Why Is Hain Celestial Looking to Divest Its Hain Protein Segment?

At the fiscal 2Q18 earnings call, Hain Celestial’s CEO, Irwin Simon, noted that despite building a great business, there had been limitations to the Pure Protein segment’s growth. In fiscal 2Q18, Hain Pure Protein sales rose 4.0% to $159 million, and its adjusted operating income rose 256.0% to $12.6 million. The operational effectiveness achieved across its segments helped the company reduce its operating expenses, leading to improved operating income.