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Hain Celestial profit misses consensus by 21.8% in fiscal Q3

Hain Celestial Group Inc. said its normalized net income for the fiscal third quarter ended March 31 was 35 cents per share, compared with the S&P Capital IQ consensus estimate of 45 cents per share.

EPS fell 10.8% year over year from 39 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $36.5 million, a decline of 8.8% from $40.0 million in the year-earlier period.

The normalized profit margin declined to 5.5% from 7.2% in the year-earlier period.

Total revenue grew 18.9% year over year to $662.7 million from $557.4 million, and total operating expenses rose 21.7% from the prior-year period to $592.7 million from $487.0 million.

Reported net income declined 11.6% on an annual basis to $33.2 million, or 32 cents per share, from $37.6 million, or 37 cents per share.