hain Celestial's first quarter of fiscal year 2022 financial results exceeded expectations.

Hain Celestial reported better than expected top line and bottom line performance in the first quarter, despite facing industry-wide inflation and labor challenges. Net sales decreased by 9% to $454.9 million, but were flat when adjusted for foreign exchange, divestitures, and discontinued brands. GAAP EPS was $0.20, and adjusted EPS was $0.25. The company reaffirmed its full fiscal year 2022 guidance.

  • Net sales decreased 9% to $454.9 million, or 11% on a constant currency basis.
  • Adjusted for foreign exchange, divestitures and discontinued brands, net sales were flat compared to the prior year period.
  • GAAP EPS of $0.20 compared to a loss of $0.11 in the prior year period.
  • Adjusted EPS of $0.25 compared to $0.27 in the prior year period.

Headline financials

Total Revenue

$455M

Previous: $499M-8.8%
EPS (adj)

$0.25

Previous: $0.27-7.4%
Adjusted EBITDA

$47.3M

No prior period
Adjusted EBITDA Margin

10.4%

Previous: 11.0%-5.5%
Capital Expenditures

-$17.8M

Previous: -$12.2M-46.5%
Free Cash Flow

$1.6M

Previous: -$11.7M+113.7%
Net Income

$19.4M

Previous: $485K+3902.3%
Operating Income

$25.5M

Previous: $3.28M+678.9%
Gross Profit

$105M

Previous: $119M-11.5%
Cash & Equivalents

$29M

Previous: $27.5M+5.2%
Total Assets

$2.14B

Previous: $2.2B-2.6%
Stock-Based Comp

$4.29M

No prior period

Revenue & EPS history

Hain Celestial · Revenue · Quarterly

$455M

Q1 2022-8.8%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Hain Celestial · $455M total across 2 segments · Q1 2022

  • North America
    $266M-5.4%
  • International
    $189M-13.1%

Forward guidance

For full fiscal year 2022, the Company continues to expect low single digit adjusted net sales growth, modest adjusted gross margin expansion, and mid to high single digit adjusted EBITDA growth.

Tailwinds

  • Low single digit adjusted net sales growth
  • Modest adjusted gross margin expansion
  • Mid to high single digit adjusted EBITDA growth
  • Net sales to be up by mid to high single digit in the second half of fiscal year 2022
  • Adjusted EBITDA to be up low double digits in the second half of fiscal year 2022

Headwinds

  • Net sales to be down low single digit on an adjusted basis in the first half of fiscal year 2022
  • Adjusted EBITDA to be down mid-single digit in the first half of fiscal year 2022
  • Elevated demand during the first half of fiscal year 2021 from the COVID-19 pandemic
  • Highly inflationary current environment
  • Timing of the price increase

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-1.5%

Avg return

Earnings day

-1.9%

Avg return

5 days after

-2.3%

Avg return

30 days after

46%

31 / 67 earnings

Positive

+20.9%

Q4 2024

Best reaction

-48.4%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+12.9%+17.4%-3.7%
Q2 2026-19.5%-22.0%-48.0%
Q1 2026+14.4%+32.7%-3.7%
Q3 2025-48.4%-36.1%-36.1%
Q2 2025-10.7%-13.6%-11.3%
Q1 2025-16.7%-24.9%-7.1%
Q4 2024+20.9%+17.1%+20.9%
Q3 2024+5.6%+14.1%+13.4%
Q2 2024-11.9%-12.7%-17.4%
Q1 2024-6.0%-3.6%-6.7%
Q4 2023-2.5%-9.1%-16.4%
Q3 2023-14.4%-19.8%-31.0%
Q2 2023-10.0%-12.8%-19.6%
Q1 2023+1.4%+10.6%-8.1%
Q4 2022-13.9%-17.0%-31.1%
Q3 2022-24.9%-20.7%-22.6%
Q2 2022+1.4%+2.1%-5.9%
Q1 2022+5.0%-9.0%-14.9%
Q4 2021-9.7%-6.5%+0.1%
Q3 2021+0.0%-0.9%+0.2%
Q2 2021+4.5%+6.2%+7.3%
Q1 2021+2.1%+11.9%+13.8%
Q4 2020-4.4%-7.5%-4.3%
Q3 2020+10.9%+16.7%+11.3%
Q2 2020+9.3%+7.6%-6.2%
Q1 2020+7.0%+5.7%+3.9%
Q4 2019+3.8%+4.4%+17.3%
Q3 2019-3.7%+0.6%-11.5%
Q2 2019-10.6%+1.5%+20.9%
Q1 2019-14.9%-15.5%-26.1%
Q4 2018-3.6%-0.2%-7.5%
Q3 2018-2.2%-2.5%-3.4%
Q2 2018-5.5%-8.7%-2.3%
Q1 2018+1.6%+3.8%+19.0%
Q4 2017-2.4%-2.6%+0.2%
Q3 2017-4.7%+4.8%+32.0%
Q1 2017-4.7%+4.8%+32.0%
Q2 2017-4.7%+4.8%+32.0%
Q4 2016-4.7%+4.8%+32.0%
Q3 2016+9.0%
Q2 2016-4.2%
Q1 2016-4.8%
Q4 2015-6.2%
Q3 2015-0.5%
Q2 2015+6.2%
Q1 2015+1.0%
Q4 2014+10.2%
Q3 2014+8.0%
Q2 2014-4.5%
Q1 2014+3.8%
Q4 2013+9.5%
Q3 2013-1.8%
Q2 2013+1.0%
Q1 2013-1.0%
Q4 2012+19.4%
Q3 2012-0.6%
Q2 2012+1.5%
Q1 2012-1.3%
Q4 2009+1.0%
Q4 2011+1.0%
Q3 2011+1.5%
Q3 2010+1.5%
Q2 2011+1.6%
Q2 2010+1.6%
Q4 2010-0.8%
Q1 2010-0.8%
Q1 2011-0.8%

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