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Hain Celestial Q4 net sales increased

Christian Fernsby ▼ | August 25, 2020
Hain Celestial reported financial results for the fourth quarter ended June 30, 2020.
Hain Celestial
Hain Celestial   Net sales increased 1% to $511.7 million
Highlights

Topics: Hain Celestial

Net sales increased 1% to $511.7 million, or 3% on a constant currency basis, compared to the prior year period.

When adjusted for Foreign Exchange, Divestitures, discontinued brands and Stock Keeping Unit ("SKU") rationalization3, net sales increased 7% compared to the prior year period.

Gross margin of 25.4%, a 658 basis point increase from the prior year period.

Adjusted gross margin of 25.3%, a 257 basis point increase from the prior year period.

Operating income of $25.3 million compared to an operating loss of $2.6 million in the prior year period.

Adjusted operating income of $47.9 million compared to $34.4 million in the prior year period.

Net income of $3.7 million compared to a net loss of $7.3 million in the prior year period.

Adjusted net income of $32.3 million compared to $19.9 million in prior year period.


 

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