Laden on for Ken Goldman's questions to Hain Celestial Group Inc (HAIN) leadership • Q1 2025
Question
Laden, on for Ken Goldman, asked about the expected cadence of gross margin expansion throughout the fiscal year, particularly how to view the second quarter relative to the back half.
Answer
Lee Boyce, CFO, explained that while gross margin is expected to improve sequentially from quarter to quarter, the significant year-over-year expansion is weighted towards the back half of the fiscal year. He stated that the company's productivity pipeline will continue to ramp up throughout the year. Boyce guided that the second quarter's gross margin would likely be similar to the prior year period, with the guided expansion for the full year primarily occurring in the third and fourth quarters.