Hain Celestial Shares Hit 52-Week Low After Wider 2Q Loss

Dow Jones

Feb 11, 2025

By Chris Wack

Hain Celestial Group shares were down 14% to $4.04 after the company reported a second-quarter loss that was wider than expected.

The shares hit their 52-week low of $3.28 a share earlier in the session, and are down 58% in the past 12 months.

The food company said it had a quarterly loss $104 million, or $1.15 a share, compared with a loss of $13.5 million, or 15 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of 8 cents a share.

Sales for the quarter were $411.5 million, compared with last year's $454.1 million and the $430.8 million analysts had forecast.

the company said sales growth was hampered by poor in-store performance in snacks, driven by marketing and promotion effectiveness, and supply-chain challenges.

Hain said it is expecting to see organic sales drop 2% to 4% in fiscal 2025.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

February 10, 2025 13:39 ET (18:39 GMT)

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