Dive Brief:
- Hain Celestial said sales in the most recent fiscal year rose to $2.2 billion, a record for the company.
- The biggest driver of growth was in sales of organic foods, which rose 12% -- the highest percentage increase the company has seen in that category since 2008.
- The company, which owns brands such as Nature's Best Organic, Greek Gods yogurt, and Arrowhead Mills, said it expects net sales in 2015 to reach as high as $2.8 billion.
Dive Insight:
Perhaps its just impossible to be a failure when you're corporate headquarters are in a New York town with a name like Lake Success. Or, more likely, Hain Celestial is simply benefiting from the craze both here and in the U.K. for all-things natural and organic.