Call to the Floor: Hain Celestial
Natural food maker Hain Celestial has landed in the headlines lately.
On Wednesday investors found themselves poring over the company’s quarterly results which beat Street expectations.
By the numbers adjusted net income for the first quarter was $13.0 million or $0.29 per share, compared to $10.8 million or $0.25 per share in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to earn $0.28 per share on revenue of $288.60 million for the first quarter. Analysts' estimates typically exclude special items.
Meanwhile, net sales for the first quarter increased 13.3% to $292.4 million from $258.0 million a year earlier.
The company also reconfirmed its annual guidance for fiscal year 2012, which it raised on October 25 in connection with its recent acquisitions of Daniels Group, a British company that makes natural chilled foods as Covent Garden Soup and Johnson's Juice.
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