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Wednesday, Aug 21
More on Hain Celestial earnings
- Hain Celestial (HAIN) FQ4 beats estimates across the board. Net profit jumped 11% Y/Y as the maker of organic-products posted sharply higher sales on growth in the U.K.
- Gross margin narrowed to 26.5% from 26.6%.
- The company also raises guidance. It now sees an FY profit of $2.95 to $3.05 a share on $2.03B to $2.05B in sales. Analysts are projecting $2.92 a share on roughly $2B, respectively.
- Separately, the company appoints former Elizabeth Arden Chief Financial Officer Stephen J. Smith to take over the same role at HAIN. Mr. Smith will begin early next month, and succeeds Ira J. Lamel, who announced his retirement nearly a year ago.
- Shares +7.4% AH.