Hain Celestial Q1 net sales down 7% to $395M, net loss widens to $20M

HAIN CELESTIAL GROUP INC

2024-Q1 EPS reported -$0.22 revenue$394,596,000

Net sales $395M, down 7% YoY; organic net sales down 5% on 4% volume/mix decline.
Gross profit margin expanded 90 bps to 20.7%; adjusted gross margin up 20 bps to 20.8%.
Net loss of $20M vs $10M prior year; loss per diluted share $0.22 vs $0.12.
Adjusted EBITDA $22M vs $24M; adjusted loss per share flat at $0.04.
Company reaffirms fiscal 2025 guidance; expects growth in second half driven by snacks promotion timing and infant formula recovery.

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