Hain Celestial (HAIN) Q4 Earnings & Sales Beat Estimates
Zacks Investment Research | Aug 29, 2017 10:07PM ET
The Hain Celestial Group, Inc. (NASDAQ:HAIN) reported better-than-expected financial numbers in fourth-quarter fiscal 2017 after missing the Zacks Consensus Estimate in the previous quarter.
The company reported adjusted earnings per share of 43 cents, flat year over year but ahead of the Zacks Consensus Estimate of 40 cents. However, the company’s earnings per share were breakeven on a GAAP basis, compared with loss per share of 86 cents reported in the year-ago quarter. The foreign currency headwinds negatively impacted the earnings by 3 cents per share.
Net sales declined 2% year over year to $725.1 million but came ahead of the Zacks Consensus Estimate of $714 million. However, the company’s sales increased 2% on a constant currency basis. Foreign currency headwinds impacted net sales by $28.2 million.
In the fiscal 2017, the company generated net sales of $2,853.1 million, down 1.1% year over year primarily due to dismal performance of the U.S. and U.K. segment. Moreover, adverse foreign currency fluctuations impacted net sales by $124.3 million. On a constant currency basis, sales grew 3% year over year.
Following the results, not much movement was witnessed in after-hour trading session yesterday. However, the company’s shares have gained 14.7% in the past three months, outperforming the Original post
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