Categories Earnings, Other Industries

The Hain Celestial Group (HAIN): Q1 2020 Earnings Snapshot

— The Hain Celestial Group, Inc. (NASDAQ: HAIN) reported adjusted earnings of $0.08 per share for the first quarter of 2020, compared to $0.09 per share last year, vs. $0.07 per share expected.

— On a reported basis, it was a loss from continuing operations of $5 million or $0.05 per share, compared to a loss of $23.1 million or $0.22 per share last year

— Net loss was $107.02 million or $1.03 per share, compared to a loss of $37.4 million or $0.36 per share last year

— Net sales dropped 7% year-over-year to $482.1 million, vs. $492.9 million expected

— At 20.3%, gross margin was higher by 320 basis point from the prior year period

— Expects adjusted EBITDA in the range of $168 million to $192 million for fiscal 2020, representing a 2-16% annual growth

— Expects adjusted earnings in the range of $0.59 per share to $0.72 per share for 2020

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