Hain Celestial has posted “record” full-year financial results on a significant day in the US company’s recent history.
The company booked a 44% leap in annual net income for the year to the end of June. Operating profit increased 36.3%. Net sales from continuing operations were up 24.3%.
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“We finished fiscal year 2012 with strong results across our key performance measures as consumption in the United States accelerated during the year to the highest levels in the company’s history as consumers continued to seek out our products,” Hain Celestial president and CEO Irwin Simon said today (22 August).
“With new product innovation, increased sales opportunities in various channels of distribution and global geographies, along with productivity initiatives, our year ended with solid results across all of our segments.”
The numbers came as Hain Celestial announced a cash-and-shares deal to buy the spreads assets of UK food manufacturer Premier Foods plc.
Hain Celestial has been reshaping its business in the UK. Last year, it acquired Daniels Group, the owner of brands including New Covent Garden Soup Co.
It also announced today it had sold a UK own-label chilled ready meals asset to Greencore. The company also revealed an agreement to sell UK foodservice sandwich supplier Daily Bread.
