The Hain Celestial Group announces first quarter 2007 results
Dated: 6 November 2006
The Hain Celestial Group has reported results for the first quarter ended September 30, 2006. The natural-/organic-food company reported net sales of $210.2 million, a 30 percent increase compared with $161.1 million in the prior year first quarter.
Adjusted earnings in the quarter totaled $0.25 per share. The reported results include $1.1 million ($0.7 million after tax) of previously announced start-up costs at the company's West Chester Frozen Foods Facility, a gain of $2.5 million ($1.1 million after tax) from the sale of the Company's Biomarche fresh produce operation in Belgium, and a charge of $2.2 million ($1.4 million after tax) for an unfavorable decision by the German government regarding value added tax on all non-dairy beverage products.
"Our fiscal year 2007 is off to an excellent start,” says Irwin Simon, president and chief executive officer of Hain Celestial.
(29 August 2008) A growing body of science suggests antioxidant-rich fruits can be a natural way to protect against the signs and conditions of aging. A 2007 study conducted at the University of Gr...
(29 August 2008) Kerry’s ingredients and flavors global technology platforms have reported an increase in total sales revenue by 7.8% on a like-for-like basis to 1,656 million euros ($2,450 million...
(28 August 2008) Food Ingredients Asia 2008 will be held from September 24 to 26 at Queen Sirikit National Convention Center, Bangkok, Thailand. Show organizer CMP Information says the consumption ...
(28 August 2008) FMC Corporation announced it has completed the acquisition of the hydrocolloid ingredients business of International Specialty Products (ISP). Terms of the acquisition were not dis...
(27 August 2008) The new fluid lecithin product Emulfluid SE by Cargill’s texturizing business now makes frying using margarine in the home safer for consumers. Emulfluid SE lecithin has anti-spatt...
(27 August 2008) Royal DSM N.V., has announced the closure of its citric acid manufacturing plant in Wuxi, China by Q1 2009. The closure follows a request from the local government to relocate the ...
(26 August 2008) BENEO-Orafti says it will increase prices by 25% on its range of Orafti products. Says Dominique Speleers, managing director: “Due to the continued and unprecedented increases we h...
(26 August 2008) National Foods Limited (NFL), a wholly-owned subsidiary of Kirin Holdings Company Limited has acquired all shares in Dairy Farmers (DF), Australia's second-largest fresh dairy comp...
Price promotions and the decision to only partially pass on food price inflation to customers have led to a downturn in second quarter margins for Ahold. Net sales for second quarter 2008 were EUR 5.8 billion, down 0.8% from the same period last year. At constant exchange rates, net sales increased by 7.3%.
Despite the credit crunch, drinks giant, Diageo reports another year of strong organic growth with net sales up 7% and operating profit up 9%. Sales rose to £8.09bn up from £7.48bn last year while sales volumes increased by about 3%.
Stop & Shop and Giant Landover supermarkets in the USA are getting a new-look and new logos. The stores are being revitalised as part of a series of new initiatives designed to enhance the customer store experience.
Tesco has raised £605 million (€ 758 million) from four sale & leaseback of properties in the latest phase of its ongoing programme of releasing value from its UK property portfolio.
The deal includes 13 Tesco stores, which account for about 2.4% of its UK store square footage, and a distribution centre.
After a 30% drop in its third-quarter net income, a down economy, and a ground beef recall because of possible E. coli contamination, Whole Foods will be laying off 49 workers, 13% of the people at it's corporate headquarters, after also closing its Austin (Texas) bakery only a few months ago.
Store brands account for 75% of Fresh & Easy sales. The Tesco-owned Fresh & Easy Neighborhood Market has now produced its 3 millionth product - a 17-ounce package of store brand mashed potatoes - and plans to add over 250 new Fresh & Easy brand products to its stores over the next several months.
