Hain Celestial with disappointing year-end results

The manufacturer of organic and natural products, Hain Celestial, suffered a significant loss in the fourth quarter. The company based in Hoboken, New Jersey, reported a loss of $272.6 million, which corresponds to a loss of $3.06 per share. However, after adjustments for impairments and pre-tax expenses, the loss amounted to 2 cents per share. These results fell short of Wall Street's expectations, as analysts had, on average, anticipated a profit of 4 cents per share, according to a survey by the research firm Zacks Investment Research. Hain Celestial also failed to meet revenue projections. The company achieved revenues of $363.3 million, whereas analysts had expected $375.4 million. For the entire year, the firm reported a loss of $530.8 million or $5.89 per share, on revenues of $1.56 billion. These figures highlight the challenges Hain Celestial currently faces in competing within a highly competitive market for organic and natural products.