Hain Celestial Reports First Quarter Fiscal Year 2018 Financial Results

   Hain Celestial Reports First Quarter Fiscal Year 2018 Financial Results

Net Sales Increased 4% to $708.3 Million

Gross Margin Increased 250 Basis Points to 18.6%; Adjusted Gross Margin
Increased 220 Basis Points to 19.1%

Operating Income Increased 129% to $31.5 Million; Adjusted Operating Income
Increased 46% to $39.7 Million

Diluted Earnings per Share ("EPS") of $0.19; Adjusted Diluted EPS of $0.23

Reiterates Fiscal Year 2018 Guidance

PR Newswire

LAKE SUCCESS, N.Y., Nov. 7, 2017

LAKE SUCCESS, N.Y., Nov. 7, 2017 /PRNewswire/ -- The Hain Celestial Group,
Inc. (Nasdaq: HAIN) ("Hain Celestial" or the "Company"), a leading organic and
natural products company with operations in North America, Europe, Asia and
the Middle East providing consumers with A Healthier Way of Life™, today
reported financial results for the first quarter ended September 30, 2017.

The Hain Celestial Group, Inc. (PRNewsFoto/The Hain Celestial Group, Inc.)

"Our first quarter results were solid with improved net sales growth and
profitability, meeting our expectations across our business segments," said
Irwin D. Simon, Founder, President and Chief Executive Officer of Hain
Celestial.  "Importantly, we are on track to build momentum throughout the
year as our execution of Project Terra continues to drive incremental sales
growth and margin improvement to deliver long-term sustainable stockholder
value."      

FINANCIAL HIGHLIGHTS^1

First Quarter Results Summary

  o Net sales increased 4% to $708.3 million compared to the prior year
    period, or 3% on a constant currency basis, primarily reflecting double
    digit net sales increases from Canada and Europe and low single digit net
    sales increases from the United States, United Kingdom and Hain Pure
    Protein segments. Adjusted for both constant currency and acquisitions and
    divestitures, net sales increased 4%, compared to the prior year period.
  o Gross margin as a percentage of net sales of 18.6%; adjusted gross margin
    of 19.1%.
  o Operating income of $31.5 million; adjusted operating income of $39.7
    million.
  o Net income of $19.8 million, an increase of 131% over the prior year
    period; adjusted net income of $23.7 million, an increase of 59% over the
    prior year period.
  o EBITDA increased 60% to $51.3 million compared to $32.2 million in the
    prior year period; adjusted EBITDA increased 30% to $59.5 million compared
    to $45.6 million in the prior year period.
  o EPS of $0.19 compared to $0.08 in the prior year period; adjusted EPS per
    diluted share of $0.23 compared to $0.14 in the prior year period.

^1 This press release includes certain non‐GAAP financial measures which are
intended to supplement, not substitute for, comparable GAAP financial
measures. Reconciliations of non‐GAAP financial measures to GAAP financial
measures are provided herein.

FIRST QUARTER OPERATING SEGMENT HIGHLIGHTS

Hain Celestial United States
Net sales for Hain Celestial United States increased 4% to $263.7 million over
the prior year period, reflecting growth from the Pure Personal Care,
Better-for-You Baby and Better-for-You Pantry platforms including Alba
Botanica®, Jason®, Avalon Organics®, Live Clean®; Earth's Best®; Spectrum® and
Imagine® brands; partially offset by declines in Fresh Living with The Greek
Gods® brand, Better-for-You-Snacking with Garden of Eatin'® brand and Tea with
Celestial Seasonings® brand.  The prior year first quarter results were also
negatively impacted by inventory realignment at certain customers.  Segment
operating income was $20.9 million, an increase of 11% over the prior year
period and adjusted operating income was $23.1 million, a decrease of 5% over
the prior year period, driven primarily by higher marketing investments.  The
financial results for the current period as well as the prior year first
quarter results excludes the United Kingdom operations of the Ella's Kitchen®
brand thereby eliminating net sales of approximately $23.1 million and $21.4
million, respectively as these net sales are now reported as part of the
United Kingdom reportable segment.

Hain Celestial United Kingdom
Net sales for Hain Celestial United Kingdom increased 1% to $222.4 million
over the prior year period, reflecting 8% growth from Tilda® and Ella's
Kitchen®, partially offset by a 1% decrease from Hain Daniels.  Hain Daniels
net sales, adjusted for both constant currency and acquisitions and
divestitures, increased 2% over the prior year period, with strong brand
performance from Hartley's®, Linda McCartney's®, New Covent Garden Soup Co.®
and Sun-Pat® brands.  Hain Celestial United Kingdom, on a consolidated basis,
was up 4% over the prior year period in constant currency adjusted for
acquisitions and divestitures. Segment operating income of $9.6 million
increased 23% over the prior year period and adjusted operating income of
$12.9 million increased 39% over the prior year period driven by strong
contribution from the Hain Daniels brands.  As discussed above, the financial
results for the current period as well as the prior year first quarter results
includes the United Kingdom operations of the Ella's Kitchen® brand, which was
previously reported as part of the United States reportable segment. 

Hain Pure Protein
Net sales for Hain Pure Protein increased 2% to $119.1 million over the prior
year period, reflecting a 6% increase from the combined FreeBird® and
Plainville Farms® businesses while the Empire® Kosher business net sales
declined 6% with more sales attributable in the prior year period due to the
timing of the Jewish holidays.  Segment operating income increased to $2.2
million from the prior year period loss of $1.0 million and adjusted operating
income increased to $3.6 million from the prior year period loss of $1.0
million due to improvements in operating expenses across the business.

Rest of World
Net sales for Rest of World increased 14% to $103.1 million over the prior
year period, or 9% on a constant currency basis driven by 13% growth from Hain
Celestial Canada from Yves® Veggie Cuisine, Sensible Portions®, Live Clean®
and Tilda® brands and 10% growth from Hain Celestial Europe from Danival® and
Joya® brands and own label.  Segment operating income increased over 77% to
$9.0 million over the prior year period.

Fiscal Year 2018 Guidance

The Company reiterated its annual guidance for fiscal year 2018:

  o Net sales of $2.967 billion to $3.036 billion, an increase of
    approximately 4% to 6% as compared to fiscal year 2017.
  o Adjusted EBITDA of $350 million to $375 million, an increase of
    approximately 27% to 36% as compared to fiscal year 2017.
  o Adjusted earnings per diluted share of $1.63 to $1.80, an increase of
    approximately 34% to 48% as compared to fiscal year 2017.

Guidance, where adjusted, is provided on a non-GAAP basis, which excludes
acquisition-related expenses, integration and restructuring charges, start-up
costs, unrealized net foreign currency gains or losses, accounting review
costs and other non-recurring items that have been or may be incurred during
the Company's fiscal year 2018, which the Company will continue to identify as
it reports its future financial results. Guidance excludes the impact of any
future acquisitions.

The Company has not reconciled its expected adjusted EBITDA to net income or
adjusted earnings per diluted share to earnings per share under "Fiscal Year
2018 Guidance" because certain items that impact net income and other
reconciling metrics are out of the Company's control and/or cannot be
reasonably predicted at this time.

Effective July 1, 2017, due to changes to the Company's internal management
and reporting structure the United Kingdom operations of the Ella's Kitchen®
brand, which was previously included within the United States reportable
segment, is included in the United Kingdom reportable segment.  The prior
period segment information contained below has been adjusted to reflect the
Company's new operating and reporting structure.

 

(unaudited and   United    United    Hain Pure  Rest of   Corporate/
dollars in       States    Kingdom   Protein    World     Other       Total
thousands)
NET SALES
Net sales -      $         $         $          $         $           $      
Three months     263,659   222,445   119,057    103,115            -  708,276
ended 9/30/17
Net sales -      $         $         $          $         $           $      
Three months     254,232   220,151   116,669    90,412             -  681,464
ended 9/30/16
% change - FY'18
net sales vs.    3.7%      1.0%      2.0%       14.1%                 3.9%
FY'17 net sales
OPERATING INCOME
Three months
ended 9/30/17
Operating income $         $         $          $         $           $      
                 20,861      9,601     2,242      8,997   (10,218)      31,483
Non-GAAP         $         $         $          $         $           $      
Adjustments ^(1)   2,283     3,335     1,342                1,256        
                                                -                     8,216
Adjusted         $         $         $          $         $           $      
operating income 23,144    12,936      3,584      8,997   (8,962)       39,699
Adjusted
operating income 8.8%      5.8%      3.0%       8.7%                  5.6%
margin
Three months
ended 9/30/16
Operating income $         $         $          $         $           $      
                 18,794      7,819    (1,018)     5,055   (16,899)      13,751
Non-GAAP         $         $         $          $         $           $      
Adjustments ^(1)   5,526     1,503                          6,421       13,450
                                      -         -
Adjusted         $         $         $          $         $           $      
operating income 24,320      9,322    (1,018)     5,055   (10,478)      27,201
Adjusted
operating income 9.6%      4.2%      (0.9)%     5.6%                  4.0%
margin
(1) See accompanying table of
"Reconciliation of GAAP Results to
Non-GAAP Measures"

 

Webcasts and Upcoming Presentation 
Hain Celestial will host a conference call and webcast today at 8:30 AM
Eastern Time to discuss its results and business outlook.  The events will be
webcast and be available under the Investor Relations section of the Company's
website at www.hain.com.

About The Hain Celestial Group, Inc.
The Hain Celestial Group (Nasdaq: HAIN), headquartered in Lake Success, NY, is
a leading organic and natural products company with operations in North
America, Europe, Asia and the Middle East. Hain Celestial participates in many
natural categories with well-known brands that include Celestial Seasonings^®,
Earth's Best^®, Ella's Kitchen^®, Terra^®, Garden of Eatin'^®, Sensible
Portions^®, Health Valley^®, Arrowhead Mills^®, MaraNatha^®, SunSpire^®,
DeBoles^®, Casbah^®, Rudi's Organic Bakery^®, Hain Pure Foods^®, Spectrum^®,
Spectrum Essentials^®, Imagine^®, Almond Dream^®, Rice Dream^®, Soy Dream^®,
WestSoy^®, The Greek Gods^®, BluePrint^®, FreeBird^®, Plainville Farms^®,
Empire^®, Kosher Valley^®, Yves Veggie Cuisine^®, Better Bean™, Europe's
Best^®, Cully & Sully^®, New Covent Garden Soup Co.^®, Yorkshire Provender™,
Johnson's Juice Co.^®, Farmhouse Fare^®, Hartley's^®, Sun-Pat^®, Gale's^®,
Robertson's^®, Frank Cooper's^®, Linda McCartney^®, Lima^®, Danival^®, Joya^®,
Natumi^®, GG UniqueFiber^®, Tilda^®, JASON^®, Avalon Organics^®, Alba
Botanica^®, Live Clean^® and Queen Helene^®. Hain Celestial has been providing
A Healthier Way of Life™ since 1993. For more information, visit www.hain.com.

Safe Harbor Statement
Certain statements contained in this press release constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995.  Forward-looking statements are predictions based on expectations and
projections about future events, and are not statements of historical fact. 
You can identify forward-looking statements by the use of forward-looking
terminology such as "plan", "continue", "expect", "anticipate", "intend",
"predict", "project", "estimate", "likely", "believe", "might", "seek", "may",
"will", "remain", "potential", "can", "should", "could", "future" and similar
expressions, or the negative of those expressions, or similar words or phrases
that are predictions of or indicate future events or trends and that do not
relate solely to historical facts. You can also identify forward-looking
statements by discussions of the Project Terra strategic initiatives and our
future performance and results of operations. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors which may
cause the actual results, levels of activity, performance or achievements of
the Company, or industry results, to be materially different from any future
results, levels of activity, performance or achievements expressed or implied
by such forward-looking statements, and you should not rely on them as
predictions of future events. Forward-looking statements depend on
assumptions, data or methods that may be incorrect or imprecise and may not be
able to be realized. We do not guarantee that the transactions and events
described will happen as described (or that they will happen at all).  Such
factors, include, among others, the Company's beliefs or expectations relating
to (i) the Company's guidance for Fiscal Year 2018; (ii) the Company's ability
to improve results throughout the fiscal year; and (iii) the Company's ability
to execute Project Terra initiatives to drive incremental sales growth and
margin improvement to deliver long-term sustainable stockholder value; and the
other risks detailed from time-to-time in the Company's reports filed with the
United States Securities and Exchange Commission, including the Annual Report
on Form 10-K for the fiscal year ended June 30, 2017, and our quarterly
reports.  As a result of the foregoing and other factors, no assurance can be
given as to the future results, levels of activity and achievements of the
Company, and neither the Company nor any person assumes responsibility for the
accuracy and completeness of these statements.  All forward-looking statements
contained herein apply as of the date hereof or as of the date they were made
and, except as required by applicable law, the Company disclaims any
obligation to publicly update or revise any forward-looking statement to
reflects changes in underlying assumptions or factors of new methods, future
events or other changes.

Non-GAAP Financial Measures
This press release and the accompanying tables include non-GAAP financial
measures, including net sales adjusted for the impact of foreign currency, net
sales adjusted for the impact of foreign currency and acquisitions and
divestitures, adjusted operating income, adjusted gross margin, adjusted
earnings per diluted share, EBITDA, adjusted EBITDA and operating free cash
flow. The reconciliations of these non-GAAP financial measures to the
comparable GAAP financial measures are presented in the tables "Reconciliation
of GAAP Results to Non-GAAP Measures" for the three months ended September 30,
2017 and 2016 and in the paragraphs below. Management believes that the
non-GAAP financial measures presented provide useful additional information to
investors about current trends in the Company's operations and are useful for
period-over-period comparisons of operations. These non-GAAP financial
measures should not be considered in isolation or as a substitute for the
comparable GAAP measures. In addition, these non-GAAP measures may not be the
same as similar measures provided by other companies due to potential
differences in methods of calculation and items being excluded. They should be
read only in connection with the Company's Consolidated Statements of Income
presented in accordance with GAAP.

The Company defines Operating Free Cash Flow as cash provided from or used in
operating activities (a GAAP measure) less capital expenditures. The Company
views operating free cash flow as an important measure because it is one
factor in evaluating the amount of cash available for discretionary
investments. For the three months ended September 30, 2017 and 2016, operating
free cash flow was calculated as follows:

 

                                       Three Months Ended
                                       9/30/17             9/30/16
                                       (unaudited and dollars in thousands)
   Cash flow (used in) provided by     $         (19,438)  $           12,819
   operating activities
   Purchases of property, plant and    (14,913)            (14,553)
   equipment
   Operating free cash flow            $         (34,351)  $           (1,734)

 

The Company's operating cash flow was negative $19.4 million for the three
months ended September 30, 2017, a decrease of $32.3 million from the three
months ended September 30, 2016.  The Company's operating free cash flow was
negative $34.4 million for the three months ended September 30, 2017, compared
to negative $1.7 million for the three months ended September 30, 2016.  The
decrease in operating free cash flow was primarily attributable to an increase
in inventories and accounts receivables.

The Company believes presenting net sales at constant currency provides useful
information to investors because it provides transparency to underlying
performance in the Company's consolidated net sales by excluding the effect
that foreign currency exchange rate fluctuations have on year-to-year
comparability given the volatility in foreign currency exchange markets. To
present this information for historical periods, current period net sales for
entities reporting in currencies other than the U.S. Dollar are translated
into U.S. Dollars at the average monthly exchange rates in effect during the
corresponding period of the prior fiscal year, rather than at the actual
average monthly exchange rate in effect during the current period of the
current fiscal year. As a result, the foreign currency impact is equal to the
current year results in local currencies multiplied by the change in average
foreign currency exchange rate between the current fiscal period and the
corresponding period of the prior fiscal year.

The Company also provides net sales adjusted for both constant currency and
acquisitions and divestitures to understand the growth rate of net sales
excluding the impact of constant currency as well as acquisitions and
divestitures.  Our management believes net sales adjusted for both constant
currency and acquisitions and divestitures is useful to investors because it
enables them to better understand the growth of our business from
period-to-period.

The Company defines EBITDA as net income (a GAAP measure) before income taxes,
net interest expense, depreciation and amortization, equity in earnings of
equity method investees, stock based compensation expense, and unrealized
currency gains.  Adjusted EBITDA is defined as EBITDA before
acquisition-related expenses, including integration and restructuring charges,
and other non-recurring items.  The Company's management believes that these
presentations provide useful information to management, analysts and investors
regarding certain additional financial and business trends relating to its
results of operations and financial condition. In addition, management uses
these measures for reviewing the financial results of the Company as well as a
component of performance-based executive compensation.

For the three months ended September 30, 2017 and 2016, EBITDA and adjusted
EBITDA was calculated as follows:   

 

                                          Three Months Ended 
                                          9/30/2017             9/30/2016
                                          (unaudited and dollars in thousands)
Net Income                                $           19,846    $     8,604
Income taxes                              8,470                 762
Interest expense, net                     5,620                 4,354
Depreciation and amortization             17,626                17,220
Equity in net income of equity-method     (11)                  (184)
investees
Stock based compensation expense          3,164                 2,704
Unrealized currency gains                 (3,419)               (1,293)
EBITDA                                    51,296                32,167
Acquisition related expenses,
restructuring and integration charges,    5,846                 1,408
and other
Losses on terminated chilled desserts     1,472                 -
contract
U.K. and HPP start-up costs               1,083                 -
Co-packer disruption                      1,173                 -
SKU rationalization                       -                     5,199
U.K. deferred synergies due to CMA Board  -                     471
decision
Accounting review costs, net of insurance (1,358)               5,960
proceeds
Recall and other related costs            -                     412
Adjusted EBITDA                           $           59,512    $    45,617

 

 

THE HAIN CELESTIAL GROUP, INC.
Consolidated Balance Sheets
 (in thousands) 
                                              September 30,    June 30,
                                              2017             2017
                                               (unaudited) 
ASSETS
Current assets:
     Cash and cash equivalents                $       126,787  $       146,992
     Accounts receivable, net                 272,341          248,436
     Inventories                              484,792          427,308
     Prepaid expenses and other current       60,976           52,045
     assets
         Total current assets                 944,896          874,781
Property, plant and equipment, net            380,478          370,511
Goodwill                                      1,073,681        1,059,981
Trademarks and other intangible assets, net   578,419          573,268
Investments and joint ventures                19,109           18,998
Other assets                                  35,264           33,565
         Total assets                         $    3,031,847   $    2,931,104
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
     Accounts payable                         $       247,321  $       222,136
     Accrued expenses and other current       111,746          108,514
     liabilities
     Current portion of long-term debt        18,231           9,844
         Total current liabilities            377,298          340,494
Long-term debt, less current portion          746,392          740,304
Deferred income taxes                         124,166          121,475
Other noncurrent liabilities                  16,460           15,999
         Total liabilities                    1,264,316        1,218,272
Stockholders' equity:
     Common stock                             1,081            1,080
     Additional paid-in capital               1,140,887        1,137,724
     Retained earnings                        888,668          868,822
     Accumulated other comprehensive loss     (161,692)        (195,479)
                                              1,868,944        1,812,147
     Treasury stock                           (101,413)        (99,315)
         Total stockholders' equity           1,767,531        1,712,832
         Total liabilities and stockholders'  $    3,031,847   $    2,931,104
         equity

 

 

THE HAIN CELESTIAL GROUP, INC.
 Consolidated Statements of Income 
 (unaudited and in thousands, except per share amounts) 
                                         Three Months Ended September 30,
                                         2017               2016
Net sales                                $                  $            
                                         708,276            681,464
Cost of sales                            576,673            571,597
Gross profit                             131,603            109,867
Selling, general and administrative      90,721             84,967
expenses
Amortization of acquired intangibles     4,911              4,728
Acquisition related expenses,            5,846              461
restructuring and integration charges
Accounting review costs, net of          (1,358)            5,960
insurance proceeds
Operating income                         31,483             13,751
Interest and other financing expenses,   6,315              5,081
net
Other (income)/expense, net              (3,137)            (512)
Income before income taxes and equity
in net income of equity-method           28,305             9,182
   investees
Provision for income taxes               8,470              762
Equity in net income of equity-method    (11)               (184)
investees
Net income                               $                  $              
                                         19,846              8,604
Net income per common share:
     Basic                               $                  $                
                                          0.19               0.08
     Diluted                             $                  $                
                                          0.19               0.08
Shares used in the calculation of net
income per common share:
Basic                                    103,709            103,468
Diluted                                  104,476            104,206

 

 

THE HAIN CELESTIAL GROUP, INC.
 Reconciliation of GAAP Results to Non-GAAP Measures 
 (unaudited and in thousands, except per share amounts) 
                  Three Months Ended September 30,
                  2017     Adjustments 2017      2016     Adjustments 2016
                  GAAP                 Adjusted  GAAP                 Adjusted
Net sales         $        $           $         $        $           $    
                   708,276     -        708,276   681,464     -        681,464
Cost of sales     576,673  (3,728)     572,945   571,597  (5,570)     566,027
Gross Margin      131,603  3,728       135,331   109,867  5,570       115,437
Operating         95,632   -           95,632    89,695   (1,459)     88,236
expenses ^(a) 
Acquisition
related
expenses,         5,846    (5,846)     -         461      (461)       -
restructuring
and integration
charges
Accounting
review costs,     (1,358)  1,358       -         5,960    (5,960)     -
net of insurance
proceeds
Operating Income  31,483   8,216       39,699    13,751   13,450      27,201
Interest and
other expenses    3,178    3,420       6,598     4,569    1,293       5,862
(income), net
^(b) 
Provision for     8,470    972         9,442     762      5,856       6,618
income taxes
Net income        19,846   3,824       23,670    8,604    6,301       14,906
Earnings per      0.19     0.04        0.23      0.08     0.06        0.14
share - diluted
^(a)Operating expenses include amortization of
acquired intangibles and selling, general, and
administrative expenses
^(b)Interest and other expenses, net include
interest and other financing expenses, net and
other (income)/expense, net
Detail of
Adjustments:
                           Three                          Three
                           Months                         Months
                           Ended                          Ended
                           September                      September
                           30,                            30,
                           2017                           2016
Losses on
terminated                 $                              $          
chilled desserts            1,472                               -
contract
SKU                        -                              5,199
rationalization
Recall and other           -                              183
related costs
U.K. deferred
synergies due to           -                              188
CMA Board
decision
Co-packer                  1,173                          -
disruption
U.K. and HPP               1,083                          -
start-up costs
Cost of sales              3,728                          5,570
Gross Margin               3,728                          5,570
U.K. deferred
synergies due to           -                              283
CMA Board
decision
Recall and other           -                              229
related costs
Severance                  -                              947
related costs
Operating                  -                              1,459
Expenses ^(a)
Acquisition
related
expenses,                  5,846                          461
restructuring
and integration
charges
   Acquisition
related
expenses,                  5,846                          461
restructuring
and integration
charges
Accounting
review costs,              (1,358)                        5,960
net of insurance
proceeds
Accounting
review costs,              (1,358)                        5,960
net of insurance
proceeds
Operating income           8,216                          13,450
Unrealized                 (3,420)                        (1,293)
currency gains
Interest and
other expenses             (3,420)                        (1,293)
(income), net
^(b) 
Income tax
related                    (972)                          (5,856)
adjustments
Provision for              (972)                          (5,856)
income taxes
Net income                 $                              $        
                            3,824                          6,301
^(a)Operating expenses include amortization of acquired intangibles and
selling, general, and administrative expenses
^(b)Interest and other expenses (income), net includes interest and other
financing expenses, net and other (income)/expense, net

 

 

THE HAIN CELESTIAL GROUP, INC.
Net Sales Growth at Constant Currency
(unaudited and in thousands)
                                 Hain Consolidated  United       Rest of World
                                                    Kingdom
 Net sales - Three months ended  $                  $            $      
9/30/17                          708,276            222,445      103,115
 Impact of foreign currency      (4,143)            33           $        
exchange                                                         (4,177)
 Net sales on a constant         $                  $            $      
currency basis -                 704,133            222,478       98,938
   Three months ended 9/30/17 
 Net sales - Three months ended  $                  $            $      
9/30/16                          681,464            220,151       90,412
 Net sales growth on a constant  3.3%               1.1%         9.4%
currency basis 
Net Sales Growth at Constant Currency and Adjusted for
Acquisitions/Divestitures
                                 Hain Consolidated  United
                                                    Kingdom
Net sales on a constant          $                  $          
currency basis -                 704,133            222,478
   Three months ended 9/30/17
Net sales - Three months ended   $                  $          
9/30/16                          681,464            220,151
Acquisitions                     1,780              1,525
Divestitures                     (8,732)            (6,968)
 Net sales on a constant
currency basis adjusted for
   acquisitions and              $                  $          
divestitures - Three months      674,512            214,708
ended   
   9/30/16 
 Net sales growth on a constant
currency
   basis adjusted for            4.4%               3.6%
acquisitions and
   divestitures 
                                 Hain Daniels
Net Sales growth - Three months  (1.4)%
ended 9/30/17
 Impact of foreign currency      0.0%
exchange 
Impact of acquisitions           (0.9)%
Impact of divestitures           4.3%
Net sales growth on a constant
currency basis
  adjusted for  acquisitions     2.0%
and divestitures - Three
  months ended 9/30/17

 

 

 

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SOURCE The Hain Celestial Group, Inc.

Website: http://www.hain-celestial.com
Contact: James Langrock/Mary Anthes, The Hain Celestial Group, Inc.,
516-587-5000
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