US natural foods producer Hain Celestial has posted a rise in quarterly profit, boosted by higher demand for organic and natural foods.
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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.
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