Why Hain Celestial Shares Are Plunging Today
Hain Celestial Group Inc (NASDAQ:HAIN) reported third-quarter FY22 sales growth of 2.1% year-on-year to $502.94 million, missing the consensus of $521.54 million. Net sales from North America increased 13.3% Y/Y, and International sales declined 14%. Adjusted gross margin for the quarter fell 400 basis points Y/Y to 23.4%. The gross margin contracted 340…
Benzinga ·