Hain Celestial Group Q2 Adj EPS $0.12, Inline, Sales $454.10M Miss $462.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hain Celestial Group (NASDAQ:HAIN) reported Q2 adjusted EPS of $0.12, meeting analyst estimates but marking a 40% decrease from the previous year. Sales of $454.10M fell short of the $462.05M estimate, a slight 0.02% decrease from last year.
February 07, 2024 | 12:03 pm
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Hain Celestial Group reported a Q2 adjusted EPS of $0.12, in line with estimates but down 40% YOY. Sales missed estimates slightly, showing a minor decrease from last year.
The reported earnings and sales miss, especially the significant decrease in EPS year-over-year, are likely to negatively impact investor sentiment in the short term. Although the sales miss was slight, the combination of these factors suggests a potential downward pressure on HAIN's stock price.
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