Maxim Group Downgrades Hain Celestial (HAIN) to Hold
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Hain Celestial (HAIN) to Delay Q4 Earnings; Evaluating Internal Control
August 15, 2016 5:01 PM EDT(Updated - August 15, 2016 5:02 PM EDT)
The Hain Celestial Group, Inc. (NASDAQ: HAIN) announced today that it will delay the release of its fourth quarter and fiscal year 2016 financial results. During the fourth quarter, the Company identified concessions that were granted to certain distributors in the United States. The Company is currently evaluating whether the revenue associated with those concessions was accounted for in the correct period and is also currently evaluating its internal control over financial reporting. The Audit Committee of the Company's Board of Directors is... More
