Hain Celestial (HAIN) posts mixed results in third-quarter fiscal 2024. Taking into account lower-than-anticipated Q3 results, management slashes its fiscal 2024 outlook.
Strategic Adjustments Propel Margin Improvements but Revenue Declines
Natural food company Hain Celestial (NASDAQ:HAIN) missed analysts' expectations in Q1 CY2024, with revenue down 3.7% year on year to $438.4 million. It made a non-GAAP profit of $0.13 per share, improving from its profit of $0.08 per share in the same quarter last year.