LAKE SUCCESS, N.Y., Nov. 6, 2014 /PRNewswire/ -- The Hain Celestial Group, Inc. (NASDAQ: HAIN), a leading organic and natural products company with operations in North America, Europe and India providing consumers with A Healthier Way of Life™, today reported record results for its first quarter ended September 30, 2014.
First Quarter Performance Highlights
- Record first quarter net sales of $631.3 million; adjusted net sales of $642.6 million, a 35% increase over the prior year period net sales
- Earnings per diluted share of $0.37, which includes an after-tax charge of $14.2 million for the nut butter recall; record first quarter adjusted earnings per diluted share of $0.68, a 31% increase over the prior year period adjusted earnings per diluted share
- Operating income $28.8 million; adjusted operating income $58.8 million, a 37% increase over the prior year period adjusted operating income
First Quarter Fiscal Year 2015
The Company reported record net sales of $631.3 million and adjusted net sales of $642.6 million, a 35% increase, as adjusted for the nut butter voluntary recall. Hain Celestial US reported record first quarter net sales of $336.9 million and record first quarter adjusted net sales of $347.4 million, an increase of 11% over the prior year first quarter, which includes a $10.4 million sales adjustment for the nut butter recall. In the United Kingdom, net sales were $172.3 million, a 51% increase, and the Rest of the World segment reported net sales of $51.4 million and adjusted net sales of $52.3 million. Hain Pure Protein Corporation (HPPC), acquired in July 2014, reported net sales of $70.7 million. The Company had strong brand contribution led by double digit growth from Earth's Best®, Sensible Portions®, Spectrum®, Ella's Kitchen®, Garden of Eatin'®, New Covent Garden Soup Co.®, Linda McCartney®, Sun-Pat®, Johnson's Juice Co.®, Danival®,Europe's Best®, Imagine®, Westbrae®, Gale's®, Frank Cooper's®, Sunripe®, Walnut Acres®, Avalon Organics® and Queen Helene®. The growth in net sales also resulted from sales of Tilda®, Rudi's Organic Bakery®, Plainville Farms® and FreeBird®, brands acquired after the first quarter of fiscal year 2014. Full report.
