Financial News

Hain Celestial’s Sales Decline

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By: TOM BRANNA

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Hain Celestial reported a 1% decline in FY 2017 sales to $2.85 billion, which the company blamed, in part, on exchange rates. Things were worse closer to home. Hain Celestial US sales fell 5% to $1.2 billion, but that includes a $60.0 million impact from inventory realignment of certain customers and product rationalization and $14.0 million in foreign exchange movements driven by the Ella’s Kitchen brand, which will be reported in the UK segment going forward. Company executives noted that a co...

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