By Adriano Marchese
Hain Celestial Group's second-quarter loss widened as sales declined in both North America and international markets, hurt by softer demand for snacks and baby products.
For the three months ended Dec. 31, the food and personal-care company on Monday logged a net loss of $116 million, or $1.28 a share, widening from a loss of $104 million, or $1.15 a share, in the same quarter a year ago.
The quarter's loss included pretax noncash impairment charges of $132 million related to goodwill and certain intangible assets.
Stripping out exceptional costs and one-off items, loss came to 3 cents a share. According to FactSet, analysts were expecting nil.
Gross profit margin decreased 330 basis points in the quarter to 19.4%.
Net sales fell by 7% to $384 million. Analysts were expecting a decline for the period, but to $385.8 million.
The decline was primarily driven by snacks and baby formula in North America, while in its international segment, the decline was largely due to softer demand for baby and kids products.
Chief Executive Alison Lewis said the company has taken steps to strengthen its balance sheet, including simplification, pricing, and productivity improvements which are expected to support sequential improvement in the back half of the year.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
February 09, 2026 07:27 ET (12:27 GMT)
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