Research Desk Line-up: United Natural Foods Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 19, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on The Hain Celestial Group, Inc. (NASDAQ: HAIN) ("Hain Celestial"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=HAIN, following the Company's release of its financial results on August 30, 2017, for the fourth quarter of the fiscal year 2017. The Company's Hain Pure Protein segment's net revenue increased 8.1% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Food Wholesale industry. Pro-TD has currently selected United Natural Foods, Inc. (NASDAQ: UNFI) for due-diligence and potential coverage as the Company reported on September 13, 2017, its financial results for Q4 FY17 and full year FY17 which ended on July 29, 2017. Register for a free membership today, and be among the early birds that get access to our report on United Natural Foods when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on HAIN; also brushing on UNFI. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=HAIN

http://protraderdaily.com/optin/?symbol=UNFI

Earnings Reviewed

For the three months ended June 30, 2017, Hain Celestial's net revenue decreased 2%, or increased 2% on a constant currency basis, to $725.09 million from $737.55 million in Q4 FY16. The net revenue surpassed analysts' expectations of $714 million.

For the reported quarter, the Company's gross profit decreased 0.2% to $149.72 million from $150.08 million in Q4 FY16. During Q4 FY17, Hain Celestial's gross margin increased 30 basis points to 20.6% of revenue from 20.3% of revenue in Q4 FY16.

During Q4 FY17, Hain Celestial's earnings before interest, tax, depreciation, and amortization (EBITDA) decreased 1.5% to $81.72 million from $82.99 million in Q4 FY16. For the reported quarter, the Company's adjusted EBITDA decreased 6.2% to $85.58 million from $91.28 million in Q4 FY16.

For the reported quarter, Hain Celestial's selling, general, and administrative expenses (SG&A) decreased 1.6% to $79.03 million from $80.34 million in Q4 FY16. During Q4 FY17, the Company's amortization expenses increased 258.3% to $7.74 million from $2.16 million in Q4 FY16.

During Q4 FY17, the Company's operating income was positive $8.59 million compared to negative $65.14 million in Q4 FY16. For the reported quarter, Hain Celestial's adjusted operating income decreased 6.2% to $67.19 million from $71.64 million in Q4 FY16.

During Q4 FY17, Hain Celestial's net income was $313.0 million compared to a net loss of $88.60 million in Q4 FY16. During Q4 FY17, the Company's diluted earnings per share (EPS) was $0.00 compared to negative $0.86 in Q4 FY16. For the reported quarter, Hain Celestial's adjusted net income decreased 2.2% to $44.35 million from $45.34 million in Q4 FY16. During Q4 FY17, the company's adjusted diluted EPS was $0.43, at par with adjusted diluted EPS in Q4 FY16. The adjusted diluted EPS surpassed analysts' expectations of $0.40.

On September 15, 2017, the Company appointed Steven T. Liedtke as Chief Information Officer, effective September 11, 2017.

Segment Details

United States - During Q4 FY17, the Company's United States segment's net revenue increased 0.8% to $308.99 million from $306.42 million in Q4 FY16. For the reported quarter, the segment's operating income decreased 15.7% to $46.05 million from $54.65 million in Q4 FY16. During Q4 FY17, the segment's adjusted operating margin decreased 390 basis points to 14.9% of revenue from 18.8% of revenue in Q4 FY16.

United Kingdom - During Q4 FY17, the Company's United Kingdom segment's net revenue decreased 10.1% to $194.76 million from $216.61 million in Q4 FY16. For the reported quarter, the segment's operating income increased 42.4% to $16.96 million from $11.91 million in Q4 FY16. During Q4 FY17, the segment's adjusted operating margin increased 320 basis points to 9.2% of revenue from 6.0% of revenue in Q4 FY16.

Hain Pure Protein - During Q4 FY17, the Company's Hain Pure Protein segment's net revenue increased 8.1% to $122.19 million from $113.05 million in Q4 FY16. For the reported quarter, the segment's operating income was $1.41 million compared to $480,000 in Q4 FY16. During Q4 FY17, the segment's adjusted operating margin increased 10 basis points to 1.2% of revenue from 1.1% of revenue in Q4 FY16.

Balance Sheet

As on June 30, 2017, Hain Celestial's cash and cash equivalents increased 14.90% to $146.99 million from $127.93 million in Q4 FY16. During Q4 FY17, the Company's net receivables decreased 10.9% to $248.44 million from $278.93 million in Q4 FY16.

During Q4 FY17, the Company's inventories increased 4.6% to $427.31 million from $408.56 million in Q4 FY16. During Q4 FY17, the Company's accounts payable decreased 11.75% to $222.14 million from $251.71 million in Q4 FY16.

During Q4 FY17, the Company's long-term debt excluding current portion decreased 11.5% to $740.30 million from $836.17 million in Q4 FY16.

Outlook

For FY18, Hain Celestial expects total revenue to be in the range of $2.97 billion - $3.04 billion and adjusted EBITDA to be in the band of $350 million - $375 million.

The Company estimates adjusted diluted EPS to be in the range of $1.63 - $1.80 for the fiscal year 2018.

Stock Performance

At the closing bell, on Monday, September 18, 2017, Hain Celestial's stock marginally climbed 0.02%, ending the trading session at $41.32. A total volume of 1.42 million shares have exchanged hands. The Company's stock price surged 24.31% in the last three months, 11.08% in the past six months, and 16.46% in the previous twelve months. Moreover, the stock gained 5.87% since the start of the year. The stock is trading at a PE ratio of 63.86 and currently has a market cap of $4.22 billion.

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