A U.S. judge said Hain Celestial Group must face a proposed class action claiming its labels failed to disclose the alleged presence of arsenic in some of its baby food.
Hain Celestial's stock is rated a buy due to expected growth from restored infant formula supply, completed divestitures, and increased distribution in high-margin channels. Sales have been impacted by supply chain issues, divestitures, and promotional timing shifts, but these headwinds are expected to abate, improving growth prospects. Margin growth is anticipated from operating leverage, improved margin mix, and productivity initiatives, including cost savings from restructuring and operational efficiency measures.
The headline numbers for Hain Celestial (HAIN) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Call Start: 08:00 January 1, 0000 8:50 AM ET The Hain Celestial Group, Inc. (NASDAQ:HAIN ) Q1 2024 Earnings Conference Call November 07, 2024 08:30 AM ET Company Participants Alexis Tessier - VP, IR Wendy Davidson - President & CEO Lee Boyce - EVP & CFO Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to the Hain Celestial Fiscal First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.
HAIN's Q1 sales fall 7.2% year over year. It aims for growth in fiscal 2025 through operational efficiencies and improved margins.
Hain Celestial (HAIN) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.04 per share a year ago.
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Investors need to pay close attention to Hain Celestial (HAIN) stock based on the movements in the options market lately.
Hain Celestial (HAIN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Hain missed estimates on the top line but beat on the bottom line. The company expects a return to organic-sales growth in the new fiscal year.