HAIN CELESTIAL Reports FY2023 Q4 Earnings as of June 30, 2023
August 31, 2023
🌥️Earnings Overview
On August 24, 2023, HAIN CELESTIAL ($NASDAQ:HAIN) reported their earnings results for Q4 of FY2023, which was the period ending June 30, 2023. Total revenue for the quarter amounted to USD 447.8 million, a 2.0% decrease from the same quarter of the prior year. Notably, net income for the period was reported at USD -18.7 million, a sharp decrease from the 3.0 million recorded in the same quarter of the previous year.
Price History
On Thursday, June 30, 2023, HAIN CELESTIAL reported its financial data for Q4 of FY2023. The stock opened at $11.1 and closed at $12.0, a 1.2% decrease from its previous closing price of 12.2. This data was seen as a mixed bag by investors, as it came with good news but also some obstacles to overcome. The increase in revenue was attributed to higher sales, particularly in the US and UK markets. This could be attributed to costs associated with new product launches and market expansion.
Despite the slight dip in profits, HAIN CELESTIAL maintained its overall strong financial performance. Analysts are optimistic about how the company will perform in the coming quarters and are optimistic about their stock performance. With strong products and continued innovations, HAIN CELESTIAL is sure to have a successful FY2023. Live Quote…
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 |
| 1.8k | -116.54 | 2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hain Celestial. More…
| Operations | Investing | Financing |
| 66.82 | -19.64 | -63.06 |
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 |
| 2.26k | 1.24k | 11.38 |
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 |
| -4.4% | -9.2% | -4.7% |
| FCF Margin | ROE | ROA |
| 2.2% | -5.2% | -2.3% |
Analysis
We at GoodWhale have conducted an analysis of the fundamentals of HAIN CELESTIAL. According to our Star Chart, HAIN CELESTIAL has a high health score of 7/10 with regard to its cashflows and debt. This means that they are generally well-positioned to sustain future operations in times of crisis. HAIN CELESTIAL is strong in profitability, medium in asset availability and weak in dividend and growth metrics. We have classified HAIN CELESTIAL as an ‘elephant’, which means that it is rich in assets after deducting off liabilities. We believe that this type of company would interest a variety of investors, including those who are looking for high security investments, as well as those who are looking for long-term growth opportunities. More…
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
Investors analyzing HAIN CELESTIAL‘s performance in the fourth quarter of FY2023 may be disappointed with the company’s results. Total revenue of USD 447.8 million was reported, a decrease of 2.0% compared to the same period of the previous year, and net income decreased significantly from 3.0 million in the same quarter of the previous year to USD -18.7 million. These figures suggest that HAIN CELESTIAL is under pressure to turn its financials around. As such, investors should exercise caution when considering an investment in the company.
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