Hain Celestial Posts 29.3% Q1 Revenue Decline to $260.27 Million

The Hain Celestial Group, Inc. (HAIN) posted first-quarter revenue of $260.27 million, down 29.3% year over year, as divestitures and discontinued lines weighed on sales.

The decrease included a 22% impact tied to divestitures, discontinued brands and product categories the company exited.

Non-GAAP earnings per share were a loss of 7 cents, 3 cents worse than estimated. Revenue fell $22.76 million short of the $283.03 million estimate.

The pre-earnings estimate called for revenue of $283.03 million and a non-GAAP loss of 4 cents per share.