0846 ET - Hain Celestial plunges 19% premarket after the organic food maker cut its annual guidance, posted weaker-than-expected earnings and announced its chief executive had departed. Hain says its North America business is largely to blame for the disappointing F3Q results, which saw sales down 10% thanks in part to weaker snack sales. Hain's lowered outlook cited "slower-than-anticipated volume recovery," a "softening and volatile macroeconomic environment," and "increased investment in promotional activities." Hain also says its CEO, Wendy Davidson, has left the company and that it is searching for a new candidate while it conducts a strategic review of its portfolio. (jesse.newman@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 08:46 ET (12:46 GMT)
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