Hain Celestial reports Q4, fiscal year results
The Hain Celestial Group Inc., an organic and natural products company with operations in North America, Europe, Asia and the Middle East, reported results for the fourth quarter and fiscal year ended June 30, 2017.
"We are pleased to have achieved sales growth in all of our business segments on a constant currency basis in the fourth quarter, despite an ever changing operating environment for food manufacturers and retailers," said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial. "Building upon our core platforms and cost savings initiatives, our global team has made significant progress during the year executing on our strategic plan. The business momentum and operational improvements we experienced in the fourth quarter of fiscal 2017 reinforces our confidence in the tremendous opportunities ahead to generate the growth we know we are capable of achieving over the next several years."
For fourth quarter fiscal year 2017, the company reported net sales of $725.1 million, a 2% decrease, or a 2% increase on a constant currency basis, compared to the prior year period. Hain Pure Protein reported net sales of $122.2 million, an 8% increase compared to the prior year period. For fiscal year 2017, the company reported net sales of $2.853 billion, a 1% decrease, or a 3% increase on a constant currency basis, compared to fiscal 2016 net sales of $2.885 billion. Hain Pure Protein reported net sales of $509.6 million, a 3.5% increase compared to the prior year.
Source: Hain Celestial Group Inc.