Hain Celestial revenue up 25.4 percent

Products made by Hain Celestial group are displayed

Products made by Hain Celestial group are displayed in the boardroom in Melville. (Sept. 19, 2012) Photo Credit: Newsday / Thomas A. Ferrara

advertisement | advertise on newsday

Melville-based Hain Celestial Group Inc., which makes natural and organic foods and personal-care products, said Thursday strong sales in some of its key brands boosted revenue 25.4 percent in its fiscal first quarter, ended Sept. 30.

Revenue rose to $359.8 million from $286.8 million in the year-earlier period. Despite the increase, sales fell below analysts' estimate of $369.4 million for the quarter. Hain is Long Island's eighth-largest company by revenue.

Net income rose 40 percent to $16.4 million. Earnings per share rose to 35 cents from 26 cents.

The company said some of the brands that boosted first-quarter sales include Celestial Seasonings teas, Earth's Best baby food, Terra chips and Alba Botanica personal care products.

The acquisitive company also announced that it had signed a letter of intent to buy BluePrint, a Manhattan-based company that sells detox juices. Earlier this week Hain said it had closed on the purchase of the grocery brands of United Kingdom-based Premier Foods Plc. The products include peanut butter, honey, jams and chocolate products. The U.K. business generated more than $250 million of sales in its last fiscal year, Hain said.

The latest LI business news in your inbox daily. Get the Biz Briefing newsletter!


Newsday.com now uses Facebook for our comment boards. Please read our guidelines and connect your Facebook account to comment.

You also may be interested in: