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Oct. 15, 2012 /PRNewswire/ -- The Hain Celestial Group, Inc. (NASDAQ: HAIN), a leading natural and organic products company providing consumers with A Healthy Way of Life™, will conduct a conference call on
Thursday, November 1, 2012 at
4:30 PM (Eastern Time) to review its First Quarter Fiscal Year 2013 results, which will be released prior to the call.
In addition, Hain Celestial reconfirmed its annual guidance for fiscal year 2013 previously provided on
August 22, 2012.
Fiscal Year 2013 GuidanceThe Company does not provide quarterly guidance. On
August 22, 2012, the Company provided the following guidance for its fiscal year 2013.
Net sales range of $1.600 billion to $1.615 billion in sales, approximating 10% to 11% growth over its annualized fiscal year 2012 sales base.
Earnings of $2.10 to $2.20 per diluted share.
August 22, 2012, the Company announced that
Hain Daniels, its wholly owned subsidiary, had entered into an agreement to acquire Premier Foods plc's portfolio of market-leading packaged grocery brands. The acquisition, which is subject to approval by Premier Foods' shareholders and consent from its banking syndicate, is expected to close by the end of October or the beginning of November 2012. The Company estimates that net sales during the eight month period from closing to
June 30, 2013 will approximate
$180 million with accretion in earnings per diluted share during that period approximating
$0.25 before acquisition related charges.
As previously disclosed, guidance is provided on continuing operations on a non-GAAP basis and therefore excludes results of discontinued operations from our private label chilled ready meals and Daily Bread™ sandwich businesses and acquisition and integration expenses that may be incurred during the Company's fiscal year 2013, which the Company will continue to identify when it reports its financial results. Guidance excludes the impact of the above discussed pending acquisition of the Premier Foods brands and any future acquisitions or discontinued operations not now contemplated. Historically, the Company's sales and earnings are strongest in its second and third quarters.