LAKE SUCCESS, NY
The Hain Celestial Group, Inc. has reported record results for its fourth quarter and fiscal year ending June 30, 2014.
"We completed our fiscal year with record net sales by delivering solid performance across brands and geographies, and I am pleased with the results," said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial. "Our US business continued to generate strong results as momentum for organic and natural products builds across various channels of distribution. Our UK business posted record sales with increased profit contribution and our Rest of World segment delivered high single digit sales growth."
For the fourth quarter, Hain saw record net sales of $585.8 million, a 26% increase. Other notable Q4 highlights include:
For fiscal year 2014, the company reported record net sales of $2.154 billion, a 24% increase. Other FY 2014 highlights include:
During fiscal year 2014, Hain completed the strategic acquisitions of 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 is estimating total net sales of between $2.725 and $2.80 billion for FY 2015, representing a 27-30% increase.
Congratulations on the record setting quarter and year!