Monday, August 24, 2015

Hain Celestial achieves record sales in 2015, Q4

Hain Celestial Group, a leading organic products company and parent company of poultry processor Hain Pure Protein, achieved record net sales for fiscal year 2015 and for the fourth quarter.
Hain Celestial, which has operations in North America, Europe and India, also recorded increases in adjusted net income for both periods.
The company’s net sales for the fourth quarter were $691 million, a 20 percent increase when compared to the same period during fiscal year 2014. Net sales for the fiscal year were $2.69 billion, an increase of 25 percent.
For the fourth quarter, Hain Celestial’s adjusted net income was $57.2 million, a 24 percent increase over the same quarter of 2014. It’s yearly adjusted net income for fiscal year 2015 was  $193.9 million, a 22 percent increase for the fiscal year.
The Hain Pure Protein segment in the fourth quarter reported net sales of $118.5 million, which includes the recently acquired Empire brand of kosher foods.
“We ended the year with record net sales and earnings growth fueled by strong worldwide demand for our diverse portfolio of leading organic and natural brands across many product categories, sales channels and geographies,” said Irwin D. Simon, founder, president and CEO of Hain Celestial.

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