HAIN · The Hain Celestial Group, Inc.

The Hain Celestial Group's fiscal third quarter 2026 results demonstrate progress in cash generation and debt reduction amid ongoing sales challenges. Net sales declined 13% to $338 million, with organic sales down 6% driven by an 11-point drop in volume/mix partially offset by 5-point pricing gains. Gross margins contracted 90 basis points to 20.8% on a GAAP basis and 21.0% adjusted, reflecting cost inflation pressures despite productivity savings. The GAAP net loss narrowed to $106 million from $135 million, though it included a $51 million pre-tax loss on the North American snacks business sale and $46 million in non-cash impairments on goodwill, intangibles, and assets held for sale. Adjusted net loss was minimal at $1 million, with adjusted EBITDA at $26 million versus $34 million prior year. North America saw 3% organic sales decline, offset by 100 bps margin expansion to 23.1% from pricing and productivity, yielding stable adjusted EBITDA of $17 million at 10.0% margin. International organic sales fell 8%, with margins down 270 bps to 18.5% due to inflation, and adjusted EBITDA dipped 12% to $20 million. CEO Alison Lewis highlighted strengthening foundation via turnaround strategy, snacks divestiture completion enhancing margins and cash flow, and priorities to optimize cash, bolster balance sheet, improve profitability, and stabilize sales. Operating cash flow surged to $38 million from $5 million, free cash flow to $35 million from an outflow, reducing total debt by $155 million to $549 million and net debt to $505 million, achieving 4.3x net secured leverage.