Hain Celestial, a US better-for-you food and drink maker, plans to reduce around 30% of its SKUs in North America, its largest market. Interim CEO Alison Lewis aims to streamline the portfolio to stabilize the business and improve efficiency. The company reported a $531m loss linked to an impairment charge, with a net loss of $21m in the first quarter. Sales dropped 7% to $368m, but adjusted EBITDA was positive at $20m. Despite the challenges, Hain Celestial is focusing on innovation to drive growth. CFO Lee Boyce refrained from providing full-year guidance due to strategic review uncertainty.

Read more at Yahoo Finance: Hain Celestial to cut 30% of North America SKUs under turnaround