Hain Celestial announces record sales and profit for 4Q and full year
Dated: 4 September 2007
The Hain Celestial Group reported a 14.1 percent jump in net sales to $222.3 million for its fourth quarter, bringing full year sales to $900.4 million, a rise of 21.9 per cent from 2006.
Aided by strong showing from brands like Rice Dream and Terra, the natural and organic food company’s net income reached $12.3 million, an increase of 40.2 percent over the prior year’s fourth quarter.
Earnings per share for the full year was $1.17, compared with $0.95 per share last year.
For its fiscal year 2008, the US-based Group expects to expand their product offerings in the Asian markets through its alliance with Yeo Hiap Seng and the soon to be introduced Yeo's Soy Dream.
It announced a sales guidance of up to $1.050 billion, an increase of 14 to 17 percent over 2007 sales, while earnings are expected to grow at between 18 to 21 percent, inclusive of the Plainville Turkey Farm acquisition.
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