Hain Celestial,a US-based natural and organic food products company,has reported that its net income from continuing operations increased by 56.6%to$19.8m for the first quarter of 2013,compared to$12.6m for the same period of fiscal 2012.
For the period ended 30 September 2012,the company's net sales increased by 25.4%to$359.8m,compared to$286.8m for the corresponding period in the previous year.
The company attributed the increase in sales to its brands including Celestial Seasonings,Earth's Best,Sensible Portions,Spectrum,MaraNatha,The Greek Gods,Terra,Garden of Eatin',Arrowhead Mills,Linda McCartney,Alba Botanica,Europe's Best,New Covent Garden Soup,Johnson's Juice and Cully&Sully.
In October,the company completed the acquisition of Premier Foods'grocery brands including Hartley's,Sun-Pat,Gale's,Robertson's and Frank Cooper's in the UK.
With the acquisition of Premier Foods'brands,the company updated its annual guidance for fiscal year 2013,it expects the net sales to reach$1.79bn and earnings of about$2.45 per diluted share.
