The Hain Celestial Group Inc. Earnings: Profit Rises by Double-Figures for Fifth Consecutive Quarter

The Hain Celestial Group Inc. (NASDAQ:HAIN) reported net income above Wall Street’s expectations for the second quarter. Hain Celestial Group manufactures, markets, distributes and sells natural and organic specialty and snack food products and natural personal care products.

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The Hain Celestial Group Earnings Cheat Sheet for the Second Quarter

Results: Net income for the processed and packaged goods company rose to $20 million (44 cents per share) vs. $16.3 million (37 cents per share) in the same quarter a year earlier. This marks a rise of 23.2% from the year earlier quarter.

Revenue: Rose 32.1% to $385.6 million from the year earlier quarter.

Actual vs. Wall St. Expectations: The Hain Celestial Group Inc. reported adjusted net income of 52 cents per share. By that measure, the company beat the mean estimate of 49 cents per share. Analysts were expecting revenue of $387.1 million.

Quoting Management: “At a time when many consumer packaged goods companies are experiencing one to two percent consumption growth in the grocery channel, we are achieving consumption growth at more than three times that rate. In the United States, we continue to drive sales growth in our core distribution channels. We are pleased and delighted to see that consumers continue to be attracted to our more healthful food and personal care products,” said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial. “Based on our experience during the last few months, we are even more excited today about working with the Daniels Group management team, and we can see the high potential they have to contribute to the future overall growth of Hain Celestial.”

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 25.4%, with the biggest boost coming in the most recent quarter when revenue rose 32.1% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 28.5% and in the fourth quarter of the last fiscal year, the figure rose 92%.

The company has now topped analyst estimates for the last four quarters. It beat the mark by one cent in the first quarter, by 2 cents in the fourth quarter of the last fiscal year, and by 2 cents in the third quarter of the last fiscal year.

Looking Forward: The average estimate for the third quarter remains unchanged at 49 cents a share. Over the past three months, the average estimate for the fiscal year has climbed from $1.69 per to share to $1.70.

Stock Performance: Shares of HAIN were up 0.4% from the previous close.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com