Hain Celestial Sales, Profit Booming

Despite stiffer competition in the natural and organic foods segment, Hain Celestial Group posted strong financial results for its 2015 first quarter. This included a 35 percent rise in revenue to $631 million, a 31 percent rise in adjusted earnings per share, and a 51 percent rise in U.K. sales over last year. According to CEO Irwin Simon, 23 of its brands experienced double-digit growth during the quarter. Acquisitions also paid off, including the remaining stake in Hain Pure Protein, Basmati rice producer Tilda, Rudi’s Organic Bakery and other brands. “Our business continues to benefit from strong growth trends in the organic and natural, better-for-you segment of consumer packaged goods," Simon said.