Hain Celestial falls to a near-three-decade low after cutting annual forecasts

Hain Celestial

10/02/2025 14:58

** Organic and natural products company Hain Celestial's
 HAIN.O  shares plunge 25% to a more than 27-year low of $3.52
in early market trade
    ** Co now sees full-year organic net sales to be down 2 to
4% vs previous forecast of flat or above growth, due to a
challenging macroeconomic backdrop
    ** Also sees annual adjusted EBITDA to be flat, compared
with the previous mid-single-digits growth forecast
    ** Reports Q2 sales decline of 9% to $411.5 million vs
estimates of $431.6 million - data compiled by LSEG
    ** Says sales decrease was driven by lower demand in snacks,
personal care segment segments
    ** Posts Q2 adjusted EPS of 8 cents, below estimates of 12
cents
    ** HAIN fell 44% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))