View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 2, 2016

Hain Celestial lifted by international, protein 

Hain Celestial has booked improved second-quarter sales and earnings, boosted by the performance of its international and protein units. 

Hain Celestial has booked improved second-quarter sales and earnings, boosted by the performance of its international and protein units.

The company said net sales rose 8% in the three months to the end of December, rising to US$752.6m.  The group’s top line performance accelerated in the second quarter. For the first half, sales rose at the slightly slower pace of 7.1%.

Excluding currency exchange, second-quarter sales were up 11% thanks to an increase in revenue from its overseas and protein divisions of 12% and 21% on a constant-currency basis. The results were partially offset by a 4.7% drop in US sales during the three-month period.

Operating income stood at $87.7m, versus $74m a year ago. Adjusted for factors including M&A, restructuring and integration charges, second-quarter adjusted operating income reached $92.9m, against $87.4m a year earlier.

Adjusted operating margins dipped, falling from 12.5% to 12.3% a year ago. However, Hain Celestial did see this margin metric improve quarter on quarter. In the first three months of the year, its adjusted operating margin was 9.1%.

Net income increased to $56.9m in the quarter compared to $44.5m last year. For the half, net earnings increased to $88.2m versus $63.4m. 

Looking to the full year, Hain Celestial reaffirmed its forecast for sales of $2.9-3.04bn – up 7-12% – and for earnings of $1.95 to $2.10 per share, up 4-12%.

Last month, the Tilda rice and Ella’s Kitchen baby food owner cut its guidance for the year

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food