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Hain Celestial stock sinks after adjusted profit, revenue miss expectations by wide margins amid North America weakness

Clyde Edgerton by Clyde Edgerton
May 9, 2023
in Markets
Hain Celestial stock sinks after adjusted profit, revenue miss expectations by wide margins amid North America weakness
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Shares of Hain Celestial Group Inc. HAIN tumbled 9.7% in premarket trading Tuesday, after the organic and natural products company missed fiscal third-quarter profit and sales expectations by wide margins and cut its full-year outlook, amid weakness in North America. The company, with brands including Celestial Seasonings, Earth’s Best and The Greek Gods, swung to a net loss of $115.7 million, or $1.29 a share, from net income of $24.5 million, or 27 cents a share, in the year-ago period. Excluding nonrecurring items, the company recorded earnings per share of 8 cents, which missed the FactSet EPS consensus of 16 cents….



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Clyde Edgerton

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