earnings
confidence high
sentiment negative
materiality 0.70
Hain Celestial reports Q2 net loss of $13.5M, adjusted EPS $0.12, sales flat YoY
HAIN CELESTIAL GROUP INC
2024-Q2 EPS reported
-$0.27
revenue$879,129,000
- Net sales flat at $454.1M; organic net sales +0.2% (benefited by 2.2 ppt FX).
- Net loss $13.5M vs net income $11.0M prior year; adjusted net income $10.9M vs $18.3M.
- Adjusted EBITDA $47.1M (10.4% margin) down from $49.8M (11.0%) prior year.
- Adjusted EPS $0.12 vs $0.20; GAAP loss per share $0.15 vs EPS $0.12.
- Management cites sequential improvement; new product Garden Veggie Flavor Burst launch.