The Hain Celestial Group reported a seasonally modest QQ1 2025 with a 5% organic net sales decline and a net loss as the company continues to execute the Hain Reimagined program. Management reaffirmed FY2025 guidance and highlighted progress across the four pillars—Focus (portfolio simplification and North America operating model redesign), Fuel (productivity, revenue growth management, and working capital optimization), Build (channel expansion and e-commerce), and Innovation (new product introductions and master brand campaigns). Despite a difficult first quarter driven by promotional timing shifts in Snacks, supply disruptions in Earth’s Best infant formula, and lingering cost pressures, Hain projects a back-half acceleration driven by the reinstated infant formula supply, promotional activity shifts, and broader distribution gains. Free cash flow is expected to improve with productivity and working capital improvements, supporting debt reduction. The combination of stabilized operations, improving gross margins, and a disciplined capital allocation plan underpins a cautiously constructive view, though execution risk and macro headwinds remain meaningful headwinds to sustained profitability.