Free Post Earnings Research Report: Hain Celestial Group’s Revenue Grew 3.9%; EPS Soared 137.5%
Stock Monitor: United Natural Foods Post Earnings Reporting
LONDON, UK / ACCESSWIRE / December 21, 2017 / Active-Investors.com has just released a free earnings report on The Hain Celestial Group, Inc. (NASDAQ: HAIN). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=HAIN . The Company posted its financial results on November 07, 2017, for the first quarter fiscal 2018. The organic and natural products Company’s revenue surpassed analysts’ expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is currently working on the research report for United Natural Foods, Inc. (NASDAQ: UNFI), which also belongs to the Services sector as the Company Hain Celestial. Do not miss out and become a member today for free to access this upcoming report at:
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www.active-investors.com/registration-sg/?symbol=HAIN
Earnings Highlights and Summary
For three months ended September 30, 2017, Hain Celestial’s net revenues increased 3.9%, or 3.3% on a constant currency basis, to $708.28 million from $681.46 million in Q1 FY17. The Company’s net revenue surpassed analysts’ expectations of $697.7 million.
For the reported quarter, Hain Celestial’s gross profit increased 19.8% to $131.60 million from $109.87 million in Q1 FY17. For the reported quarter, the Company’s gross margin increased 250 basis points to 18.6% of revenue from 16.1% of revenue in Q1 FY17.
During Q1 FY18, Hain Celestial’s adjusted EBITDA increased 30.4% to $59.51 million from $45.62 million in the same period last year. For the reported quarter, the Company’s adjusted EBITDA margin increased 170 basis points to 8.4% of revenue from 6.7% of revenue in Q1 FY17.
During Q1 FY18, Hain Celestial’s operating income increased 128.9% to $31.48 million from $13.75 million in the same period last year. For the reported quarter, the Company’s operating margin increased 240 basis points to 4.4% of revenue from 2.0% of revenue in Q1 FY17. During Q1 FY18, Hain Celestial’s adjusted operating income increased 46% to $39.70 million from $27.20 million in Q1 FY17. For the reported quarter, the Company’s adjusted operating margin increased 160 basis points to 5.6% of revenue from 4.0% of revenue in Q1 FY17.
During Q1 FY18, the Company’s earnings before tax (EBT) increased 208.4% to $28.31 million from $9.18 million in the same period last year. For the reported quarter, the Company’s EBT margin increased 270 basis points to 4.0% of revenue from 1.3% of revenue in Q1 FY17.
For the reported quarter, Hain Celestial’s net income increased 130.8% to $19.85 million on a y-o-y basis from $8.60 million in Q1 FY17. During Q1 FY18, the Company’s diluted EPS increased 137.5% to $0.19 on a y-o-y basis from $0.08 in the same period last year. For the reported quarter, Hain Celestial’s adjusted net income increased 58.8% to $23.67 million on a y-o-y basis from $14.91 million in Q1 FY17. During Q1 FY18, the Company’s adjusted diluted EPS increased 64.3% to $0.23 on a y-o-y basis from $0.14 in the same period last year. Adjusted diluted EPS was in-line with analysts’ expectations of $0.23.
Segment Details
United States – During Q1 FY18, the United States segment’s net revenue increased 3.7% to $263.66 million from $254.23 million in the same period last year. For the reported quarter, the segment’s operating income increased 11% to $20.86 million from $18.79 million in Q1 FY17.
United Kingdom – During Q1 FY18, the United Kingdom segment’s net revenue increased 1.0%, or 1.1% on a constant currency basis, to $222.45 million from $220.15 million in the same period last year. For the reported quarter, the segment’s operating income increased 22.8% to $9.60 million from $7.82 million in Q1 FY17.
Hain Pure Protection – During Q1 FY18, the Hain Pure Protection segment’s net revenue increased 2% to $119.06 million from $116.67 million in the same period last year. For the reported quarter, the segment’s operating income was positive $2.24 million compared to negative $1.02 million in Q1 FY17.
Rest of World – During Q1 FY18, the Company’s Rest of World segment’s net revenue increased 14.1%, or 9.4% on a constant currency basis, to $103.12 million from $90.41 million in the same period last year. For the reported quarter, the segment’s operating income increased 77.9% to $9.00 million from $5.06 million in Q1 FY17.
Balance Sheet
As on September 30, 2017, Hain Celestial’s cash and cash equivalents decreased 13.7% to $126.79 million from $146.99 million on June 30, 2017. For the reported quarter, the Company’s long-term debt, less current portion increased 0.8% to $746.39 million from $740.30 million in Q4 FY17.
For the reported quarter, the Company’s net accounts receivables increased 9.6% to $272.34 million from $248.44 million in Q4 FY17. For the reported quarter, the Company’s accounts payable increased 11.3% to $247.32 million from $222.14 million in Q4 FY17.
During Q1 FY18, the Company’s net cash provided by operating activities was negative $19.44 million compared to positive $12.82 million in the same period last year. During Q1 FY18, the Company’s free cash flow was negative $34.35 million compared to negative $1.73 million in the same period last year.
Outlook
For FY18, the Company expects net revenue to be in the range of $2.97 billion to $3.04 billion and adjusted diluted EPS to be in the range of $1.63 to $1.80.
Stock Performance Snapshot
December 20, 2017 – At Wednesday’s closing bell, The Hain Celestial Group’s stock climbed 3.16%, ending the trading session at $41.42.
Volume traded for the day: 1.22 million shares.
Stock performance in the last month – up 1.30%; previous three-month period – up 3.81%; past twelve-month period – up 4.46%; and year-to-date – up 6.12%
After yesterday’s close, The Hain Celestial Group’s market cap was at $4.41 billion.
Price to Earnings (P/E) ratio was at 54.93.
The stock is part of the Services sector, categorized under the Food Wholesale industry. This sector was up 0.1% at the end of the session.
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