Hain Celestial misses targets as it drops smaller products
While domestic sales kept them from achieving their targets, thanks to international sales, Hain Celestial was still able to pull off 7.5% overall growth.
It seems that Hain Celestial anticipated a slower quarter, especially in the U.S. After all, the company noted in its earnings report that it expected to see a drop in U.S. sales as it continues Project Terra — the manufacturer’s name for its SKU rationalization project. Hain Celestial is hoping to concentrate on its top 500 products in the U.S., a move intended to increase its margins in the long run, the report states.