Hain Celestial Ends FY2025 With $531 Million Loss

Hain Celestial Group, which has been in a rebuild for at least seven years, had a disastrous fiscal 2025, ending the year with $176.5 million in fewer sales dollars and a net loss of $531 million.

Every reporting segment and every food category contributed, with North American sales down 16% to $1 billion and international slipping just 1.4% to $671 million. Snacks dropped 20% to $371 million; meal prep, the company’s biggest category, was off 3.4% to $593 million.

The biggest drop was in personal care, down 41% -- but the company has been reducing its offerings in that category and this February indicated it would like to sell the entire business.

Company-wide sales were $1.56 billion for the year, down 10%. While the company has intentionally been shrinking, even organic net sales decreased 7% compared to the prior year.

Hain Celestial was constructed as a hodge-podge of sometimes disparate acquisitions that two CEOs have tried, largely unsuccessfully, to manage. CEO Wendy Davidson left the company in May after 2.5 years. Board member Alison Lewis remains interim CEO.

"We are taking decisive action to optimize cash, deleverage our balance sheet, stabilize sales, and improve profitability as we recognize our performance has not met expectations,” Lewis said yesterday.

“Our turnaround strategy is anchored on five actions to win: aggressively streamlining our portfolio, accelerating innovation, implementing pricing along with revenue growth management, driving productivity and working capital efficiency, and enhancing digital capabilities,” Lewis continued. “We are swiftly taking action to stabilize our business while delivering cash and repaying debt, strengthening our financial health.”