This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Hain Celestial Announces First Quarter Fiscal Year 2013 Earnings Conference Call And Webcast On November 1, 2012 And Reconfirms Annual Guidance

MELVILLE, N.Y., 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. 

(Logo: http://photos.prnewswire.com/prnh/20121002/NY84931LOGO )

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.

Also on 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.  

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs