US natural and organic food company Hain Celestial has reported a 27% rise in quarterly earnings, boosted by increased consumer demand for natural and organic products.
The company posted net income of US$10.4m, or 29 cents per share, for the second quarter to 31 December, compared to $8.2m, or 24 cents per share, in the year-ago period. Revenues rose 16% year-on-year to $142.8m.
“Hain Celestial’s revenue and net income both reached record levels — the highest in our ten year history. Our results confirm the increase in our products’ popularity and in eating healthy generally, as well as our expansion into a wider range of distribution channels,” said CEO Irwin D. Simon.
The company backed its full-year earnings guidance of between 95 cents and $1.03 per share, and revenues of $540m-565m.