Hain Celestial Shares Rise on Debt Reduction From Divestiture

Dow Jones05-12
 

By Katherine Hamilton

 

Hain Celestial shares rose after the company said its divestiture of its North American snacks business is allowing it to pay off debt and boost margins.

The stock climbed 11% to 73 cents a share on Monday. The stock is still down 31% this year.

The organic food maker said it reduced debt by $155 million in the fiscal third quarter, thanks in part to the completion of the divestiture.

Hain expects the divestiture to raise its gross margin to above 30% and boost its margin for earnings before interest, taxes, depreciation and amortization to the low double digits.

Hain also expects to drive further growth in gross and earnings margins through fiscal 2027.

 

Write to Katherine Hamilton at katherine.hamilton@wsj.com

 

(END) Dow Jones Newswires

May 11, 2026 13:16 ET (17:16 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment