Global health and wellness firm's fiscal Q4 sales fell 28% yr/yr, missing analyst expectations
Adjusted loss per share and adjusted net loss for Q4 missed analyst expectations
Company announced definitive agreement to sell International business, aiming for North America focus
Key details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Miss
$263 mln
$268.94 mln (4 Analysts)
Q4 Adjusted Loss Per Share
Miss
$0.05
$0.03 (4 Analysts)
Q4 Adjusted Net Loss
Miss
$4 mln
$2.92 mln (3 Analysts)
Q4 Net Loss
$62 mln
Q4 Adjusted Gross Margin
22.70%
Result drivers
DIVESTITURE IMPACT - Q4 sales decline primarily due to divestiture of North American snacks business
VOLUME/MIX DECLINE - Organic net sales fell 2% in Q4, driven by a 2-point decrease in volume/mix and flat pricing
PRODUCTIVITY SAVINGS - Gross margin improvement in North America attributed to increased volume/mix and productivity savings, partially offset by cost inflation
Company expects to become a more focused North American business after International sale closes
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy"
Wall Street's median 12-month price target for Hain Celestial Group Inc is $0.91, about 46.1% above its September 11 closing price of $0.62
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 18 three months ago
HAIN•
