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Natural Food Company Hain Celestial's Q1 Revenue Falls, Hit By Supply challenges In Baby & Kids Organic Formula

Hain Celestial Group Inc (NASDAQ: HAIN) reported a first-quarter FY24 sales decline of 3.3% year-on-year to $425.03 million, missing the analyst consensus estimate of $431.7 million.

Net sales from North America decreased 9.8% Y/Y mainly due to lower sales in baby & kids as a result of industry-wide challenges in organic formula supply, as well as by declines in personal care on the timing ...

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