Hain Celestial eyes its worst day on record after annual sales forecast cut; CEO steps down

Hain Celestial

07/05/2025 14:55

Updates

** Shares of organic and natural products company Hain Celestial HAIN.O fall as much as 53% to a more than three-decade low of $1.3

** Stock set for its worst day on record, if losses hold

** Co now expects annual organic net sales growth to be down about 5% to 6%, compared to previous forecast of down 2% to 4%, on slower-than-anticipated volume recovery, and softening and volatile macroeconomic environment

** Co misses Q3 revenue, profit estimates, according to data compiled by LSEG; cites worse-than-expected performance in North America

** Separately, co announced CEO Wendy Davidson is stepping down, effective today

** Co appoints Alison Lewis, a Hain executive, as interim CEO

** Hain also announces it is conducting a comprehensive review of the company’s portfolio with assistance of Goldman Sachs & Co, to consider strategic options to enhance value

** Stock has fallen ~55% YTD, as of last close

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))