Hain Celestial reported a 7% decrease in net sales to $395 million, with a 5% decrease in organic net sales. The company experienced a net loss of $20 million, but gross profit margin increased by 90 basis points to 20.7%. Despite these challenges, Hain Celestial reaffirmed its fiscal year 2025 guidance, expecting growth in the back half of the year.
Net sales decreased by 7% year-over-year to $395 million, with organic net sales down 5%.
Gross profit margin improved to 20.7%, a 90-basis point increase from the prior year.
Net loss amounted to $20 million, compared to a net loss of $10 million in the previous year.
The company reaffirmed its fiscal year 2025 guidance, anticipating a return to growth.
The company is reaffirming guidance for fiscal 2025, expecting organic net sales growth to be flat or better, adjusted EBITDA to grow by mid-single digits, gross margin to increase by at least 125 basis points, and free cash flow to be at least $60 million.
Visualization of income flow from segment revenue to net income