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Hain Celestial Reports Healthy First Quarter Financials

November 1, 2011: 12:58 AM EST
Natural and organic products producer Hain Celestial Group reported a 13.3 percent increase over last year’s first quarter net sales to $292.4 million. GAAP net income rose 28.5 percent (11.7 million), compared to $9.1 million in the first quarter last year, with adjusted net income up 19.9 percent. The company reconfirmed its annual guidance for fiscal year 2012, which it raised last month in connection with its recent acquisitions of Daniels Group and the Europe's Best brand. Total net sales are expected to be $1.455 billion to $1.480 billion, and earnings per share will range between $1.63 to $1.73. CEO Irwin D. Simon said consumption trends improved year-over-year “driven by consumers seeking out our natural and organic products.”
"Hain Celestial Reports First Quarter Fiscal Year 2012 Results", Hain Celestial, November 01, 2011, © The Hain Celestial Group, Inc.
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