Shares of Hain Celestial Group Inc (NASDAQ: HAIN) plunged 5.62% in pre-market trading on November 7, 2024, after the organic and natural food company reported mixed results for the fiscal first quarter of 2025.

The company reported revenue of $394.6 million, beating Wall Street estimates of $394.3 million. However, revenue declined 7.2% year-over-year, driven by a 5% drop in organic net sales. Adjusted loss per share of $0.04 missed analysts' expectations of a $0.02 loss.

Hain Celestial posted a net loss of $19.7 million, wider than the $10.4 million loss in the year-ago period. While gross margin improved by 90 basis points to 20.7%, higher operating expenses weighed on profitability.

The company's performance was mixed across segments, with snacks experiencing a 9% organic sales decline due to a promotional event timing shift. Personal care sales also struggled, with organic sales down 11% as the company focuses on stabilizing the segment.

Despite the challenges, Hain Celestial reaffirmed its fiscal 2025 guidance, expecting organic net sales growth to be flat or better and adjusted EBITDA to grow by mid-single digits. However, investors seemed concerned about the company's ability to achieve these targets, given the weak start to the fiscal year.