Hain Celestial Group shares dropped 13% after reporting a surprise Q2 loss, leading to reduced full-year 2024 organic net sales growth guidance.

Hain Celestial Group shares fell 13% to $9.89 after the health and baby food company reported a surprise second-quarter loss, with analysts expecting a quarterly gain. The company reported a quarterly loss of $13.5 million, a decrease from earnings of $11 million in the same quarter last year. The company's organic net sales growth guidance for the full year 2024 has been trimmed from 2-4% to 1% or more.

February 07, 2024
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