While reporting its fourth-quarter financial results today, Hain Celestial Group, Inc. (HAIN) provided its financial outlook for the first quarter and fiscal year 2019.
As a result of the continued strategic brand investments and expected near-term cost headwinds, Hain Celestial said it expects first quarter of fiscal 2019 net sales to be flat to slightly down, and adjusted EBITDA as well as adjusted earnings per share to be down year-over-year on a percentage basis similar to the fourth quarter of fiscal 2018.
For fiscal 2019, the company forecasts fiscal 2019 adjusted earnings per share of $1.21 to $1.38, an increase of about 4 percent to 19 percent as compared to fiscal 2018.
The company projects full-year total net sales of $2.500 billion to $2.560 billion, an increase of approximately 2 percent to 4 percent as compared to fiscal 2018.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.33 per share on revenues of $2.54 billion for the year. Analysts’ estimates typically exclude special items.
Hain Celestial said it expects growth in net sales, adjusted EBITDA, and adjusted earnings per share to be weighted towards the second half of fiscal 2019 as it benefits from the planned Hain Celestial United States strategic brand investments, distribution gains and price optimization efforts.
by RTTNews Staff Writer
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