The Hain Celestial Group’s fiscal third quarter of 2025 (quarter ended 2025-03-31) delivered a material profits deterioration amid a 5% sequential decline in organic net sales and a $34 million adjusted EBITDA, more than 20% below the prior year, with net income of -$134.6 million and EPS of -$1.49. The quarter was characterized by a pronounced weakness in North America, especially Snacks and Earth’s Best formula, alongside inflationary pressure and higher trade investment that outpaced pricing actions. Management attributed the shortfall to four primary drivers within North America (Snacks underperformance, delayed Earth’s Best formula recovery, Celestial Seasonings’ tea season, and pricing/trade-inflation dynamics), while noting improvements in International organic net sales, and ongoing productivity savings that partially offset headwinds. In response, the Board launched a formal strategic portfolio review and appointed Alison Lewis as interim CEO, signaling a top-line and margin re-acceleration plan centered on five levers: simplify the business, renovate and innovate brands, implement revenue growth management (RGM) and pricing actions, boost productivity and working capital efficiency, and strengthen digital capabilities. The company also disclosed material transformation charges totaling $83 million year-to-date, with the transformation program expected to be $115–$125 million by fiscal 2027, excluding future inventory write-downs. Looking ahead, the company guided for fiscal 2025 organic net sales down ~5% to 6% with adjusted EBITDA around $125 million and gross margin near 21.5%; free cash flow around $40 million, indicating a still-challenging near-term environment but with a path to margin expansion through the five strategic levers and potential portfolio realignment. Investors will be monitoring the portfolio review outcome, pricing execution improvements, and the pace of deleveraging as working capital improvements and operating efficiency efforts unfold.