We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Hain Celestial Reports Q3 Loss Following Impairment Charge On ParmCrisps Snacks Line And Thinsters Cookie Brand

May 10, 2023: 12:00 AM EST
Hain Celestial, a better-for-you snacks company, has reported a Q3 loss following an impairment charge on its ParmCrisps snacks line and Thinsters cookie brand. The $156.6 million non-cash charge contributed to a net loss of $115.7 million for the quarter, against $24.5 million profit the previous year. Hain Celestial attributed the decline to distribution issues and a slowdown in the keto category for ParmCrisps, while also citing ‘softness’ in the North American snacks market affecting Thinsters and other segments of the business. Consequently, the company anticipates a 3-4 percent decline in sales for the year.
Simon Harvey, "Hain Celestial turns to loss on impairment charge linked to snacks", Just-food.com, May 10, 2023, © Verdict Media Limited
Market Segments
Savory Snacks
North America
United States of America
Business News
Companies, Organizations
Developed by Yuri Ingultsov Software Lab.