The US food group reports stable core business but posts another quarter of declining sales and net losses.
Hain Celestial is expanding its protein-focused product lines as part of a broader portfolio review aimed at driving growth and shareholder value. The Nasdaq-listed company reported another quarter of falling sales and net losses, though its core business remains stable, according to CEO Alison Lewis.
The company completed the divestiture of its North American snacks operations in February and continues to evaluate further disposals. Lewis emphasized deleveraging and innovation as priorities, with new launches including high-protein variants under the Greek Gods yogurt brand and Earth’s Best Big Kids Finger Food.
Hain Celestial also plans to introduce gut-health products under the Celestial Seasonings brand this month, targeting wellness trends. Lewis described wellness tea as a bright spot but did not disclose specific disposal targets.