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Current Position:Home » News » Processed Foods » Bakery & Cereals » Topic

Hain Celestial sales up in fourth quarter

Zoom in font  Zoom out font Published: 2014-08-27  Views: 88
Core Tip: Hain Celestial Group has reported strong fourth-quarter and fiscal-year sales and higher profits, mainly aided by distribution gains, new products and international acquisitions.
Hain Celestial Group has reported strong fourth-quarter and fiscal-year sales and higher profits, mainly aided by distribution gains, new products and international acquisitions.

Net sales for the fourth quarter ended 30 June totaled $583.83m, an increase of 26%, as against $463.47m in the same quarter a year ago.

The organic and natural products company, with brands including Celestial Seasonings, Earth's Best, Terra and Spectrum, noted that US net sales grew 13.2% from last year to $323m.

Worldwide net sales for fiscal 2014 were $2.154bn, an increase of 24.2%, compared to $1.735bn in the prior year.

The company's net income for the fourth quarter rose to $35.72m from $25.93m in the corresponding period in 2013.

Hain Celestial Group founder and CEO Irwin Simon said: "Our business continues to benefit from strong growth trends in the organic and natural, better-for-you segment of consumer packaged goods."

In fiscal 2015, Hain expects its revenue would be in the range of $2.73bn to $2.80bn.

During the fiscal year, Hain completed acquisitions of Tilda, a basmati and specialty rice products company based in the UK, and Rudi's Organic Bakery, an organic and gluten-free bread and baked goods company in Colorado.

Hain also introduced more than 200 products worldwide.

 
 
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