Hain Celestial saw fourth-quarter profits more than double as demand for natural and organic products and the impact of recent acquisitions drove sales.
The US company said yesterday (23 August) that net income reached US$12.8m for the three months to the end of June, compared to $6.7m a year earlier. Operating income leapt from $12.8m to $27.7m. Net sales increased 31.1% to $292m.
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The results meant Hain Celestial finished with a rise in profits and sales over its full financial year. Net income increased to $55m from $28.6m a year earlier. Operating income was up 50% to $106.7m. Net sales climbed 23.2% to $1.13bn.
“Our fourth-quarter results complete a strong year across our business with solid top- and bottom-line performance by the Company,” president and CEO Irwin Simon said.
“Indications are that despite ongoing challenges in the economy, consumers continue to seek out healthful products from our natural and organic brands.”
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