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The Hain Celestial Group has reported a net loss of $531 million in its fiscal year 2025 financial results, and plans to “aggressively” streamline its portfolio as part of an ongoing turnaround plan.

The food and beverage giant – which owns brands such as Garden Veggie Snacks, Ella’s Kitchen, Hartley’s and Natumi – saw a 10% sales decrease year-over-year for the fiscal year ended 30 June 2025.

Its $531 million net loss marked a significant jump from the previous year, in which it reported a net loss of $75 million.

Alison Lewis, interim president and CEO, said the company’s performance for the year and fourth quarter did not meet expectations. The group is now taking “decisive action” to optimise cash, deleverage its balance sheet, stabilise sales and improve profitability, she confirmed.

“By rapidly resetting our cost structure to better align with the current business, we are creating greater financial flexibility,” Lewis said. “With this reset, we are implementing a leaner, more nimble regional operating model that prioritises speed, simplicity and impact over global infrastructure.”

Commenting on the group’s ongoing turnaround strategy, Lewis said Hain Celestial will accelerate innovation, implement pricing along with revenue growth management, drive productivity and working capital efficiency, and enhance digital capabilities in addition to streamlining its portfolio.

“We are swiftly taking action to stabilise our business while delivering cash and repaying debt, strengthening our financial health,” she concluded.

In the fiscal fourth quarter, net sales for the business were down $363 million, a 13% decrease year-over-year. Gross profit margin and adjusted gross profit margin were 20.5%, each a 290-basis point decrease from the prior year period.

The latest disappointing results follow a sustained period of financial challenges for the business, which had already initiated a strategic review of its portfolio earlier in the year with the assistance of Goldman Sachs & Co, aiming to maximise the company’s assets and maximise shareholder value.

Interim president Lewis stepped into the role in May 2025 following the departure of former CEO Wendy Davidson. Her departure marked a pivotal moment for the business amid its international turnaround plan, with board chair Dawn Zier describing it as “the right time to transition to new leadership”.