Hain Celestial Targets $16 Million in SG&A Savings Amid International Business Sale Delays
Hain Celestial Group (HAIN) has announced a strategic plan to achieve $16 million in annual SG&A run-rate savings, with full realization expected by the first half of fiscal 2028. This cost-cutting measure is part of a broader effort to optimize operations and improve margins. The company's international business sale remains uncertain following the failure of a key financing condition required for the transaction. CEO Alison Lewis noted that while the company continues to work toward completing the divestiture, the current delay introduces uncertainty regarding the timeline for the disposal of these assets.
Tickers: $HAIN
Topics: divestiture earnings call financing failure international business sale
Read the full article at Seeking Alpha
Part of the story Hain Celestial outlines $16M SG&A run-rate savings with full realization by H1 fiscal 2028 amid International sale uncertainty (2 articles)