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A Good Year for Hain Celestial

Published August 23, 2012
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The Hain Celestial Group, Inc. reported its results for the fourth quarter and fiscal year ended June 30, 2012. For the fourth quarter, global net sales rose 22.3% to $350.8 million. The company's growth came from continued sales momentum in the natural and organic sector across various classes of trade including natural, grocery, mass-market retailers, club stores and e-tailers along with contributions from strategic acquisitions.

Strong brand contribution came from Earth's Best, Spectrum, MaraNatha, The Greek Gods, Imagine, Garden of Eatin', Arrowhead Mills, Health Valley, Linda McCartney, Avalon Organics as well as from the recently acquired Europe's Best, New Covent Garden Soup Co., Johnson's Juice Co., Farmhouse Fare, Lovetub, Sunripe and Cully & Sully brands.

For fiscal 2012, net sales rose 24.3% to $1.4 billion. The brands above also contributed to the increase, said the company.

"We finished fiscal year 2012 with strong results across our key performance measures as consumption in the United States accelerated during the year to the highest levels in the Company's history as consumers continued to seek out our products.With new product innovation, increased sales opportunities in various channels of distribution and global geographies, along with productivity initiatives, our year ended with solid results across all of our segments," said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial.

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