Consumers Want Healthy Foods: Hain CEO

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Oct. 10 (Bloomberg) -- Irwin Simon, founder and CEO of Hain Celestial, discusses what's driving the company's sales growth with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Quarter?

We have not announced first quarter yet.

We don't give quarterly guidance and sometimes they go there and set up their quarterly numbers.

Our business has changed dramatically.

The uk today is over $600 million where there is a different margin structure.

We confirm guidance for the year.

Our sales are up over 33% versus one year ago.

Earnings per share are up 20 plus percent.

You have to get the corridors right and the margins right and it was just a difference.

What's the difference between the first quarter and when things get better to get and you reiterate.

Are first quarter is our smallest quarter where there is tea, soup, serial.

Our fourth quarter oh and those are our two biggest.

They are the smallest.

Next year over $2 billion in sales and we will do four or $500 million so it's a small corridor.

It's interesting.

We don't give quarterly guidance.

We are up 17% organically on the sales line, 20% on the bottom line.

Why are you growing sales like that?

Are people just getting more health conscious?

Look at yourself.

Think about your family, what you are doing at home.

The most interesting thing is the most recent nielsen numbers come out, four week numbers that measure consumption and it is sales that have gone through the cash register, not the back room.

Hain products are up and that is going through walmart, target, kroger, supermarkets.

That does not include whole foods.

That's a big rollout.

Whole foods is our biggest customer and we have over 2200 products in a whole foods.

This does not include amazon, one of our biggest customers and it does not and clued stansberry in the uk.

You step back.

Eating healthy is not a fad but a trend.

You come back and look today, how many whole foods are right around the corner here?

How many in new york city?

They plan to open over 1000 stores so the consumer wants healthy foods.

We have some here.

What makes a hain celestial product?

Here is earth's best baby food.

We feed infants and toddlers their first food.

Organic, gm oh free.

-- gmo free.

Genetically modified free.

If you come back can you say, what is the biggest change that's going to happen in food, it is, and this country, whole foods already said that if it has gmo, they will not sell it in stores.

You are asking me about pouch convenience.

Baby food was sold in jars or plastic containers.

This is now 50% of sales for baby food.

Independently he can suck on it so packaging.

Pre-k's and your stash it in the bag.

The soup business is changing from different types of packaging where cans will go away in five years.

The consumer today is well aware of pesticides, chemicals, and that is what is changing the whole food landscape.

The number one cause today of health concerns is obesity.

Why is our government shutdown today he?

Obamacare.

What are we concerned with?

Healthcare costs.

What is the preventative care?

What we eat.

Carl icahn had a stake in

This text has been automatically generated. It may not be 100% accurate.

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