Hain Celestial revenue drops 13% as company completes strategic snacks exit

The Hain Celestial Group (NASDAQ:HAIN) posted net sales of $338 million for the third quarter of fiscal year 2026, a 13% decline compared to the prior-year period.

On an organic basis, which adjusts for the recent sale of its North American snacks unit to Snackruptors, net sales fell 6%.

The company reported a net loss of $106 million for the quarter.

This figure was heavily impacted by a $51 million loss associated with the snacks divestiture and $46 million in non-cash impairment charges.

Despite the GAAP loss, Hain generated significant liquidity, reporting $38 million in operating cash flow and $35 million in free cash flow.

This cash generation, paired with divestiture proceeds, allowed the company to reduce its total debt to $549 million, down from $705 million at the start of the year.

Adjusted EBITDA for the quarter was $26 million, reflecting the smaller, more concentrated footprint of the remaining business.

The company’s net secured leverage ratio improved materially, ending the period at 4.3x as Hain prioritizes financial discipline.