"Revenue may have missed expectations but revenue sill rose 24.8% year over year," he said. And 16 of Hain's brands were up double digits in the quarter, with the Greek Gods Yogurt up 39%, Earth's Best up 15%, and Celestial Seasonings seeing its strongest tea numbers ever," he said.
Also, if you believe in the CEO, Cramer advocates buying pullbacks generated by earnings disappointments. And Hain Celestial CEO and founder Irwin Simon has a track record for success.
"Better eating is not a fad, it's a way of life," said Simon on Mad Money. "How many other companies have brands that are up double digits? We're in a great spot!"
Cramer believes in the trend.
"Even though the stock's had trouble gaining traction of late, the underlying trends seem strong enough that Hain should be able to return to its long-term upward trajectory," said Cramer. "I like this stock and have for a long time," he added. "I think it's inexpensive and has great growth potential."
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