The Hain Celestial Group, Inc. (NASDAQ: HAIN) posted fourth-quarter fiscal 2024 results, with the top line declining year over year but surpassing the Zacks Consensus Estimate. The bottom line rose year over year and beat the consensus mark.
The fiscal 2024 marked a pivotal year for the company's Hain Reimagined strategy, during which it made significant strides in simplifying its operations and driving growth. The transition to a global operating model helped reduce geographic complexity, enhance scale and foster a performance-driven, values-based culture. Looking ahead to the fiscal 2025, HAIN plans to focus on commercial execution to boost both top- and bottom-line growth. Management remains confident in the Hain Reimagined strategy, emphasizing the strength of the company's diversified portfolio and global footprint.
More on Hain Celestial's Q4 Financial Results
HAIN posted adjusted earnings of 13 cents per share, outpacing the Zacks Consensus Estimate of 8 cents. The bottom line increased from adjusted earnings of 11 cents reported in the year-ago quarter.
Net sales of $419 million beat the consensus estimate of $418.2 million. The top line declined 6% year over year. Organic sales fell 4% from the year-ago quarter's reported figure.
The Hain Celestial Group, Inc. Price, Consensus and EPS Surprise
The Hain Celestial Group, Inc. price-consensus-eps-surprise-chart | The Hain Celestial Group, Inc. Quote
The adjusted gross profit of almost $98 million fell 3.7% from the year-ago quarter's figure. In comparison, the adjusted gross margin expanded 70 basis points (bps) from the ...
