Hain Celestial Q1 net sales increased 13% to $750m
Staff writer ▼ | May 4, 2016
The Hain Celestial Group reported results for its third quarter ended March 31, 2016. Net sales were $750 million, a 13% increase, or 15% on a constant currency basis, over prior year period net sales of $662.7 million.Article continues below
Net sales were impacted by $13.9 million of foreign exchange rate movements versus a year ago.
Hain Celestial US net sales increased by 2.7% on a constant currency basis over the prior year period.
Earnings per diluted share of $0.47, a 47% increase over the prior year period, or on an adjusted basis $0.49, a 9% increase over the prior year period. Foreign currencies impacted reported results by $0.01 per diluted share.
Operating income of $69.0 million, or 9.2% of net sales; adjusted operating income of $80.4 million, or 10.7% of net sales.
Strong nine month operating cash flow of $131 million, an increase of 87% over the prior year period.
"Our net sales reflect the strong performance across our businesses led by Hain Celestial United States, Hain Pure Protein, Hain Celestial United Kingdom and Hain Celestial Europe as well as Hain Celestial Canada," said Irwin D. Simon, Founder, president and chief executive officer of Hain Celestial.
"The diversification of our product portfolio with leading organic, natural and better-for-you brands around the world, combined with our team's solid execution of our operational initiatives fueled our financial performance. We are extremely pleased with our US results where we returned to growth in the third quarter and expect these trends to continue." ■ What to read next
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