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Hain Celestial profit misses consensus by 19.0% in fiscal Q1

Hain Celestial Group Inc. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 30 cents per share, compared with the S&P Capital IQ consensus estimate of 37 cents per share.

EPS rose year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $31.1 million, an increase from $13.0 million in the prior-year period.

The normalized profit margin rose to 4.3% from 2.1% in the year-earlier period.

Total revenue grew 8.9% year over year to $687.2 million from $631.3 million, and total operating expenses climbed year over year to $625.6 million from $600.8 million.

Reported net income increased 69.3% from the prior-year period to $31.3 million, or 30 cents per share, from $18.5 million, or 18 cents per share.