Hain snapped up UK baby food firm Ellas Kitchen in May

Hain snapped up UK baby food firm Ella's Kitchen in May

Shares in Hain Celestial jumped in after-hours trading in New York after the US group reported an 11% increase in fourth-quarter profits and issued forecasts for the new financial year that were above analyst expectations.

The owner of Ella's Kitchen baby food and New Covent Garden soup posted a 10.9% rise in net income to US$25.9m for the three months to the end of June. Quarterly sales hit a "record" $463.5m, up 32.1%, as Hain Celestial's results again showed the impact of the recent acquisitions it has made.

The company issued forecasts for sales and earnings for its new financial year. It sees earnings per share increasing 16-20% to $2.95-3.05 and net sales up around 17% to $2.03-2.05bn.

Analysts surveyed by Thomson Reuters forecast earnings of $2.92 a share and sales of around $2bn.

Hain Celestial issued its release after the NASDAQ main trading session closed at 4pm ET. Its stock was up 7.34% in after-hours trading to $72.90.

Click here for Hain Celestial's comments on the year ahead and why it thinks it can boost profitability.

Click here for news on the company's UK business.

Click here for the full statement from Hain Celestial.