Hain Celestial Reports Fiscal Second Quarter 2026 Financial Results

Rhea-AI Summary

Hain Celestial (Nasdaq: HAIN) reported fiscal Q2 2026 results for the quarter ended December 31, 2025. Net sales were $384 million, down 7% year-over-year; adjusted EBITDA was $24 million. The quarter included a $132 million pre-tax impairment and actions to divest North American snacks to strengthen the balance sheet.

Cash generation improved: operating cash was $37 million and free cash flow was $30 million, while total debt remained $705 million and net debt fell to $637 million.

Positive

• Net cash provided by operations +20% YoY to $37 million
• Free cash flow +20% YoY to $30 million
• Divestiture of North American snack business improves financial flexibility
• Net debt down $13 million to $637 million from beginning of year

Negative

• Net sales -7% YoY
• Snacks organic sales -20% YoY
• Gross profit margin down 330 basis points YoY to 19.4%
• Net loss $116 million, including $132 million pre-tax impairment
• Adjusted EBITDA down to $24 million from $38 million prior year

Market Reaction

-22.37% $0.95 2.5x vol

15m delay 21 alerts

-22.37% Since News

$0.95 Last Price

$0.91 $1.16 Day Range

-$25M Valuation Impact

$86M Market Cap

2.5x Rel. Volume

Following this news, HAIN has declined 22.37%, reflecting a significant negative market reaction. Our momentum scanner has triggered 21 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $0.95. This price movement has removed approximately $25M from the company's valuation. Trading volume is elevated at 2.5x the average, suggesting increased selling activity.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.

Key Figures

Net sales: $384 million, -7% YoY Gross profit margin: 19.4%, -330 bps YoY Net loss: $116 million vs $104 million +5 more

8 metrics

Net sales $384 million, -7% YoY Fiscal Q2 2026 net sales vs prior-year quarter

Gross profit margin 19.4%, -330 bps YoY Fiscal Q2 2026 vs prior-year period

Net loss $116 million vs $104 million Fiscal Q2 2026 vs fiscal Q2 2025

Adjusted EBITDA $24 million vs $38 million Fiscal Q2 2026 vs prior-year quarter

Net cash from operations $37 million vs $31 million Fiscal Q2 2026 operating cash flow YoY

Free cash flow $30 million vs $25 million Fiscal Q2 2026 free cash flow YoY

Total debt $705 million End of fiscal Q2 2026, flat vs fiscal-year start

Net secured leverage ratio 4.9x As of end of fiscal Q2 2026 per credit agreement

Market Reality Check

Price: $1.23 Vol: Volume 2405408 is 1.16x t...

normal vol

$1.23 Last Close

Volume Volume 2405408 is 1.16x the 20-day average of 2077828 shares. normal

Technical Price at 1.23 is trading below the 200-day MA of 1.56.

Peers on Argus

Momentum data flags the target trending down while peers like BYND and ATPC show...

2 Up

Momentum data flags the target trending down while peers like BYND and ATPC show upward moves, suggesting this earnings reaction is more stock-specific than sector-driven.

Previous Earnings Reports

5 past events · Latest: Nov 07 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 07	Q1 2026 earnings	Negative	+12.2%	Q1 2026 sales down 7% YoY with margin pressure and net loss.
Sep 15	FY2025 results	Negative	-24.6%	FY2025 and Q4 showed double-digit sales declines and large impairment loss.
May 07	Q3 2025 earnings	Negative	-47.6%	Q3 2025 saw 11% sales decline, big net loss and guidance cut.
Feb 10	Q2 2025 earnings	Negative	-10.7%	Q2 2025 net sales down, net loss with impairment, weaker guidance.
Nov 07	Q1 2025 earnings	Negative	-16.1%	Q1 2025 delivered lower sales, higher losses despite a margin uptick.

Pattern Detected

Earnings releases have often coincided with sizable stock declines, with one recent upside divergence despite soft results.

Recent Company History

Over the past five earnings cycles, Hain Celestial has repeatedly reported declining net sales, margin pressure, and sizable net losses, including impairment charges and elevated leverage. Average same-day move was -17.39%, with several sharp selloffs following weak quarters in Q3 2025 and Q4 2025. The current Q2 FY26 report continues themes of lower sales, compressed margins, and net losses, but also shows improved cash generation and stable total debt, extending the turnaround narrative under CEO Alison Lewis.

Historical Comparison

earnings

-17.4 %

Average Historical Move

Historical Analysis

Across five prior earnings reports, average move was -17.39%, mostly sharp selloffs after weak results. Today’s +4.24% pre-news gain contrasts with that pattern despite ongoing sales and margin pressures.

Typical Pattern

Successive earnings have highlighted declining sales, recurring impairment charges, and elevated leverage, while management advances a turnaround via portfolio simplification, pricing, productivity, and cash-flow improvement initiatives.

Market Pulse Summary

The stock is dropping -22.4% following this news. A negative reaction despite improved cash generati...

Analysis

The stock is dropping -22.4% following this news. A negative reaction despite improved cash generation fits a history where earnings highlighted declining sales and persistent losses. Fiscal Q2 2026 net sales fell to $384 million with a net loss of $116 million and gross margin at 19.4%, down 330 basis points. Prior earnings often triggered sizable declines, so continued concern around leverage at 4.9x and margin pressure could reinforce downside moves.

Key Terms

organic net sales, adjusted EBITDA, free cash flow, net secured leverage ratio

4 terms

organic net sales financial

"Organic net sales decreased 7% compared to the prior year period."

Organic net sales represent the revenue generated from a company's core business activities, excluding the effects of acquisitions, divestments, or currency changes. It shows how well the company is growing through its existing products and services, similar to tracking how a plant grows from its own roots rather than by adding new plants. Investors use this measure to assess the true growth and health of a company's ongoing operations.

adjusted EBITDA financial

"Adjusted EBITDA was $24 million, compared to $38 million in the prior year period."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

free cash flow financial

"Free cash flow was $30 million in the fiscal second quarter, compared to $25 million in the prior year period."

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

net secured leverage ratio financial

"The company ended the fiscal second quarter with a net secured leverage ratio of 4.9x as calculated under our credit agreement."

A measure of how much secured debt a company has relative to its ability to generate operating cash flow, calculated by taking secured debt minus readily available cash and dividing by a proxy for annual operating cash flow (commonly EBITDA). It matters to investors because it shows how heavily financed a company is with loans backed by assets — like comparing a mortgage balance after savings to your yearly paycheck — and signals credit risk, financial flexibility, and likelihood of meeting loan covenants.

AI-generated analysis. Not financial advice.

Net cash provided by operations in the quarter +20% year-over-year, demonstrating strong cash delivery

HOBOKEN, N.J., Feb. 09, 2026 (GLOBE NEWSWIRE) -- The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading global health and wellness company whose purpose is to inspire healthier living through better-for-you brands, today reported financial results for its fiscal second quarter ended December 31, 2025.

“We demonstrated meaningful strategic and operational progress in the second quarter and are advancing our turnaround strategy with urgency. We took bold steps to sharpen our portfolio and strengthen our balance sheet through the divestiture of our North American snack business, giving us greater financial flexibility alongside an improved margin and cash flow profile. Our core categories are stable, our operational execution is improving, and we demonstrated strong cash delivery in the quarter. The actions underway across simplification, pricing, innovation, and productivity provide a clear path to sequential improvement in the back half of the year. We remain confident in our path forward,” stated Alison Lewis, President and CEO.

FINANCIAL HIGHLIGHTS^*

Summary of Fiscal Second Quarter Results Compared to the Prior Year Period

• Net sales were $384 million, down 7% year-over-year.
  • Organic net sales decreased 7% compared to the prior year period.
    • The decrease in organic net sales was comprised of a 9-point decrease in volume/mix, partially offset by a 2-point increase in pricing.
• Gross profit margin was 19.4%, a 330-basis point decrease from the prior year period.
  • Adjusted gross profit margin was 19.5%, a 340-basis point decrease from the prior year period.
• Net loss was $116 million, compared to a net loss of $104 million in the prior year period.
  • Net loss included pre-tax non-cash impairment charges of $132 million ($131 million after-tax) related to goodwill and certain intangible assets.
  • Adjusted net loss was $3 million, compared to adjusted net income of $8 million in the prior year period.
• Adjusted EBITDA was $24 million, compared to $38 million in the prior year period.
• Loss per diluted share was $1.28, compared to a loss per diluted share of $1.15 in the prior year period.
  • Adjusted loss per diluted share was $0.03, compared to adjusted earnings per diluted share of $0.08 in the prior year period.
    
    

Cash Flow and Balance Sheet Highlights

• Net cash provided by operating activities was $37 million in the fiscal second quarter, compared to $31 million in the prior year period.
• Free cash flow was $30 million in the fiscal second quarter, compared to $25 million in the prior year period.
• Total debt was $705 million at the end of the fiscal second quarter, in line with $705 million at the beginning of the fiscal year.
• Net debt was $637 million at the end of the fiscal second quarter, compared to $650 million at the beginning of the fiscal year.
• The company ended the fiscal second quarter with a net secured leverage ratio of 4.9x as calculated under our credit agreement.
  
  

______________________________
*This press release includes certain non-GAAP financial measures, which are intended to supplement, not substitute for, comparable GAAP financial measures. Reconciliations of non-GAAP financial measures to GAAP financial measures and other non-GAAP financial calculations are provided in the tables included in this press release.

SEGMENT HIGHLIGHTS 

The company operates under two reportable segments: North America and International.

	Net Sales
	Q2 FY26					Q2 FY26 YTD
	$ Millions	Reported Growth Y/Y	M&A/Exit Impact1	FX Impact	Organic Growth Y/Y	$ Millions	Reported Growth Y/Y	M&A/Exit Impact1	FX Impact	Organic Growth Y/Y
North America	198	-14%	-3%	0%	-10%	402	-13%	-4%	-0%	-9%
International	186	2%	0%	5%	-3%	350	1%	-0%	5%	-3%
Total	384	-7%	-2%	2%	-7%	752	-7%	-2%	2%	-6%
* May not add due to rounding
1Reflects the impact within reported net sales growth of the following items that are excluded from organic net sales growth: net sales from divested brands (ParmCrisps® snacks brands), held for sale businesses (Personal Care), discontinued brands, and exited product categories.

North America
Fiscal second quarter organic net sales decreased by 10% year-over-year, primarily driven by snacks and baby formula, partially offset by growth in beverages.

Segment gross profit and adjusted gross profit were each $41 million in the fiscal second quarter, representing decreases of 28% and 29%, respectively, from the prior year period. Gross margin was 20.6%, a 420-basis point decrease from the prior year period, and adjusted gross margin was 20.8%, a 440-basis point decrease from the prior year period. The decreases in margin were primarily driven by lower volume/mix, cost inflation, and unfavorable fixed cost absorption, partially offset by productivity savings and pricing.

Adjusted EBITDA in the fiscal second quarter was $11 million, compared to $25 million in the prior year period, a decrease of 57%. The decrease was primarily driven by lower gross margins, as discussed above, partially offset by a reduction in SG&A.   Adjusted EBITDA margin was 5.5% of net sales compared to 11.0% of net sales in the prior year period.

International
Fiscal second quarter organic net sales decreased by 3% year-over-year, primarily driven by lower sales in baby & kids. This demonstrates sequential improvement from the 4% decrease year-over-year in organic net sales in the fiscal first quarter of 2026.

Segment gross profit and adjusted gross profit in the fiscal second quarter were both $34 million, each representing an 8% decrease from the prior year period. Gross margin and adjusted gross margin were both 18.1%, each representing a 200-basis point decrease from the prior year period. The decreases in margin were primarily driven by cost inflation, unfavorable fixed cost absorption, and lower volume/mix, partially offset by productivity savings and pricing.

Adjusted EBITDA in the fiscal second quarter was $19 million, compared to $23 million in the prior year period, a decrease of 16%. The decrease was primarily driven by lower gross margins, as discussed above.   Adjusted EBITDA margin was 10.2% compared to 12.4% in the prior year period.

CATEGORY HIGHLIGHTS

	Net Sales
	Q2 FY26					Q2 FY26 YTD
	$ Millions	Reported Growth Y/Y	M&A/Exit Impact1	FX Impact	Organic Growth Y/Y	$ Millions	Reported Growth Y/Y	M&A/Exit Impact1	FX Impact	Organic Growth Y/Y
Snacks	72	-20%	-0%	0%	-20%	152	-20%	-1%	0%	-19%
Baby & Kids	54	-13%	-0%	2%	-14%	109	-11%	-1%	2%	-12%
Beverages	75	7%	-0%	4%	3%	134	6%	-0%	4%	2%
Meal Prep	172	-3%	-5%	3%	-1%	332	-2%	-4%	3%	-0%
Personal Care	12	-7%	n/a	n/a	n/a	25	-20%	n/a	n/a	n/a
Total	384	-7%	-2%	2%	-7%	752	-7%	-2%	2%	-6%
* May not add due to rounding
1Reflects the impact within reported net sales growth of the following items that are excluded from organic net sales growth: net sales from divested brands (ParmCrisps® snacks brands), held for sale businesses (Personal Care), discontinued brands, and exited product categories.

Snacks
The fiscal second quarter organic net sales decline of 20% year-over-year was driven by distribution losses and velocity challenges in North America.

Baby & Kids
The fiscal second quarter organic net sales decline of 14% year-over-year was driven primarily by industry-wide volume softness in purees in the UK and by formula in North America, which was lapping supply recovery from last year.

Beverages
The fiscal second quarter organic net sales increase of 3% year-over-year was driven by growth in tea in North America. This demonstrates acceleration from the 2% year-over-year growth in organic net sales in the fiscal first quarter of 2026.

Meal Prep
The fiscal second quarter organic net sales decline of 1% year-over-year was driven primarily by spreads and drizzles in the UK, partially offset by strength in yogurt in North America.

Conference Call and Webcast Information

Hain Celestial will host a conference call and webcast today at 8:00 AM ET to discuss its results and business outlook. The live webcast and accompanying presentation are available under the Investors section of the company’s corporate website at www.hain.com. Investors and analysts can access the live call by dialing 800-715-9871 or 646-307-1963.   The conference ID is 5099081. Participation by the press and public in the Q&A session will be in listen-only mode. A replay of the call will be available shortly after the conclusion of the live call through Monday, February 16th, 2026, and can be accessed by dialing 800-770-2030 or 609-800-9909 and referencing the conference access ID: 5099081.

About The Hain Celestial Group, Inc.

Hain Celestial is a leading health and wellness company whose purpose is to inspire healthier living for people, communities and the planet through better-for-you brands. For more than 30 years, Hain Celestial has intentionally focused on delivering nutrition and well-being that positively impacts today and tomorrow. Headquartered in Hoboken, N.J., Hain Celestial's products across snacks, baby/kids, beverages and meal preparation are marketed and sold in over 70 countries around the world. Our leading brands include Garden Veggie Snacks™, Terra® chips, Garden of Eatin'® snacks, Hartley’s® jelly, Earth's Best® Organic and Ella's Kitchen® baby and kids foods, Celestial Seasonings® teas, Joya® and Natumi® plant-based beverages, The Greek Gods® yogurt, Cully & Sully®, Yorkshire Provender®, New Covent Garden® and Imagine® soups, among others. For more information, visit www.hain.com and LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. The words “believe,” “expect,” “anticipate,” “may,” “should,” “plan,” “intend,” “potential,” “will” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include, among other things, our beliefs or expectations relating to our strategy, our future results of operations, our capital and cost structure, and the macroeconomic environment.

Risks and uncertainties that may cause actual results to differ materially from forward-looking statements include: challenges and uncertainty resulting from the impact of competition; changes to consumer preferences; our ability to execute our business strategy; the ability to satisfy the conditions to the closing of the contemplated disposition of our North American snacks business, which may include conditions outside of our control; our ability to successfully separate the North American snacks business and realize the benefits of the contemplated disposition; compliance with our credit agreement and our ability to refinance, retire and/or extend the maturity of the Company’s existing debt; our ability to manage our supply chain effectively; input cost inflation, including as a result of tariffs; reliance on independent contract manufacturers; disruption of operations at our manufacturing facilities; customer concentration; reliance on independent distributors; risks associated with operating internationally; risks associated with outsourcing arrangements; risks associated with geopolitical conflicts or events; our reliance on independent certification for a number of our products; our ability to attract and retain highly skilled people; risks related to tax matters; foreign currency exchange risk; general economic conditions; impairments in the carrying value of goodwill or other intangible assets; the reputation of our company and our brands; our ability to use and protect trademarks; cybersecurity incidents; disruptions to information technology systems; pending and future litigation, including litigation relating to Earth’s Best® baby food products; potential liability if our products cause illness or physical harm; the highly regulated environment in which we operate; our ability to manage our financial reporting and internal control systems and processes; compliance with data privacy laws; the adequacy of our insurance coverage; climate impacts; liabilities, claims or regulatory change with respect to environmental matters; and other risks and matters described in our most recent Annual Report on Form 10-K and our other filings from time to time with the U.S. Securities and Exchange Commission.

We undertake no obligation to update forward-looking statements to reflect actual results or changes in assumptions or circumstances, except as required by applicable law.

Non-GAAP Financial Measures

This press release and the accompanying tables include non-GAAP financial measures, including, among others, organic net sales; adjusted gross profit and its related margin; adjusted operating income and its related margin; adjusted net (loss) income and its related margin; diluted net (loss) income per common share, as adjusted; adjusted EBITDA and its related margin; free cash flow; and net debt. The reconciliations of historic non-GAAP financial measures to the comparable GAAP financial measures are provided in the tables below. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures. In addition, these non-GAAP measures may not be the same as similar measures provided by other companies due to potential differences in methods of calculation and items being excluded. They should be read only in connection with the company’s consolidated financial statements presented in accordance with GAAP.

We define our non-GAAP financial measures as follows:

• Organic net sales: net sales excluding the impact of acquisitions, divestitures, held for sale businesses, discontinued brands, exited product categories and foreign exchange. To adjust organic net sales for the impact of acquisitions, the net sales of an acquired business are excluded from fiscal quarters constituting or falling within the current period and prior period where the applicable fiscal quarter in the prior period did not include the acquired business for the entire quarter. To adjust organic net sales for the impact of divestitures, held for sale businesses, discontinued brands and exited product categories, the net sales of a divested business, held for sale business, discontinued brand or exited product category are excluded from all periods. To adjust organic net sales for the impact of foreign exchange, current period net sales for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the average monthly exchange rates in effect during the corresponding period of the prior fiscal year, rather than at the actual average monthly exchange rate in effect during the current period of the current fiscal year.
  
  
• Adjusted gross profit and its related margin: gross profit, before plant closure related costs, net.
  
  
• Adjusted operating income and its related margin: operating loss before goodwill impairment, intangibles and long-lived asset impairment, productivity and transformation costs, costs associated with acquisitions, divestitures and other transactions, plant closure related costs, net, certain litigation expenses, net, and proceeds from insurance claim.
  
  
• Adjusted net (loss) income and its related margin and diluted net (loss) income per common share, as adjusted: net loss, adjusted to exclude the impact of goodwill impairment, intangibles and long-lived asset impairment, productivity and transformation costs, costs associated with acquisitions, divestitures and other transactions, plant closure related costs, net, certain litigation expenses, net, proceeds from insurance claim, (gains) losses on sales of assets, unrealized currency losses (gains) and the related tax effects of such adjustments.
  
  
• Adjusted EBITDA and its related margin: net loss before depreciation and amortization, equity in net loss of equity-method investees, net interest expense, income taxes, stock-based compensation, net, unrealized currency losses (gains), proceeds from insurance claim, certain litigation expenses, net, productivity and transformation costs, plant closure related costs, net, costs associated with acquisitions, divestitures and other transactions, (gains) losses on sales of assets, goodwill impairment and intangibles and long-lived asset impairment.
  
  
• Free cash flow: net cash provided by operating activities less purchases of property, plant and equipment.
  
  
• Net debt: total debt less cash and cash equivalents.
  
  

We believe that the non-GAAP financial measures presented provide useful additional information to investors about current trends in the company’s operations and are useful for period-over-period comparisons of operations. We provide:

• Organic net sales to demonstrate the growth rate of net sales excluding the impact of acquisitions, divestitures, held for sale businesses, discontinued brands, and exited product categories and foreign exchange, and believe organic net sales is useful to investors because it enables them to better understand the growth of our business from period to period.
  
  
• Adjusted results as important supplemental measures of our performance and believe they are frequently used by securities analysts, investors and other interested parties in the evaluation of our Company and companies in our industry.
  
  
• Free cash flow as one factor in evaluating the amount of cash available for discretionary investments.
  
  
• Net debt as a useful measure to monitor leverage and evaluate the balance sheet.
  
  

We discuss the Company’s net secured leverage ratio as calculated under our credit agreement as a measure of our financial condition, liquidity and compliance with our credit agreement. For a description of the material terms of our credit agreement and risks of non-compliance with our credit agreement, see “Liquidity and Capital Resources” under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” in our most recent Annual Report on Form 10-K and our subsequent quarterly reports on Form 10-Q filed with the U.S. Securities and Exchange Commission.

Investor Relations Contact:
Alexis Tessier
Investor.Relations@hain.com

Media Contact:
Justin Godley
Justin.Godley@hain.com

THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(unaudited and in thousands, except per share amounts)
	Second Quarter								Second Quarter Year to Date
	2026				2025				2026				2025
Net sales	$	384,120			$	411,485			$	752,003			$	806,081
Cost of sales		309,681				318,033				609,486				631,019
Gross profit		74,439				93,452				142,517				175,062
Selling, general and administrative expenses		60,903				70,155				126,415				141,483
Goodwill impairment		119,908				91,267				119,908				91,267
Intangibles and long-lived asset impairment		11,917				17,986				11,917				18,017
Productivity and transformation costs		5,234				4,190				13,453				9,208
Amortization of acquired intangible assets		1,199				1,753				2,411				3,933
Proceeds from insurance claim		(25,900	)			-				(25,900	)			-
Operating loss		(98,822	)			(91,899	)			(105,687	)			(88,846	)
Interest and other financing expense, net		15,662				12,800				31,161				26,546
Other (income) expense, net		(997	)			(4,040	)			(1,653	)			1,252
Loss before income taxes and equity in net loss of equity-method investees		(113,487	)			(100,659	)			(135,195	)			(116,644	)
Provision for income taxes		2,386				2,728				1,130				6,251
Equity in net loss of equity-method investees		133				588				306				743
Net loss	$	(116,006	)		$	(103,975	)		$	(136,631	)		$	(123,638	)
Net loss per common share:
Basic	$	(1.28	)		$	(1.15	)		$	(1.51	)		$	(1.37	)
Diluted	$	(1.28	)		$	(1.15	)		$	(1.51	)		$	(1.37	)
Shares used in the calculation of net loss per common share:
Basic		90,655				90,132				90,482				89,997
Diluted		90,655				90,132				90,482				89,997

THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(unaudited and in thousands)
	December 31, 2025				June 30, 2025
ASSETS
Current assets:
Cash and cash equivalents	$	68,017			$	54,355
Accounts receivable, net		174,064				154,440
Inventories		215,742				248,731
Prepaid expenses and other current assets		76,435				43,169
Assets held for sale		30,137				29,603
Total current assets		564,395				530,298
Property, plant and equipment, net		250,500				264,730
Goodwill		378,042				500,961
Trademarks and other intangible assets, net		194,293				210,905
Operating lease right-of-use assets, net		67,348				71,171
Other assets		22,832				25,213
Total assets	$	1,477,410			$	1,603,278
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	198,475			$	188,307
Accrued expenses and other current liabilities		103,190				68,426
Current portion of long-term debt		704,315				7,653
Liabilities related to assets held for sale		10,554				12,987
Total current liabilities		1,016,534				277,373
Long-term debt, less current portion		388				697,168
Deferred income taxes		40,923				40,332
Operating lease liabilities, noncurrent portion		61,683				65,284
Other noncurrent liabilities		27,637				48,116
Total liabilities		1,147,165				1,128,273
Stockholders' equity:
Common stock		1,135				1,125
Additional paid-in capital		1,241,446				1,238,402
Retained (deficit) earnings		(89,953	)			46,678
Accumulated other comprehensive loss		(91,893	)			(81,053	)
		1,060,735				1,205,152
Less: Treasury stock		(730,490	)			(730,147	)
Total stockholders' equity		330,245				475,005
Total liabilities and stockholders' equity	$	1,477,410			$	1,603,278

THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
(unaudited and in thousands)
	Second Quarter								Second Quarter Year to Date
	2026				2025				2026				2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(116,006	)		$	(103,975	)		$	(136,631	)		$	(123,638	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization		11,149				11,020				26,560				22,447
Deferred income taxes		(183	)			(445	)			(23	)			(1,116	)
Equity in net loss of equity-method investees		133				588				306				743
Stock-based compensation, net		1,051				3,573				3,054				6,449
Goodwill impairment		119,908				91,267				119,908				91,267
Intangibles and long-lived asset impairment		11,917				17,986				11,917				18,017
(Gain) loss on sale of assets		(1,142	)			(1,626	)			(2,028	)			2,308
Other non-cash items, net		1,100				(1,583	)			1,332				(498	)
(Decrease) increase in cash attributable to changes in operating assets and liabilities:
Accounts receivable		(3,882	)			2,467				(19,589	)			(1,459	)
Inventories		15,757				1,691				31,967				3,973
Other current assets		(29,023	)			(5,211	)			(33,126	)			(7,682	)
Other assets and liabilities		(291	)			(669	)			(3,149	)			(90	)
Accounts payable and accrued expenses		26,480				15,822				27,990				9,397
Net cash provided by operating activities		36,968				30,905				28,488				20,118
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment		(6,988	)			(6,382	)			(12,215	)			(12,139	)
Proceeds from sale of assets		1,769				1,701				1,782				13,767
Investments and joint ventures, net		-				2,570				-				2,570
Net cash (used in) provided by investing activities		(5,219	)			(2,111	)			(10,433	)			4,198
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings under bank revolving credit facility		45,000				50,000				113,000				109,000
Repayments under bank revolving credit facility		(55,000	)			(60,000	)			(109,500	)			(121,000	)
Repayments under term loan		(1,875	)			(1,875	)			(3,750	)			(3,750	)
Payments of other debt, net		(98	)			(21	)			(2,609	)			(42	)
Employee shares withheld for taxes		(273	)			(956	)			(343	)			(1,258	)
Net cash used in financing activities		(12,246	)			(12,852	)			(3,202	)			(17,050	)
Effect of exchange rate changes on cash		628				(16,595	)			(1,191	)			(5,373	)
Net increase (decrease) in cash and cash equivalents		20,131				(653	)			13,662				1,893
Cash and cash equivalents at beginning of period		47,886				56,853				54,355				54,307
Cash and cash equivalents at end of period	$	68,017			$	56,200			$	68,017			$	56,200

THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES
Net Sales, Gross Profit and Adjusted EBITDA by Segment
(unaudited and in thousands)
	North America				International				Corporate/Other				Hain Consolidated
Net Sales
Net sales - Q2 FY26	$	197,821			$	186,299			$	-			$	384,120
Net sales - Q2 FY25	$	229,289			$	182,196			$	-			$	411,485
% change - FY26 net sales vs. FY25 net sales		(13.7	)%			2.3	%							(6.7	)%
Gross Profit
Q2 FY26
Gross profit	$	40,749			$	33,690			$	-			$	74,439
Non-GAAP adjustments(1)		419				-				-				419
Adjusted gross profit	$	41,168			$	33,690			$	-			$	74,858
% change - FY26 gross profit vs. FY25 gross profit		(28.4	)%			(7.8	)%							(20.3	)%
% change - FY26 adjusted gross profit vs. FY25 adjusted gross profit		(28.8	)%			(7.8	)%							(20.6	)%
Gross margin		20.6	%			18.1	%							19.4	%
Adjusted gross margin		20.8	%			18.1	%							19.5	%
Q2 FY25
Gross profit	$	56,926			$	36,526			$	-			$	93,452
Non-GAAP adjustments(1)		858				-				-				858
Adjusted gross profit	$	57,784			$	36,526			$	-			$	94,310
Gross margin		24.8	%			20.0	%							22.7	%
Adjusted gross margin		25.2	%			20.0	%							22.9	%
Adjusted EBITDA
Q2 FY26
Adjusted EBITDA	$	10,911			$	18,998			$	(5,627	)		$	24,282
% change - FY26 Adjusted EBITDA vs. FY25 Adjusted EBITDA		(56.9	)%			(15.7	)%			43.4	%			(35.9	)%
Adjusted EBITDA margin		5.5	%			10.2	%							6.3	%
Q2 FY25
Adjusted EBITDA	$	25,307			$	22,526			$	(9,940	)		$	37,893
Adjusted EBITDA margin		11.0	%			12.4	%							9.2	%
(1)See accompanying table "Adjusted Gross Profit, Adjusted Operating Income, Adjusted Net (Loss) Income and Adjusted Net (Loss) Income per Diluted Share"

THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES
Net Sales, Gross Profit and Adjusted EBITDA by Segment
(unaudited and in thousands)
	North America				International				Corporate/Other				Hain Consolidated
Net Sales
Net sales - Q2 FY26 YTD	$	401,741			$	350,262			$	-			$	752,003
Net sales - Q2 FY25 YTD	$	460,429			$	345,652			$	-			$	806,081
% change - FY26 net sales vs. FY25 net sales		(12.7	)%			1.3	%							(6.7	)%
Gross Profit
Q2 FY26 YTD
Gross profit	$	83,163			$	59,354			$	-			$	142,517
Non-GAAP adjustments(1)		4,208				-				-				4,208
Adjusted gross profit	$	87,371			$	59,354			$	-			$	146,725
% change - FY26 gross profit vs. FY25 gross profit		(20.2	)%			(16.2	)%							(18.6	)%
% change - FY26 adjusted gross profit vs. FY25 adjusted gross profit		(17.1	)%			(16.2	)%							(16.8	)%
Gross margin		20.7	%			16.9	%							19.0	%
Adjusted gross margin		21.7	%			16.9	%							19.5	%
Q2 FY25 YTD
Gross profit	$	104,210			$	70,852			$	-			$	175,062
Non-GAAP adjustments(1)		1,187				-				-				1,187
Adjusted gross profit	$	105,397			$	70,852			$	-			$	176,249
Gross margin		22.6	%			20.5	%							21.7	%
Adjusted gross margin		22.9	%			20.5	%							21.9	%
Adjusted EBITDA
Q2 FY26 YTD
Adjusted EBITDA	$	27,920			$	31,553			$	(15,459	)		$	44,014
% change - FY26 Adjusted EBITDA vs. FY25 Adjusted EBITDA		(26.1	)%			(26.4	)%			24.2	%			(27.0	)%
Adjusted EBITDA margin		6.9	%			9.0	%							5.9	%
Q2 FY25 YTD
Adjusted EBITDA	$	37,766			$	42,896			$	(20,394	)		$	60,268
Adjusted EBITDA margin		8.2	%			12.4	%							7.5	%
(1)See accompanying table "Adjusted Gross Profit, Adjusted Operating Income, Adjusted Net (Loss) Income and Adjusted Net (Loss) Income per Diluted Share"

THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES
Adjusted Gross Profit, Adjusted Operating Income, Adjusted Net (Loss) Income and Adjusted Net (Loss) Income per Diluted Share
(unaudited and in thousands, except per share amounts)
Reconciliation of Gross Profit, GAAP to Gross Profit, as Adjusted:
	Second Quarter								Second Quarter Year to Date
	2026				2025				2026				2025
Gross profit, GAAP	$	74,439			$	93,452			$	142,517			$	175,062
Adjustments to Cost of sales:
Plant closure related costs, net		419				858				4,208				1,187
Gross profit, as adjusted	$	74,858			$	94,310			$	146,725			$	176,249
Reconciliation of Operating Loss, GAAP to Operating Income, as Adjusted:
	Second Quarter								Second Quarter Year to Date
	2026				2025				2026				2025
Operating loss, GAAP	$	(98,822	)		$	(91,899	)		$	(105,687	)		$	(88,846	)
Adjustments to Cost of sales:
Plant closure related costs, net		419				858				4,208				1,187
Adjustments to Operating expenses(a):
Goodwill impairment		119,908				91,267				119,908				91,267
Intangibles and long-lived asset impairment		11,917				17,986				11,917				18,017
Productivity and transformation costs		5,234				4,190				13,453				9,208
Transaction and integration costs, net		1,009				(105	)			3,182				(423	)
Plant closure related costs, net		101				-				148				47
Certain litigation expenses, net(b)		(182	)			1,020				645				1,847
Proceeds from insurance claim(c)		(25,900	)			-				(25,900	)			-
Operating income, as adjusted	$	13,684			$	23,317			$	21,874			$	32,304
Reconciliation of Net Loss, GAAP to Net (Loss) Income, as Adjusted:
	Second Quarter								Second Quarter Year to Date
	2026				2025				2026				2025
Net loss, GAAP	$	(116,006	)		$	(103,975	)		$	(136,631	)			(123,638	)
Adjustments to Cost of sales:
Plant closure related costs, net		419				858				4,208				1,187
Adjustments to Operating expenses(a):
Goodwill impairment		119,908				91,267				119,908				91,267
Intangibles and long-lived asset impairment		11,917				17,986				11,917				18,017
Productivity and transformation costs		5,234				4,190				13,453				9,208
Transaction and integration costs, net		1,009				(105	)			3,182				(423	)
Plant closure related costs, net		101				-				148				47
Certain litigation expenses, net(b)		(182	)			1,020				645				1,847
Proceeds from insurance claim(c)		(25,900	)			-				(25,900	)			-
Adjustments to Interest and other expense, net(d):
(Gain) loss on sale of assets		(1,142	)			(1,626	)			(2,028	)			2,308
Unrealized currency losses (gains)		139				(1,624	)			404				(430	)
Adjustments to Provision for income taxes:
Net tax impact of non-GAAP adjustments		1,768				(485	)			717				4,308
Net (loss) income, as adjusted	$	(2,735	)		$	7,506			$	(9,977	)			3,698
Net loss margin		(30.2	)%			(25.3	)%			(18.2	)%			(15.3	)%
Adjusted net (loss) income margin		(0.7	)%			1.8	%			(1.3	)%			0.5	%
Diluted shares used in the calculation of net loss per common share:		90,655				90,132				90,482				89,997
Diluted shares used in the calculation of adjusted net (loss) income per common share:		90,655				90,392				90,482				90,233
Diluted net loss per common share, GAAP	$	(1.28	)		$	(1.15	)		$	(1.51	)		$	(1.37	)
Diluted net (loss) income per common share, as adjusted	$	(0.03	)		$	0.08			$	(0.11	)		$	0.04
(a)Operating expenses include amortization of acquired intangibles, selling, general and administrative expenses, goodwill impairment, intangibles and long-lived asset impairment and productivity and transformation costs.
(b)Expenses and items relating to securities class action, baby food litigation and SEC investigation.
(c)Represents a receivable under the Company's representation and warranty insurance related to one of its prior acquisitions, which was collected on January 2, 2026.
(d)Interest and other expense, net includes interest and other financing expenses, net, (gain) loss on sale of assets, unrealized currency losses (gains) and other expense, net.

THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES
Organic Net Sales Growth by Segment
(unaudited and in thousands)
Q2 FY26	North America				International				Hain Consolidated
Net sales	$	197,821			$	186,299			$	384,120
Less: Impact of held for sale businesses, discontinued brands and exited product categories		12,704				780				13,484
Less: Impact of foreign currency exchange		89				8,947				9,036
Organic net sales	$	185,028			$	176,572			$	361,600
Q2 FY25
Net sales	$	229,289			$	182,196			$	411,485
Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories		22,932				785				23,717
Organic net sales	$	206,357			$	181,411			$	387,768
Net sales (decline) growth		(13.7	)%			2.3	%			(6.7	)%
Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories		(3.4	)%			0.1	%			(2.2	)%
Less: Impact of foreign currency exchange		0.0	%			4.9	%			2.2	%
Organic net sales decline		(10.3	)%			(2.7	)%			(6.7	)%
Q2 FY26 YTD	North America				International				Hain Consolidated
Net sales	$	401,741			$	350,262			$	752,003
Less: Impact of held for sale businesses, discontinued brands and exited product categories		31,851				1,692				33,543
Less: Impact of foreign currency exchange		(69	)			15,662				15,593
Organic net sales	$	369,959			$	332,908			$	702,867
Q2 FY25 YTD
Net sales	$	460,429			$	345,652			$	806,081
Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories		54,699				2,051				56,750
Organic net sales	$	405,730			$	343,601			$	749,331
Net sales (decline) growth		(12.7	)%			1.3	%			(6.7	)%
Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories		(3.9	)%			(0.1	)%			(2.4	)%
Less: Impact of foreign currency exchange		(0.0	)%			4.5	%			1.9	%
Organic net sales decline		(8.8	)%			(3.1	)%			(6.2	)%

THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES
Organic Net Sales Growth by Category
(unaudited and in thousands)
Q2 FY26	Snacks				Baby & Kids				Beverages				Meal Prep				Personal Care				Hain Consolidated
Net sales	$	71,851			$	53,590			$	74,533			$	172,264			$	11,882			$	384,120
Less: Impact of held for sale businesses, discontinued brands and exited product categories		216				(5	)			-				1,391				11,882				13,484
Less: Impact of foreign currency exchange		269				965				2,924				4,878				-				9,036
Organic net sales	$	71,366			$	52,630			$	71,609			$	165,995			$	-			$	361,600
Q2 FY25
Net sales	$	89,707			$	61,561			$	69,814			$	177,653			$	12,750			$	411,485
Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories		587				251				-				10,129				12,750				23,717
Organic net sales	$	89,120			$	61,310			$	69,814			$	167,524			$	-			$	387,768
Net sales (decline) growth		(19.9	)%			(12.9	)%			6.8	%			(3.0	)%			(6.8	)%			(6.7	)%
Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories		(0.3	)%			(0.3	)%			(0.0	)%			(4.8	)%		n/a					(2.2	)%
Less: Impact of foreign currency exchange		0.3	%			1.6	%			4.2	%			2.7	%		n/a					2.2	%
Organic net sales (decline) growth		(19.9	)%			(14.2	)%			2.6	%			(0.9	)%		n/a					(6.7	)%
Q2 FY26 YTD	Snacks				Baby & Kids				Beverages				Meal Prep				Personal Care				Hain Consolidated
Net sales	$	151,866			$	109,382			$	134,107			$	331,886			$	24,762			$	752,003
Less: Impact of held for sale businesses, discontinued brands and exited product categories		400				(4	)			-				8,385				24,762				33,543
Less: Impact of foreign currency exchange		473				1,875				4,784				8,461				-				15,593
Organic net sales	$	150,993			$	107,511			$	129,323			$	315,040			$	-			$	702,867
Q2 FY25 YTD
Net sales	$	189,182			$	122,329			$	126,490			$	337,045			$	31,035			$	806,081
Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories		3,904				782				-				21,029				31,035				56,750
Organic net sales	$	185,278			$	121,547			$	126,490			$	316,016			$	-			$	749,331
Net sales (decline) growth		(19.7	)%			(10.6	)%			6.0	%			(1.5	)%			(20.2	)%			(6.7	)%
Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories		(1.5	)%			(0.6	)%			(0.0	)%			(3.7	)%		n/a					(2.4	)%
Less: Impact of foreign currency exchange		0.3	%			1.5	%			3.8	%			2.5	%		n/a					1.9	%
Organic net sales (decline) growth		(18.5	)%			(11.5	)%			2.2	%			(0.3	)%		n/a					(6.2	)%

THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES
Adjusted EBITDA
(unaudited and in thousands)
	Second Quarter								Second Quarter Year to Date
	2026				2025				2026				2025
Net loss	$	(116,006	)		$	(103,975	)		$	(136,631	)		$	(123,638	)
Depreciation and amortization		11,149				11,020				26,560				22,447
Equity in net loss of equity-method investees		133				588				306				743
Interest expense, net		14,066				11,993				27,208				24,988
Provision for income taxes		2,386				2,728				1,130				6,251
Stock-based compensation, net		1,051				3,573				3,054				6,449
Unrealized currency losses (gains)		139				(1,624	)			404				(430	)
Proceeds from insurance claim(a)		(25,900	)			-				(25,900	)			-
Certain litigation expenses, net(b)		(182	)			1,020				645				1,847
Restructuring activities
Productivity and transformation costs		5,234				4,190				13,453				9,208
Plant closure related costs, net		520				858				806				1,234
Acquisitions, divestitures and other
Transaction and integration costs, net		1,009				(105	)			3,182				(423	)
(Gain) loss on sale of assets		(1,142	)			(1,626	)			(2,028	)			2,308
Impairment charges
Goodwill impairment		119,908				91,267				119,908				91,267
Intangibles and long-lived asset impairment		11,917				17,986				11,917				18,017
Adjusted EBITDA	$	24,282			$	37,893			$	44,014			$	60,268
(a)Represents a receivable under the Company's representation and warranty insurance related to one of its prior acquisitions, which was collected on January 2, 2026.
(b)Expenses and items relating to securities class action, baby food litigation and SEC investigation.

THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES
Free Cash Flow
(unaudited and in thousands)
	Second Quarter								Second Quarter Year to Date
	2026				2025				2026				2025
Net cash provided by operating activities	$	36,968			$	30,905			$	28,488			$	20,118
Purchases of property, plant and equipment		(6,988	)			(6,382	)			(12,215	)			(12,139	)
Free cash flow	$	29,980			$	24,523			$	16,273			$	7,979

THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES
Net Debt
(unaudited and in thousands)
	December 31, 2025				June 30, 2025
Debt
Current portion of long-term debt	$	704,315			$	7,653
Long-term debt, less current portion		388				697,168
Total debt		704,703				704,821
Less: Cash and cash equivalents		68,017				54,355
Net debt	$	636,686			$	650,466

FAQ

What were HAIN's fiscal Q2 2026 net sales and organic growth (Nasdaq: HAIN)?

HAIN reported fiscal Q2 2026 net sales of $384 million, a 7% decline year-over-year. According to the company, organic net sales also decreased 7%, driven by a 9-point volume/mix decline partially offset by a 2-point pricing benefit.

How did HAIN's cash flow and free cash flow perform in Q2 FY26 (HAIN)?

HAIN generated $37 million of operating cash flow in Q2 FY26, a 20% increase year-over-year. According to the company, free cash flow was $30 million, reflecting improved cash delivery amid ongoing portfolio and cost actions.

What drove HAIN's reported net loss in fiscal Q2 2026 (Nasdaq: HAIN)?

The company reported a net loss of $116 million in Q2 FY26, which included $132 million of pre-tax non-cash impairment charges. According to the company, impairments related to goodwill and certain intangible assets materially affected the GAAP loss.

What happened to HAIN's margins and adjusted EBITDA in Q2 FY26 (HAIN)?

Gross profit margin fell to 19.4%, down 330 basis points year-over-year, and adjusted EBITDA was $24 million. According to the company, margin pressure came from lower volume/mix, cost inflation, and unfavorable fixed-cost absorption.

How did HAIN's North America segment perform in fiscal Q2 2026 (Nasdaq: HAIN)?

North America organic net sales declined 10% in Q2 FY26, driven by snacks and baby formula weakness. According to the company, segment adjusted EBITDA fell to $11 million from $25 million, reflecting lower gross margins.

What is the impact of HAIN's North American snack divestiture on the company (HAIN)?

The divestiture of the North American snack business is intended to provide greater financial flexibility and improve margin profile. According to the company, the sale supports balance sheet strength and cash flow while simplifying the portfolio.