Hain Celestial today (18 August) posted fourth-quarter earnings that met Wall Street forecasts, with the US group's outlook for its new financial year also within analyst estimates.

The company, which owns brands like Earth's Best in the US and Hartley's in the UK, booked adjusted earnings per diluted share of $0.55 for the three months to the end of June, a 22% increase year-on-year and in-line with analyst forecasts. Adjusted net income, which stripped out items including integration costs and a tax benefit, was $57.2m, a 24% increase on the corresponding period a year earlier.

Hain Celestial said it saw "record" net sales in the fourth quarter, up 20% at $698.1m. Analysts estimated the group's top line would $694.7m in the quarter.

Fourth-quarter sales were helped by increases from Hain Celestial's US division and new unit Hain Pure Protein, formed through two deals made during the year. However, sales in the UK were down almost 8%.

The fourth-quarter results contributed to record annual net sales and earnings per share, Hain Celestial said. Full-year net sales reached $2.69bn, a 25% increase on the previous year. The company's full-year adjusted net income grew 22% to $193.9m, or $1.88 a share an 18% increase.

The company forecast 2015/16 net sales would rise 10-15% to $2.97- $3.11bn. It estimates earnings will range from $2.11 to $2.26 per diluted share, an increase of 12% to 20% on the year.

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