Hain Celestial Trims FY24 Sales Growth Outlook; Q2 Adj. EPS Meets Estimates

RTTNews | hace 401
Stocktwits
Hain Celestial Trims FY24 Sales Growth Outlook; Q2 Adj. EPS Meets Estimates

(RTTNews) - While reporting financial results for the second quarter on Tuesday, organic and natural products company Hain Celestial Group, Inc. (HAIN) trims its organic net sales growth guidance for the full year 2024.

For fiscal 2024, the company now projects organic net sales growth of approximately 1 percent or more, compared to previous guidance of 2 to 4 percent growth.

On average, 12 analysts polled by Thomson Reuters expect the company to report a sales decline of 2.1 percent to $1.84 billion for the year.

For the second quarter, the company posted a net loss of $13.54 million or $0.15 per share, compared to net income of $10.97 million or $0.12 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter was $0.12 per share, compared to $0.20 per share in the year-ago quarter.

Net sales for the quarter edged down to $454.10 million from $454.21 million in the same quarter last year. Organic net sales edged up 0.2 percent, when adjusted for foreign exchange, acquisitions, divestitures and discontinued brands.

The Street was looking for earnings of $0.12 per share on revenues of $462.05 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: HAIN
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Hain Celestial Appoints Lee Boyce To Succeed Chris Bellairs As CFO

Hain Celestial Appoints Lee Boyce To Succeed Chris Bellairs As CFO

Hain Celestial Group (HAIN) announced Thursday that it has appointed Lee Boyce as the new Chief Financial Officer, effective September 5, 2023. Boyce will succeed Hain's current Chief Financial Officer, Chris Bellairs, who will remain with the company through a transition and will participate in Hain's upcoming Investor Day event in New York City on September 13.
RTTNews | hace 568
Hain Celestial Q4 Net Profit Plunges

Hain Celestial Q4 Net Profit Plunges

Organic and natural products company Hain Celestial Group, Inc. (HAIN) on Thursday reported that net income for the fourth quarter plunged to $3.04 million or $0.03 per share from $40.49 million or $0.40 per share in the prior-year quarter.
RTTNews | hace 932
TSX Ends Sharply Higher

TSX Ends Sharply Higher

The Canadian market ended on a strong note on Friday thanks to sustained buying in stocks from across several sectors. A batch of encouraging economic data, and optimism on the political front following the swearing-in of former BoC Governor Mark Carneyas the new Canadian Prime Minister, triggered some strong buying in the market.
RTTNews | hace 5h 21min
Canadian Market Set To End On Buoyant Note

Canadian Market Set To End On Buoyant Note

The Canadian market is up firmly Friday afternoon and looks well on course to end the day's session on a buoyant note, with stocks from across several sectors holding firm thanks to sustained buying interest.
RTTNews | hace 8h 2min
Swiss Market Ends Moderately Higher

Swiss Market Ends Moderately Higher

After struggling for direction till more than a couple of hours past noon, Swiss stocks found some support on Friday to end the day's session on a firm note.
RTTNews | hace 8h 54min
European Stocks Close On Firm Note

European Stocks Close On Firm Note

European stocks closed higher on Friday on optimism about reforms in Germany's debt brake rule after reports said Friedrich Merz, who is likely to be sworn in as the country's next chancellor, had got the support from the Greens party to increase public borrowing that will help rise defense spending.
RTTNews | hace 9h 21min
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