Pain From Toys ‘R’ Us Liquidation Spreads to Hain Celestial

The bankruptcy of the world’s largest toy retailer isn’t just causing headaches for toy companies: Organic food producer Hain Celestial Inc. is also feeling some pain. Hain, known for selling tea and snacks, included $897,000 of “bad debt” from Toys “R” Us as part of its adjusted profit numbers in its latest quarterly results, which were released early Tuesday. The bad debt was another hit for the company, which lowered its guidance and missed profit estimates amid higher freight and commodity costs and a larger marketing budget.