Hain Celestial has reiterated the financial guidance for its fiscal year after reporting second-quarter results.
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The US natural and organics group yesterday (4 February) forecast annual sales of US$1.025-1.050bn and earnings per share of $1.38-1.42.
The forecast came as Hain Celestial posted a 20% rise in second-quarter net sales to $276.2m for the three months to 31 December. Net income was up 10%, reaching $14.2m.
Underlying net income reached $17.9m, once Hain Celestial had stripped out manufacturing costs linked to its Fakenham facility in the UK, as well as costs from the company’s recently-completed review into share option practices.
President and CEO Irwin Simon said: “The diversity of our business-in various product categories, with strong sales from our United States, Canadian and European operations as well as in expanded distribution channels-continues to drive the growth of our sales and earnings.”
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