HAIN CELESTIAL Reports 3.3% Decrease in Revenue for Q1 of FY2024
November 21, 2023
🌥️Earnings Overview
For the first quarter of FY2024 ending September 30 2023, HAIN CELESTIAL ($NASDAQ:HAIN) reported total revenue of USD 425.0 million, a decrease of 3.3% from the same period last year. Net income for this period was USD -10.4 million, compared to the USD 6.9 million seen in the previous year.
Analysis
GoodWhale’s analysis of HAIN CELESTIAL‘s financials reveals a strong company with a high health score of 7/10. This score considers the company’s cashflows and debt, showing it is capable to pay off debt and fund future operations. As such, investors who seek a stable return on their investments may be interested in HAIN CELESTIAL. The company is particularly strong in medium profitability, although it is weak in asset, dividend, and growth. Investors should be aware of this when considering investing in HAIN CELESTIAL. With that said, the company’s strong health score indicates that it is still a secure choice for potential investors. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hain Celestial. More…
| Total Revenues | Net Income | Net Margin |
| 1.78k | -133.84 | 1.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hain Celestial. More…
| Operations | Investing | Financing |
| 85.97 | -18.36 | -90.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hain Celestial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.22k | 1.24k | 10.94 |
Key Ratios Snapshot
Some of the financial key ratios for Hain Celestial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.9% | -17.7% | -5.8% |
| FCF Margin | ROE | ROA |
| 3.3% | -6.5% | -2.9% |
Peers
The four companies mentioned are all in competition with one another. MamaMancini’s Holdings Inc is a close second, followed by Shinozakiya Inc and Twinlab Consolidated Holdings Inc. All four companies are constantly innovating and expanding their product lines in order to gain an edge over the competition.
– MamaMancini’s Holdings Inc ($NASDAQ:MMMB)
MamaMancini’s Holdings Inc is a marketer and producer of slow-cooked, frozen and refrigerated Italian style foods sold under the MamaMancini’s brand. The company offers a range of products, including meatballs, chicken parmesan, lasagna, stuffed peppers, and ravioli. As of 2022, the company had a market cap of 39.95M and a return on equity of -14.63%.
MamaMancini’s Holdings Inc has been facing some challenges in recent years, including a decline in sales and an increase in debt. However, the company remains committed to its mission of providing quality Italian-style food products to its customers.
– Shinozakiya Inc ($TSE:2926)
Shinozakiya Inc is a Japanese company that manufactures and sells a variety of products, including cosmetics, food, and beverages. The company has a market capitalization of 1.32 billion as of 2022 and a return on equity of -2.09%. The company’s products are sold in a variety of countries, including Japan, China, and the United States.
– Twinlab Consolidated Holdings Inc ($OTCPK:TLCC)
Twinlab Consolidated Holdings Inc is a holding company that engages in the manufacture, marketing, and distribution of nutritional supplements. Its products include vitamins, minerals, and herbs. The company was founded in 1968 and is headquartered in Hauppauge, New York.
Summary
HAIN CELESTIAL reported total revenues of $425 million for the first quarter of FY2024, a decrease of 3.3% year-over-year. The company posted a net loss of $10.4 million, compared to net income of $6.9 million the year prior. Investors should consider the company’s performance in the quarter and analyze what factors may have caused the decrease in revenue and profitability. Factors such as pricing, cost structure, and changes in the competitive landscape should be taken into account when assessing HAIN CELESTIAL’s future investment potential.
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