Hain Celestial shares jump 7% on strong Q4 results

HOBOKEN, N.J. - Hain Celestial Group (NASDAQ:HAIN ) shares surged 7.7% in premarket trading on Tuesday after the health food company reported better-than-expected fourth quarter earnings and provided an improved outlook for fiscal 2025.

The company reported adjusted earnings per share of $0.13 for the quarter ended June 30, beating analyst estimates of $0.08. Revenue came in at $419 million, roughly in line with expectations of $419.23 million.

While revenue declined 6.5% year-over-year, Hain Celestial's cost-cutting efforts helped boost profitability. Adjusted gross margin expanded 70 basis points to 23.4% compared to the prior year quarter.

"Fiscal 2024 was the foundational year of our Hain Reimagined strategy, during which we made substantial progress in simplifying our business and generating fuel," said CEO Wendy Davidson.

Looking ahead, the company expects organic net sales growth to be flat or better in fiscal 2025. Hain Celestial also anticipates adjusted EBITDA to grow by mid-single digits and gross margin to increase by at least 125 basis points.

Hain Celestial's shares have struggled over the past year, declining over 30% amid broader challenges in the packaged food industry.

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Source: Investing.com