Profit pressure continues at Hain Celestial

|About: The Hain Celestial Group,... (HAIN)|By:, SA News Editor

Hain Celestial (NASDAQ:HAIN) is down sharply in premarket trading after the company's full-year guidance disappoints.

As part of its update, Hain management points to commodity inflation and higher freight costs as pressuring profit.

The food manufacturer expects FY18 revenue of $2.43B to $2.45B vs. $2.99B consensus and FY18 EPS of $1.11 to $1.18 vs. $1.39 to $1.50 prior.

In FQ3, Hain generated adjusted EBITDA of $73.4M to miss the consensus estimate for $92.8M.

HAIN -12.71% premarket to $25.00 (new 52-week low).

Previously: Hain Celestial misses by $0.10, misses on revenue (May 8)

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