The Hain Celestial Group, Inc. - Common Stock (HAIN)
5.1100
+0.0500 (0.99%)
Hain Celestial Group is a leading company in the natural and organic food and beverage sector, focused on providing innovative, sustainable products that cater to health-conscious consumers
The company specializes in the development, marketing, and distribution of a wide range of products, including snacks, meal solutions, and personal care items, all made with high-quality, natural ingredients. Hain Celestial Group emphasizes promoting a healthier lifestyle and environmental sustainability, aligning its product offerings with the growing demand for better-for-you alternatives in the food industry. Through its diverse portfolio of brands, the company strives to enhance the well-being of its customers while fostering responsible practices in sourcing and production.
What a brutal six months it’s been for Hain Celestial. The stock has dropped 26.5% and now trades at $5.45, rattling many shareholders. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the shelf-stable food industry, including Hain Celestial (NASDAQHAIN) and its peers.
Let’s dig into the relative performance of Lancaster Colony (NASDAQLANC) and its peers as we unravel the now-completed Q3 shelf-stable food earnings season.
Natural food company Hain Celestial (NASDAQHAIN) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 7.2% year on year to $394.6 million. Its non-GAAP loss of $0.04 per share was 145% below analysts’ consensus estimates.
Hain Celestial's shares rise in pre-market trading following an earnings beat and an optimistic FY25 forecast, despite a revenue miss and mixed segment performance.
