The segment generated about 3% of the company’s net sales during its most recent quarter, with the majority of its business coming from snacks, beverages and meal prep.

Hain Celestial is forecasting its annual sales will decline after a second quarter that missed the US group’s expectations.

Hain Celestial Group widened its loss in its second quarter as challenges in its snacks business dragged down results. The tea and snack maker widened its loss to about $104 million, or $1.15 a share, ...