What Hain Celestial Group, Inc. told the SEC could break it.

Hain's food and beverage products depend on agricultural commodities — vegetables, fruits, oils, grains, beans, nuts, tea, herbs, spices and dairy — sourced from various global suppliers, exposing it to input price and availability swings.

“Agricultural commodities and ingredients, including vegetables, fruits, oils, grains, beans, nuts, tea and herbs, spices, and dairy products, are the principal inputs used in our food and beverage products.”

A significant percentage of Hain's sales is concentrated among a small number of customers, with Walmart and affiliates alone ~18% of consolidated sales — loss or reduced demand from a major customer would materially affect results.

“A significant percentage of our sales is concentrated among a small number of customers.”

With ~50% of fiscal 2025 sales outside the US (primarily GBP, EUR and CAD), Hain has significant foreign-currency exposure; FX moves materially affect sales and operating income.

“During fiscal 2025, approximately 50% of our consolidated net sales were generated from sales outside the U.S., while such sales outside the U.S. were 46% of net sales in fiscal 2024 and 43% of net sales in fiscal 2023. These revenues, along with related expenses and capital purchases, were conducted primarily in British Pounds Sterling, Euros and Canadian Dollars.”

About 50% of Hain's sales are outside the US; its non-US operations face tariffs, quotas, trade barriers, sanctions and import/export licensing risk.

“Our non-U.S. sales and operations are subject to risks inherent in conducting business abroad, many of which are outside our control, including: tariffs, quotas, trade barriers or sanctions, other trade protection measures and import or export licensing requirements imposed by governments that might negatively affect our”