Blog: Hain Celestial CEO characteristically jovial
Katy Askew | 20 August 2014
Hain Celestial founder, president and CEO Irwin Simon is not one to maintain a stony face when discussing his company's performance. This morning's (20 August) conference call was no exception.
"Wow! What a performance this company has made," the chief executive enthused as he discussed Hain's 2014 results and 2015 outlook with analysts.
And Simon has good reason to be upbeat, with Hain posting a bumper set of sales and strong profit growth in a year that the company also completed a number of strategic acquisitions.
Indeed, acquisitions and growing distribution have been key levers for Hain's success over recent years. As Simon reflected: "We've successfully completed ten acquisitions over the last four years. I've integrated each of them and then carefully have invested behind the growth, the consumer awareness and increased consumption."
And despite this shopping spree, Hain has maintained a "strong" balance sheet and retains the financial flexibility to pursue future "strategic opportunities" as they present themselves, the chief executive continued.
The company is also feeling the wind in its sails from growing demand for health and wellness products across its markets.
"We continue to be better positioned than ever before with the right people, brands, global infrastructure to drive sales and earnings growth for at least the next several years. As I said before, and we all know it to be true, healthy eating is not a trend or fad but increasingly to be a major part of our lives."
With all this in its favour, no wonder Simon is optimistic as he looks to the future.
Companies: Hain Celestial
The UK's Serious Fraud Office has launched an investigation into the GBP263m (US$424.6m) black hole in Tesco's accounts, the retailer confirmed today (29 October)....
A mobile app that claims to be the "most comprehensive food-rating database available" to US consumers has raised the hackles of the country's food manufacturers....
Just weeks after announcing a purchasing tie-up in France with local rival Systeme U, Auchan has outlined an international agreement with Germany's Metro Group....
Tesco has reported a massive 92% drop in first half profits as the accounting fiasco continues to widen....
- Why data is key to shopper satisfaction
- On the money: Spreads, ice cream top Unilever woes
- Interview: Premier sets sights overseas
- Short-termism decides Chiquita's future
- Sustainability Watch: Roberto Ciati, Barilla
- Glanbia chairman to step down
- General Mills to launch "Ancient Grains" Cheerios
- Hershey lowers FY sales, earnings forecasts
- Mondelez evaluating Oreo production in Morocco
- Kellogg earnings beat forecast but sales pressured
- Supermarkets in China
- The Future of Retailing in the UK to 2017
- Pubs & Bars in the UK - Industry Market Research Report
- Consumer Trends Analysis: Understanding Consumer Trends and Drivers of Behavior in the Chinese Confectionery Food Market
- Kerry Group plc - SWOT, Strategy and Corporate Finance Report