Business
Hain Celestial Reports Fourth Quarter and Fiscal Year 2022 Financial Results
Fourth Quarter Total Net Sales Increased 1.4%; North America Net Sales Increased 17.2% Fourth Quarter GAAP EPS of $0.03; Adjusted EPS of $0.08 LAKE SUCCESS,
About this update from The Hain Celestial Group, Inc.
[{"type":"text","content":"Fourth Quarter Total Net Sales Increased 1.4%; North America Net Sales Increased 17.2% Fourth Quarter GAAP EPS of $0.03; Adjusted EPS of $0.08 LAKE SUCCESS, N.Y., Aug. 25, 2022 (GLOBE NEWSWIRE) -- The Hain Celestial Group, Inc. (Nasdaq: HAIN) (“Hain Celestial”, “Hain” or the “Company”), a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East providing consumers with A Healthier Way of Life®, today reported financial results for the fourth quarter and fiscal year ended June 30, 2022. Mark L. Schiller, Hain Celestial’s President and Chief Executive Officer, commented, “Fiscal year 2022 and Q4 presented unprecedented volatility and numerous challenges. While our results have been below our expectations and we still face challenges, especially in Europe, we exit the year with strong topline momentum in North America, improving supply chain performance, additional pricing and stabilizing total store revenues in the UK. Looking forward to fiscal year 2023, we remain confident in our strategy and are poised to restore net sales and EBITDA growth as the year progresses.” FINANCIAL HIGHLIGHTS Summary of Fourth Quarter Results Compared to the Prior Year Period Net sales increased 1.4% to $457.0 million compared to the prior year period.When adjusted for foreign exchange, acquisitions, divestitures and discontinued brands, net sales decreased 0.6% compared to the prior year period.Gross profit margin of 19.5%, a 550-basis point decrease from the prior year period.Adjusted gross profit margin of 19.4%, a 630-basis point decrease from the prior year period.Operating income of $11.9 million compared to $41.6 million in the prior year period.Adjusted operating income of $19.3 million compared to $53.0 million in the prior year period.Net income of $3.0 million compared to $40.5 million in the prior year period.Adjusted net income of $7.6 million compared to $39.7 million in prior year period.Adjusted EBITDA of $35.4 million compared to $68.1 million in the prior year period.Adjusted EBITDA margin of 7.7%, a 740-basis point decrease compared to the prior year period.Earnings per diluted share (“EPS”) of $0.03 compared to $0.40 in the prior year period.Adjusted EPS of $0.08 compared to $0.39 in the prior year period.Repurchased 0.5 million shares, or 0.6% of the outstanding common stock, ...