NASDAQ$HAIN

Hain Celestial · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Results near high end of expectations, and fiscal 2024 outlook provided.

Hain Celestial reported fourth quarter and fiscal year 2023 financial results. The company saw a decrease of 2.0% in net sales compared to the prior year period, totaling $447.8 million. Despite the sales decline, there was a 300-basis point increase in gross profit margin. The company is encouraged by these positive indicators as a precursor to our Hain Reimagined Strategy.

  • Net sales decreased 2.0% to $447.8 million compared to the prior year period.
  • Gross profit margin was 22.5%, a 300-basis point increase from the prior year period.
  • Net loss was $18.7 million compared to net income of $3.0 million in the prior year period.
  • Adjusted EPS was $0.11 compared to $0.08 in the prior year period.

Headline financials

Total Revenue

$448M

Previous: $457M-2.0%
EPS (adj)

$0.11

Previous: $0.08+37.5%
Free Cash Flow

$34.1M

No prior period
Net Income

-$18.7M

Previous: $3M-723.3%
Operating Income

$12.1M

Previous: $11.9M+1.6%
Gross Profit

$101M

Previous: $89M+13.2%
Cash & Equivalents

$53.4M

Previous: $65.5M-18.5%
Total Assets

$2.26B

Previous: $2.46B-8.1%
Stock-Based Comp

$3.77M

Previous: $3.32M+13.4%

Revenue & EPS history

Hain Celestial · Revenue · Quarterly

$448M

Q4 2023-2%vs Q4 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Hain Celestial · $448M total across 2 segments · Q4 2023

  • North America
    $282M-5.1%
  • International
    $166M+3.7%

Forward guidance

The Company is offering the following guidance for fiscal 2024: Adjusted net sales up 2% to 4% versus the prior year, and Adjusted EBITDA to be between $155 million and $165 million

Tailwinds

  • Adjusted net sales up 2% to 4% versus the prior year
  • Adjusted EBITDA to be between $155 million and $165 million

Headwinds

  • We expect these investments along with the refunding of our incentive plan to create an adjusted EBTIDA drag year-over-year of approximately $20 million as we invest for the future.

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 Q4 2023

Historical avgQ4 2023

-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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