- Hain Celestial Group, Inc. reported record numbers in its second quarter earnings results, including a record net sales of $696.4 million and record adjusted net sales of $701.7 million, a 31% increase over last year's second quarter.
- Despite an after-tax charge of $4.5 million for a nut butter voluntary recall, Hain Celestial's earnings per diluted share were $0.43, and its second quarter adjusted earnings per diluted share were a record $0.54, a 26% increase over the same quarter last year.
- These record numbers were due in part to acquisitions and double-digit growth from several of its brands. However, the company also predicts a weakened net sales outlook for the year compared to an earlier forecast.
"We delivered a strong quarter across our diverse portfolio of worldwide brands, overcoming foreign currency impacts to deliver our 17th consecutive quarter of year-over-year double digit sales and adjusted earnings growth," said Irwin D. Simon, founder, president, and CEO of Hain Celestial. "I am happy to continue to see our organic growth across the business and our high single digit consumption growth in our U.S. business."