(Source: Datamonitor)
The Hain Celestial Group, a natural and organic products company, has reported net income of $1.26 million or $0.03 earnings per diluted share for the fourth quarter ended June 30, 2009, compared to $6.5 million or $0.16 per diluted share, for the fourth quarter ended June 30, 2008.
Net sales for the three-month period ended June 30, 2009 were $262.7 million compared to $278.26 million in the corresponding period of 2008.
For the fiscal 2009 period ended June 30, 2009, the net loss was $24.72 million or $0.61 loss per diluted share, compared to net income of $41.22 million or $0.99 earnings per diluted share for the same period of 2008.
Net sales for the 12-month period ended June 30, 2009 were $1.13 billion versus $1.06 billion in the corresponding period of 2008.
Irwin Simon, president and CEO of Hain Celestial, said: "Our business demonstrated solid performance with growth from our US and Canada operations in a tough economy. We saw growth in key categories including tea, infant and toddler care, dry grocery, non-dairy beverages, nut butters and frozen.
"At the same time, we are positioned for a turnaround in Europe. We are consolidating our Daily Bread production into our Luton facility, and we have gained new customers at our Fakenham facility where we have seen growth in both Linda McCartney branded and private label sales."
A service of YellowBrix, Inc.
