In an investor call, Schiller explained: “Our Fiscal 2022 plan is built on 4 key assumptions. Related: Hain CEO “Pleased” with Strong Q3 2021 Results Hain Celestial Completes Sale of Soy Brands Unilever Reports Strong Half-Year Results Looking to fiscal year 2022, Hain expects low-single digit adjusted net sales growth, adjusted gross margin expansion, and mid- to high-single digit adjusted EBITDA growth. Heading into 2022, we expect another strong year with adjusted net sales growth, margin expansion and adjusted EBITDA growth even in this challenging environment of high inflation and labor shortages." In spite of the many challenges our industry faced this past year, we continued to successfully execute against our transformation plan, delivering robust full year margin expansion and strong adjusted EBITDA growth. Schiller, President and CEO, commented in the press release: "We are very proud of our solid fourth quarter and full fiscal year 2021 results. Repurchased 3.1 million shares, or 3.0% of the outstanding common stock, at an average price of $34.87 per share.Adjusted EPS of $1.45 compared to $0.84 in the prior year.Adjusted EBITDA margin of 13.1%, a 340 basis point increase compared to the prior year.Adjusted EBITDA of $258.9 million compared to $200.0 million in the prior year.Adjusted net income of $146.5 million compared to $87.1 million in the prior year.Adjusted operating income of $199.5 million compared to $140.0 million in the prior year.Adjusted gross margin of 25.6%, a 249 basis point increase over the prior year.
When adjusted for foreign exchange, divestitures and discontinued brands, net sales decreased 1% compared to the prior year.Net sales decreased 4% to $1,970.3 million, or 7% on a constant currency basis, compared to the prior year.Repurchased 0.7 million shares, or 0.7% of the outstanding common stock, at an average price of $40.41 per share.Adjusted EPS of $0.39 compared to $0.32 in the prior year period.Adjusted EBITDA margin of 15.1%, a 296 basis point increase compared to the prior year period.Adjusted EBITDA of $68.1 million compared to $62.2 million in the prior year period.Adjusted net income of $39.7 million compared to $32.3 million in prior year period.Adjusted operating income of $53.0 million compared to $47.9 million in the prior year period.Adjusted gross margin of 25.7%, a 49 basis point increase from the prior year period.When adjusted for foreign exchange, divestitures and discontinued brands, net sales decreased 8% compared to the prior year period.Net sales decreased 12% to $450.7 million, or 17% on a constant currency basis, compared to the prior year period.
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