US natural foods producer Hain Celestial has posted a rise in quarterly profit, boosted by higher demand for organic and natural foods.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The Melville, New York-based company reported profit of US$6.5m, or 19 cents a share, for the first quarter to 30 September, compared to $4.7m, or 14 cents a share, a year earlier. Analysts had been expecting earnings of 18 cents a share, reported Reuters.
Hain’s first-quarter sales rose 32% to $127.1m.
The company said it expects to earn between 95 cents and $1.03 per share for the full year, on revenue of $540m to $565m.

US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData