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)
Now read: Bert's Recent Buy: PepsiCo »
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