Why Hain Celestial Stock Soared Today
HAINHain Celestial(HAIN) The Motley Fool·2024-08-28 04:02

Shares of the packaged-food company jumped on signs of a turnaround. Shares of Hain Celestial (HAIN 18.59%) were jumping today after the packaged-food company posted betterthan-expected results in its fiscal fourth-quarter earnings report. As of 2:57 p.m. EDT, the stock was up 21.2% on the news. Hain's profitability initiatives are paying off The maker of Celestial Seasonings tea and other products actually missed revenue estimates in the quarter, reporting a revenue decline of 6% to $418.8 million, which m ...