NASDAQ$HAIN

Hain Celestial · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Hain Celestial's second quarter results reflected adjusted net sales growth at the high end of original guidance and adjusted EBITDA consistent with mid-January pre-announcement.

Hain Celestial reported a decrease in net sales by 10% to $476.9 million, but adjusted net sales decreased by only 2%. The company utilized aggressive pricing and productivity to offset most of the cost headwinds. They reaffirmed full year adjusted net sales growth guidance and updated full year adjusted EBITDA guidance.

  • Net sales decreased 10% to $476.9 million compared to the prior year period.
  • Adjusted EBITDA of $59.3 million compared to $62.2 million in the prior year period.
  • Earnings per diluted share (“EPS”) of $0.33 compared to $0.02 in the prior year period.
  • Adjusted EPS of $0.36 compared to $0.34 in the prior year period.

Headline financials

Total Revenue

$477M

Previous: $528M-9.7%
EPS (adj)

$0.36

Previous: $0.34+5.9%
Adjusted EBITDA

$59.3M

Previous: $62.2M-4.7%
Adjusted EBITDA Margin

12.4%

Previous: 11.8%+5.1%
Capital Expenditures

-$28M

Previous: -$29.7M+5.6%
Free Cash Flow

$2.89M

Previous: -$27.5M+110.5%
Net Income

$30.9M

Previous: $2.14M+1343.4%
Operating Income

$32M

Previous: $13M+147.1%
Gross Profit

$117M

Previous: $130M-9.7%
Cash & Equivalents

$77.2M

Previous: $46.8M+64.9%
Total Assets

$2.49B

Previous: $2.27B+9.7%
Stock-Based Comp

$4.16M

Previous: $3.82M+8.7%

Revenue & EPS history

Hain Celestial · Revenue · Quarterly

$477M

Q2 2022-9.7%vs Q2 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Hain Celestial · $477M total across 2 segments · Q2 2022

  • North America
    $275M-2.7%
  • International
    $202M-17.9%

Forward guidance

The Company updates its guidance for full fiscal year 2022 compared to fiscal year 2021 and now expects low single digit adjusted net sales growth, modest adjusted gross margin reduction, and adjusted EBITDA approximately flat versus prior year.

Tailwinds

  • Expects low single digit adjusted net sales growth consistent with prior guidance.
  • Anticipates modest adjusted gross margin reduction.
  • Projects adjusted EBITDA approximately flat versus prior year.
  • Company expects to utilize aggressive pricing.
  • Company expects productivity to offset cost headwinds.

Headwinds

  • Expects continued elevated supply chain costs.
  • Expects continued supply chain disruptions.
  • Net sales decreased 10% compared to the prior year period.
  • Gross margin of 24.6% was flat compared to the prior year period.
  • Adjusted gross margin of 24.6%, a 74 basis point decrease from the prior year period.

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 Q2 2022

Historical avgQ2 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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