Hain Celestial beats by $0.01, misses on revs; guides FY19 EPS in-line, revs in-line
--> HAIN flattish pre market
- Reports Q4 (Jun) earnings of $0.27 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $0.26; revenues rose 2.8% year/year to $619.6 mln vs the $629.25 mln S&P Capital IQ Consensus.
- "We continued to execute on our global strategic objectives, with marketing investments in our core brands and incremental savings and productivity through Project Terra, although a number of cost and operational headwinds in the United States impacted our consolidated annual results," said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial. "Our top priorities in fiscal year 2019 are to return our United States business to growth and to generate increased profitability. We remain optimistic that the aggressive strategic changes and investments in our go-to-market strategy will fuel our future results and value for our stockholders."
- Co issues in-line guidance for FY19, sees EPS of $1.21-1.38, excluding non-recurring items, vs. $1.33 S&P Capital IQ Consensus; sees FY19 revs of $2.5-2.56 bln vs. $2.54 bln S&P Capital IQ Consensus.
- The Company expects growth in net sales, adjusted EBITDA, and adjusted EPS to be weighted towards the second half of fiscal 2019 as it benefits from the planned Hain Celestial United States strategic brand investments, distribution gains and price optimization efforts. As a result of the continued strategic brand investments and expected near-term cost headwinds, the Company expects first quarter of fiscal 2019 net sales to be flat to slightly down, adjusted EBITDA and adjusted EPS to be down year-over-year on a percentage basis similar to the fourth quarter of fiscal 2018