Financial Performance - Q3 FY25 - Net sales decreased by 11% to $390 million compared to the previous year[30] - Organic net sales decreased by 5% to $374 million compared to the previous year[30] - Adjusted gross margin decreased by 50 bps to 218%[30] - Adjusted EBITDA decreased by 23% to $34 million compared to the previous year[30] - Adjusted EBITDA margin decreased by 140 bps to 86%[30] - Adjusted net income decreased by 46% to $6 million compared to the previous year[30] - Adjusted earnings per share decreased by 46% to $007[30] Segment Performance - North America organic net sales decreased by 10% to $204 million, with adjusted EBITDA decreasing by 38% to $17 million[36] - International organic net sales increased by 05% to $170 million, with adjusted EBITDA decreasing by 10% to $22 million[39] Category Performance - Snacks organic net sales decreased by 13% to $89 million[41] - Baby & Kids organic net sales decreased by 6% to $60 million[41] - Beverages organic net sales decreased by 7% to $64 million[41] - Meal Prep organic net sales increased by 1% to $161 million[41] Debt and Cash Flow - Net debt decreased to $66453 million[80] - Free cash flow was negative $2276 million[82] Guidance - The company revised its full-year guidance, projecting organic net sales growth of approximately -5% to -6%[55]

[Executive Summary & Key Financial Highlights](index=1&type=section&id=FINANCIAL%20HIGHLIGHTS%2A) Hain Celestial reported disappointing Q3 FY25 results, with net sales down 11% and a $135 million net loss, announcing a CEO transition and strategic review - The company announced a CEO transition and a strategic review of its portfolio[2](index=2&type=chunk) - Management is focusing on five key drivers for improving value: simplifying the business, accelerating brand innovation, strategic revenue management, driving operational productivity, and strengthening digital capabilities[3](index=3&type=chunk) Q3 FY25 Financial Highlights vs. Prior Year (in millions) | Metric | Q3 FY25 | Q3 FY24 | Change | | :--- | :--- | :--- | :--- | | Net Sales | $390M | $438M | -11% | | Organic Net Sales Growth | -5% | N/A | N/A | | Gross Profit Margin | 21.7% | 22.1% | -40 bps | | Adjusted Gross Profit Margin | 21.8% | 22.3% | -50 bps | | Net Loss | ($135M) | ($48M) | Widened | | Adjusted Net Income | $6M | $11M | -45.5% | | Loss per Diluted Share | ($1.49) | ($0.54) | Widened | | Adjusted EPS | $0.07 | $0.13 | -46.2% | [Segment Performance](index=2&type=section&id=SEGMENT%20HIGHLIGHTS) Segment performance was mixed, with North America's organic net sales declining 10%, while International achieved 0.5% organic growth Segment Net Sales Performance (Q3 FY25 vs Q3 FY24, in millions) | Segment | Net Sales (Q3 FY25) | Reported Growth Y/Y | Organic Growth Y/Y | | :--- | :--- | :--- | :--- | | North America | $222M | -17.0% | -9.6% | | International | $168M | -1.4% | 0.5% | | **Total** | **$390M** | **-11.0%** | **-5.3%** | [North America](index=2&type=section&id=North%20America) North America's organic net sales declined 10% due to lower snacks and baby & kids sales, resulting in a 37.9% drop in adjusted EBITDA to $17 million - Organic net sales decline of **10%** was primarily driven by lower sales in snacks and baby & kids[10](index=10&type=chunk) - Adjusted EBITDA decreased to **$17 million** from **$28 million** in the prior year, with the margin contracting to **7.8%** from **10.4%**, driven by lower volume/mix and higher trade spend, partially offset by productivity[13](index=13&type=chunk) [International](index=3&type=section&id=International) International segment achieved 0.5% organic net sales growth from meal prep and baby & kids, despite a 10% drop in adjusted EBITDA to $22 million - Organic net sales grew **0.5% YoY**, driven by growth in meal prep and baby & kids, and supply chain recovery from previous service issues[14](index=14&type=chunk) - Adjusted EBITDA decreased **10%** to **$22 million**, with the margin falling to **13.2%** from **14.4%**, primarily driven by inflation and net pricing[16](index=16&type=chunk) [Category Performance](index=3&type=section&id=CATEGORY%20HIGHLIGHTS) Category performance was generally weak, with Snacks declining 13% organically, while Meal Prep showed slight growth and Personal Care sales dropped Organic Net Sales Growth by Category (Q3 FY25 vs Q3 FY24) | Category | Organic Growth Y/Y | Key Drivers | | :--- | :--- | :--- | | Snacks | -13% | Lower promotion effectiveness, continued category softness | | Baby & Kids | -6% | Lapping lost formula sales, softness in pouches, SKU simplification | | Beverages | -7% | Channel mix shift in Europe, slow start to hot tea season | | Meal Prep | +1% | Growth in UK soup and North American yogurt | [Financial Condition and Corporate Updates](index=2&type=section&id=Financial%20Condition%20and%20Corporate%20Updates) Free cash flow was negative $2 million, a significant decline, though total debt reduced to $709 million, and credit agreement amended for flexibility Key Balance Sheet and Cash Flow Metrics (in millions) | Metric | End of Q3 FY25 | Start of FY25 (June 30, 2024) | | :--- | :--- | :--- | | Total Debt | $709M | $744M | | Net Debt | $665M | $690M | | **Metric** | **Q3 FY25** | **Q3 FY24** | | Free Cash Flow | ($2M) | $30M | - Subsequent to the quarter end, the company amended its credit agreement to increase the maximum net secured leverage ratio to **4.75x** through March 31, 2026, providing increased operational flexibility[22](index=22&type=chunk) [Fiscal 2025 Guidance](index=4&type=section&id=FISCAL%202025%20GUIDANCE%2A) Hain Celestial revised its full-year fiscal 2025 guidance downwards, anticipating larger declines in organic net sales and lower adjusted EBITDA - Guidance was revised due to slower than anticipated volume recovery, a softening and volatile macroeconomic environment, and increased investment in promotional activities[23](index=23&type=chunk) Revised Fiscal 2025 Guidance | Metric | Revised FY2025 Guidance | | :--- | :--- | | Organic Net Sales Growth | Approx. -5% to -6% | | Adjusted EBITDA | Approx. $125 million | | Gross Margin | Approx. 21.5% | | Free Cash Flow | Approx. $40 million | [Consolidated Financial Statements (Unaudited)](index=8&type=section&id=Consolidated%20Financial%20Statements%20%28Unaudited%29) This section presents unaudited consolidated statements of operations, balance sheets, and cash flows for Q3 FY25, detailing financial performance and position [Consolidated Statements of Operations](index=8&type=section&id=THE%20HAIN%20CELESTIAL%20GROUP%2C%20INC.%20AND%20SUBSIDIARIES%20Consolidated%20Statements%20of%20Operations) For Q3 FY25, the company reported net sales of $390.4 million and a net loss of $134.6 million, significantly impacted by impairment charges Q3 FY25 Consolidated Statement of Operations Highlights (in thousands) | Line Item | Q3 2025 | Q3 2024 | | :--- | :--- | :--- | | Net sales | $390,351 | $438,358 | | Gross profit | $84,650 | $96,671 | | Goodwill impairment | $110,251 | $- | | Operating loss | $(121,079) | $(27,901) | | Net loss | $(134,588) | $(48,194) | | Diluted loss per share | $(1.49) | $(0.54) | [Consolidated Balance Sheets](index=9&type=section&id=THE%20HAIN%20CELESTIAL%20GROUP%2C%20INC.%20AND%20SUBSIDIARIES%20Consolidated%20Balance%20Sheets) As of March 31, 2025, total assets were $1.84 billion, down from $2.12 billion due to reduced goodwill, with total liabilities at $1.15 billion Consolidated Balance Sheet Highlights (in thousands) | Line Item | March 31, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $44,425 | $54,307 | | Goodwill | $712,727 | $929,304 | | Total assets | $1,844,055 | $2,117,548 | | Total liabilities | $1,147,350 | $1,174,635 | | Total stockholders' equity | $696,705 | $942,913 | [Consolidated Statements of Cash Flows](index=10&type=section&id=THE%20HAIN%20CELESTIAL%20GROUP%2C%20INC.%20AND%20SUBSIDIARIES%20Consolidated%20Statements%20of%20Cash%20Flows) For Q3 FY25, net cash from operating activities was $4.6 million, a significant decrease, resulting in negative free cash flow of $2.3 million Q3 FY25 Consolidated Statement of Cash Flows Highlights (in thousands) | Line Item | Q3 2025 | Q3 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $4,645 | $42,274 | | Purchases of property, plant and equipment | $(6,921) | $(12,034) | | Free cash flow | $(2,276) | $30,240 | [Reconciliation of GAAP to Non-GAAP Measures](index=11&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) This section reconciles non-GAAP financial measures to GAAP, adjusting for items like impairments and restructuring to provide a clearer view of operational performance - Non-GAAP measures are used to provide additional information on operational trends and for period-over-period comparisons, excluding items like acquisitions, divestitures, held for sale businesses, impairments, and restructuring costs[30](index=30&type=chunk)[31](index=31&type=chunk) Reconciliation of Net Loss to Adjusted EBITDA (Q3 FY25, in thousands) | Description | Amount | | :--- | :--- | | **Net loss (GAAP)** | **$(134,588)** | | Depreciation and amortization | $10,455 | | Interest expense, net | $11,096 | | (Benefit) for income taxes | $(505) | | Stock-based compensation, net | $2,973 | | Goodwill impairment | $110,251 | | Long-lived asset and intangibles impairment | $24,012 | | Other adjustments (restructuring, litigation, etc.) | $8,921 | | **Adjusted EBITDA (Non-GAAP)** | **$33,615** |

Core Viewpoint - The Hain Celestial Group reported disappointing financial results for the fiscal third quarter, primarily due to underperformance in North America, but noted a return to organic net sales growth in the international segment and progress in reducing net debt [2][6][24]. Financial Highlights - Net sales for the third quarter were $390 million, down 11% year-over-year, with organic net sales decreasing by 5% [6][8]. - Gross profit margin was 21.7%, a decrease of 40 basis points from the prior year, while adjusted gross profit margin was 21.8%, down 50 basis points [6][11]. - The company reported a net loss of $135 million compared to a net loss of $48 million in the prior year, which included pre-tax non-cash impairment charges of $133 million [6][36]. - Adjusted EBITDA was $34 million, down from $44 million in the prior year, with an adjusted EBITDA margin of 8.6% compared to 10.0% [6][12]. Segment Highlights - North America segment net sales were $222 million, down 17% year-over-year, with organic net sales declining by 10% [8][10]. - International segment net sales were $168 million, down 1.4%, but organic net sales grew by 0.5% [8][13]. - The Snacks category saw a 20% decline in net sales, while Meal Prep experienced a slight growth of 1% [18][22]. Cash Flow and Balance Sheet Highlights - Net cash provided by operating activities was $5 million, down from $42 million in the prior year, with free cash flow turning negative at $2 million [7][42]. - Total debt at the end of the fiscal third quarter was $709 million, reduced from $744 million at the beginning of the fiscal year [7][17]. Guidance - The company adjusted its fiscal 2025 guidance, expecting organic net sales growth to decline by approximately 5%-6%, with adjusted EBITDA projected at around $125 million and gross margin at approximately 21.5% [24][25].

Core Insights - Hain Celestial Group announced the departure of Wendy Davidson as President and CEO, effective immediately, and has appointed Alison E. Lewis as Interim President and CEO [1][2][3] - The Board is executing a leadership succession plan and conducting a comprehensive strategic review of the Company's portfolio with the assistance of Goldman Sachs & Co to enhance shareholder value [4][5] Leadership Transition - Alison E. Lewis, with over 30 years of experience in the consumer goods industry, has been appointed as Interim President and CEO [2][6] - Dawn Zier, Chair of the Board, expressed confidence in Lewis's ability to lead during the transition and emphasized the focus on maximizing the value of Hain [3] Strategic Review - The Board's strategic review aims to evaluate the Company's strategy and portfolio in light of recent performance, with no definitive timetable for completion [5] - The review will explore a broad range of strategic options to enhance value for shareholders [4][5] Company Overview - Hain Celestial Group is a leading health and wellness company focused on inspiring healthier living through better-for-you brands, with products marketed in over 70 countries [7][8] - The Company has a diverse product portfolio including snacks, beverages, and baby foods, with well-known brands such as Garden Veggie Snacks™, Celestial Seasonings® teas, and Earth's Best® Organic [7][8]

Group 1 - Hain Celestial Group plans to release its financial results for the fiscal third quarter on May 7, 2025, before market opening [1] - The conference call to discuss the results will be hosted by CEO Wendy Davidson and CFO Lee Boyce at 8:00 AM ET [1] - A question-and-answer session will follow the prepared remarks, with participation from covering analysts [1] Group 2 - The webcast and presentation will be available on the company's corporate website under the Investors section [2] - Investors can access the conference call by dialing specific numbers and referencing a conference ID [2] - A replay of the call will be available until May 14, 2025, with access through designated phone numbers [2] Group 3 - Hain Celestial Group is a leading health and wellness company focused on inspiring healthier living through better-for-you brands [3] - The company has been delivering nutrition and well-being products for over 30 years and operates in over 70 countries [3] - Notable brands under Hain Celestial include Garden Veggie Snacks™, Terra® chips, and Earth's Best® Organic, among others [3]

Hain's North America President sheds light on baby food standards, testing and transparency in the latest edition of The Hain Way corporate blogHOBOKEN, N.J., April 10, 2025 /PRNewswire/ -- As a leading global health and wellness company with a purpose to inspire healthier living, Hain Celestial Group, Inc. (Nasdaq: HAIN) is committed to offering better-for-you products made with the highest quality and safety standards, while ensuring consumers have access to the information they need to make healthier nut ...

Manufacturer's channel expansion unlocks new opportunities to reach a broader consumer base, enhance market presence HOBOKEN, N.J., April 2, 2025 /PRNewswire/ -- Embracing its "first to mind, first to find" approach, The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading global health and wellness company whose purpose is to inspire healthier living through better-for-you brands, is increasing access to its snack offerings by making them available at Dollar General stores. Hain Celestial’s Garden Vegg ...

Core Insights - Earth's Best has launched a new line of organic play + learn finger foods aimed at children aged 6 months and up, reinforcing its commitment to child nutrition and development [1][3][6] - The new products are designed based on childhood nutrition research, featuring textures and flavors that promote self-feeding skills [2][8] - The finger foods are made with simple, wholesome ingredients, free from artificial flavors and preservatives, and are crafted to dissolve easily for young children [2][4] Product Details - The product line includes Organic Crunchy Sticks, Organic Melty Hoops, and Organic Munchy Fingers, each tailored for different developmental stages [3][8] - Organic Crunchy Sticks are available in a 0.56 oz multi-serve package and are designed for children aged 6+ months [4][8] - Organic Melty Hoops come in a 0.70 oz multi-serve bag and a 1.28 oz 4ct single-serve multipack, suitable for children aged 8+ months [4][8] - Organic Munchy Fingers are offered in a 1.05 oz box of nine, aimed at children aged 10+ months [4][8] Company Background - Earth's Best was founded in 1985 and has been a leader in organic baby food, providing a variety of nutritious options for families [6][7] - The brand's mission focuses on helping children build healthy eating habits from an early age [6][7] - The Hain Celestial Group, which owns Earth's Best, is a health and wellness company that markets products in over 70 countries [7]

Core Insights - Earth's Best has launched a new line of organic play + learn finger foods aimed at children aged 6 months and up, focusing on healthy habits and self-feeding skill development [1][3][6] - The new products are designed based on childhood nutrition research, featuring simple ingredients without artificial flavors or preservatives, and are crafted to dissolve easily for young children [2][8] Product Details - The product line includes three types: Organic Crunchy Sticks (0.56 oz), Organic Melty Hoops (0.70 oz and 1.28 oz), and Organic Munchy Fingers (1.05 oz) [4][8] - Organic Crunchy Sticks are aimed at children 6+ months, promoting the palmar grasp with flavors like Strawberry Banana and Cheddar Cheese [8] - Organic Melty Hoops target children 8+ months, designed for the pincer grip, available in Spring Veggies and Strawberries + Mangoes [8] - Organic Munchy Fingers are for children 10+ months, helping with the radial digital grasp, available in Mixed Berry and Mango Carrot flavors [8] Company Background - Earth's Best was founded in 1985 and has been a leader in organic baby food, providing a variety of nutritious options for families [6] - The brand's mission is to make wholesome food enjoyable for children while assisting families in the early feeding years [6] - The Hain Celestial Group, which owns Earth's Best, is a health and wellness company focused on inspiring healthier living through better-for-you brands [7]

Hain President and Chief Executive Officer explains how the manufacturer makes it easier for consumers to understand their options in the latest post on The Hain Way corporate blog HOBOKEN, N.J., March 25, 2025 /PRNewswire/ -- The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading global health and wellness company whose purpose is to inspire healthier living through better-for-you brands, continues to lead the industry by leveraging its deep expertise and legacy of delivering great-tasting products while ...