RSS   Newsletter   Contact   Advertise with us
Post Online Media
Hain Celestial Q2 net sales decreased 5% POST Online Media

Hain Celestial Q2 net sales decreased 5%

Staff Writer | Friday February 8, 2019 5:30AM ET
Hain Celestial
Hain Celestial   Gross margin was 19.6%

The Hain Celestial Group reported financial results for the second quarter ended December 31, 2018.


Net sales decreased 5% to $584.2 million compared to the prior year period, or a 4% decrease on a constant currency basis.

When adjusted for Foreign Exchange and Acquisitions, Divestitures and certain other items, including the Project Terra Stock Keeping Unit ("SKU") rationalization3, net sales would have decreased 1% compared to the prior year period.

Gross margin of 19.6%, a 210 basis point decrease over the prior year period; adjusted gross margin of 20.3%, a 240 basis point decrease over the prior year period as a result of planned higher trade and promotional investments and increased freight and commodity costs in the United States.

Operating loss of $15.4 million compared to operating income of $31.0 million in the prior year period; adjusted operating income of $29.9 million compared to $49.5 million in the prior year period.

Net loss of $29.3 million compared to net income of $43.1 million in the prior year period; adjusted net income of $15.0 million compared to $33.6 million in prior year period.

EBITDA of $19.2 million compared to $53.3 million in the prior year period; Adjusted EBITDA of $44.9 million compared to $67.7 million in the prior year period.

Loss per diluted share of $0.28 compared to earnings per diluted share ("EPS") of $0.41 in the prior year period; adjusted EPS of $0.14 compared to $0.32 in the prior year period.

 

What to read next
POST Online Media Contact