Hain Celestial Reports on First Quarter of FY 2018


In a press release dated November 7, the Hain Celestial Group, Inc. (HAIN) a company promoting organic and natural products reported results for first quarter of fiscal 2018 ending September 30, 2017. The Hain Celestial Group includes segments in the United States, the United Kingdom and Hain Pure Protein.

For the quarter, net sales attained $708.3 million, 4 percent above the corresponding quarter of FY 2017.  Operating income was $31.4 million, more than double the amount in the corresponding quarter of the previous fiscal year.  Net income was $19.9 million.  Diluted EPS increased from $0.08 in 2016 to $0.19 for the most recent quarter. 

The Company provided guidance for fiscal 2018 including net sales over a range of $2.97 billion to $3.04 billion representing a 5 percent increase over FY 2017.  Adjusted EPS will range from $1.63 to $1.80 approximately 40 percent higher than in Fiscal 2017.


(SMS 1,862-17 November 13th 2017)