Hain Celestial reports Q2 EPS 8c, consensus 12c

Reports Q2 revenue $411.485M, consensus $431.01M. “Despite challenges in the quarter, we generated strong operating cash flow and further reduced debt. We drove sequential improvement in baby & kids and in our largest category, meal prep. However, sales growth in the quarter was hindered by poor in-store performance in snacks, driven by marketing and promotion effectiveness, and supply chain challenges, both of which we have already taken steps to address. We are confident that the actions taken, combined with promotional timing shifts, confirmed distribution gains, and full infant formula supply, will drive organic net sales growth in the second half of the year,” said Wendy Davidson, Hain Celestial (HAIN) President and CEO.