LAKE SUCCESS, N.Y. — The Hain Celestial Group, Inc. on Nov. 4 said it has been granted its request for a Nasdaq extension for filing its fiscal 2016 annual report. The company now has until Feb. 27, 2017, to file its periodic reports with the Securities and Exchange Commission.
Hain Celestial on Aug. 16 delayed the release of its fourth-quarter and full-year financial results. Separately, the company said at the time that it did not expect to achieve its previously announced guidance for fiscal 2016.
Following the announcements in August, the company’s stock took a hit, plunging 26% in overnight trading. On Nov. 4, the company’s stock opened at $35.55, well off from its 52-week high of $56.99 and narrowly above its 52-week low of $33.12.“The company and the audit committee of the company’s board of directors are continuing to work diligently to complete the previously announced independent review and audit process relating to the 2016 fiscal year such that the company is in a position to file its annual report on Form 10-K for the fiscal year ended June 30, 2016, with the S.E.C. as soon as possible and to thereby evidence compliance with the rule,” Hain Celestial said on Nov. 4.