Hain Celestial Posts Wider Loss In Q2
(RTTNews) - The Hain Celestial Group, Inc. (HAIN) reported a second quarter net loss of $116 million, compared to a net loss of $104 million in the prior year period. Loss per share was $1.28, compared to a loss per share of $1.15. Adjusted net loss was $3 million, compared to adjusted net income of $8 million. Adjusted loss per share was $0.03, compared to adjusted earnings per share of $0.08.
Net sales were $384 million, down 7% year-over-year. Organic net sales decreased 7% compared to the prior year period.
In pre-market trading on NasdaqGS, Hain Celestial shares are down 3.25 percent to $1.19.
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