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Hain Celestial Reports Healthy Financial Numbers

June 22, 2017: 12:00 AM EST
Organic and natural products company Hain Celestial posted an adjusted profit of $192.9 million on net sales of $2.9 billion for fiscal 2016, an 11 percent increase over 2015, and 13 percent on a constant currency basis, compared to fiscal 2015 sales of $2.6 billion. Sales figures were buffeted by $69.2 million in foreign exchange fluctuations over the prior year. For the first nine months of fiscal 2017, the company reported flat net sales of $2.1 billion over the prior year, but a four percent increase on a constant currency basis. Sales were affected by $96.2 million from foreign exchange rate movements over the prior year. CEO Irwin Simon said the company accomplished “substantial cost-savings, enhancing customer-centric, go-to market initiatives and fueling innovation.” [ Image credit: © Hain Celestial ]
"Hain Celestial Announces Financial Results and Expands Strategic Plan to Deliver Enhanced Shareholder Value", Earnings release, Hain Celestial, June 22, 2017, © Hain Celestial
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