By Paulo Trevisani
Hain Celestial Group Inc. stated Thursday that foreign-exchange rates are most likely to harm lead to the existing quarter.
The Lake Success, N.Y., maker of natural items stated it anticipates adjusted profits prior to interest, taxes, devaluation and amortization to be "down low to mid single digits" in the 4th quarter, consisting of about 300 basis points of foreign-exchange headwind.
Hain reported $503 million net sales in the 3rd financial quarter, up from $493 million a year previously, consisting of a $7.3 million favorable effect from currency exchange.
In the International sector, the business reported a 14% decrease on net sales from a year previously, with forex minimizing them by 360 basis points.
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