US natural and organic food company Hain Celestial has reported a rise in second-quarter net income and said its sales had been strong throughout the business.
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The company reported net income of US$10.7m, or 29 cents per share, for the second quarter to 31 December, compared to $10.4m, or 29 cents per share, for the year-ago period.
Sales increased to a record $169.8m, an increase of 19% from $142.8m in the prior year quarter.
“We are pleased with our strong sales throughout our business, and especially in the Celestial Seasonings, Terra Chips, Earth’s Best and Imagine brands, Hain Celestial’s brands in Canada, as well as in our European businesses,” said Irwin Simon, president and CEO.
“After operating our frozen business with Ethnic Gourmet and Rosetto and our personal care business with Jason for two full quarters, we are seeing the benefits of the integration of these businesses and their contributions, which we expect to continue into the second half of 2005,” Simon added.
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By GlobalDataThe company confirmed its full-year earnings guidance of 92 cents to $1.0l per share on revenues of $650 to $670m.
“Although our price increase was accepted by our customers and our operations group did a great job in managing costs, we continue to be impacted by the higher cost of fuel, freight and some commodity pricing,” Simon said.
