Hain Celestial founder and CEO Irwin Simon on Thursday sought to reassure weary investors even as a lengthy accounting probe cleared the company of wrongdoing but failed to help its battered stock price.
Weighing on the shares is a weak outlook provided by management. Nonetheless, the chief executive was upbeat on the company's future and also saw a silver lining in Amazon's planned purchase of Whole Foods.
"Now is the time to move on and build our business and take it to the next level," Simon said in an interview Thursday on CNBC's "Squawk Alley."
The CEO said the company completed the accounting review and audit process and found there was "no material change" to previously reported financials. He called it "a great outcome."
Simon also was upbeat about Hain's general business outlook and its positioning in the organic and natural products space.
"We're in a great category in health and wellness," he said. "The consumer will continue to eat healthy. We'll continue to look for 'better for you' products. And we have the brands and products that consumers want."
Hain's brands include Celestial Seasonings, Terra Chips and Garden of Eatin', among others. The company also is known for personal care products from Alba, Jason and Live Clean.
On Thursday, Hain reported its delayed fiscal 2016 results after going more than a year without disclosing financials.
The company also provided results for the first nine months of the current fiscal year ending June 30. It revealed that Hain's U.S. sales slowed in the nine-month stretch compared with the year-ago period and total sales were relatively flat.
"It's been a difficult year," said the CEO. "There were a lot of things out of my control."
In particular, Simon said currency impacted the company's U.K. business and its turkey protein operation was hurt after prices came down. He also said there were issues with Hain's fruit business in the U.K.