LAKE SUCCESS, NY
The Hain Celestial Group ranked #61 on Fortune’s 100 Fastest-Growing Companies in America list for 2014, up twenty-two spots from its previous #83 ranking last year.
Fortune said that Hain Celestial’s “Packaged food, staples, and snacks rang up glowing sales as the trends to organic and healthier eating spreads far beyond Whole Foods.”
“I am proud to once again have Hain Celestial ranked as one of Fortune’s 100 Fastest Growing Companies, moving up to No. 61 in 2014, in recognition of the tremendous growth in the company’s revenues and earnings over the last three years,” said Irwin D. Simon, Founder, President, and CEO of Hain Celestial. “I am pleased with our results and want to thank the Hain Celestial team for delivering another solid year, and I look forward to our continued profitable growth and success.”
Hain Celestial has been making headlines as of late with record net sales and strong momentum in its organic and natural brands. The company’s three year annual growth rate for earnings per share (EPS) was 43% and revenue was 25%, with a total return of 39%, according to a press release.
During fiscal year 2014, Hain Celestial reported net sales of $2.154 billion in the wake of two of its most recent acquisitions - Tilda, a specialty rice product company, and Rudi’s Organic Bakery. The company also introduced over 200 new innovative products worldwide and achieved record adjusted EBITDA of $300 million. Looking forward, Hain Celestial anticipates total net sales of between $2.725 and $2.80 billion for FY 2015, representing a 27-30% increase.
According to a press release, Fortune’s methodology includes companies that have posted an annualized growth in revenue and EPS of at least 20% annually over the three years ended on or before April 30, 2014. Companies that meet these criteria are ranked by revenue growth rate, EPS growth rate, and three-year annualized total return for the period ended June 30, 2014.
Congratulations on the successful year and your new ranking, Hain Celestial!