Hain Celestial posted record net earnings for the first quarter of fiscal year 2016, with much of its growth spurred by its Hain Pure Protein poultry segment.
The natural and organic product company earned a net income of $31.3 million, a 67 percent increase over the net income during the first quarter of fiscal year 2016. In terms of sales, Hain Celestial’s net sales of $687.2 million.
Irwin Simon, founder, president and CEO of Hain Celestial, stated that its poultry operation had a very successful quarter, and greatly contributed to the company’s financial achievements during the period.
“We began fiscal year 2016 with record first quarter net sales and earnings growth. Our diversified portfolio delivered strong growth with contribution from our Hain Pure Protein Corporation segment, with our FreeBird and Plainville Farms brands growing 27 percent, as well as our international businesses in Canada, Continental Europe and the United Kingdom in constant currency, which collectively grew 22 percent,” Simon said.
Simon said he is confident the diversified organic company will continue to do well through the remainder of 2016 and beyond.
“We expect to build momentum throughout the year across our global footprint through the strength of our diversified product portfolio and customer base while investing in our brands and gaining distribution in the important health and wellness category,” he said.