LAKE SUCCESS, N.Y.,
Jan. 11, 2016 /PRNewswire/
-- The Hain Celestial Group, Inc. (NASDAQ: HAIN), a
leading organic and natural products company with operations in
North America, Europe and India providing consumers with A Healthier Way
of Life™, today announced that the Company is scheduled to present
at the ICR Conference on Tuesday, January
12, 2016 at 2:30 PM Eastern
Time. A live audio webcast and a replay of the event will be
available under the Investor Relations section of the Company's
website at www.hain.com.
The Company provided second quarter fiscal year 2016 guidance
projecting net sales in the range of $740.0
million to $760.0 million and earnings per diluted share of
$0.53 to $0.56, reflecting the
continuing strong performance of its Hain Pure Protein Corporation
segment and its international businesses in constant currency
offset by certain impacts relating to the
United States segment including lower consumption and
reductions in shipments and inventories at certain customers.
The Company is also updating its annual guidance. The
Company's updated fiscal year 2016 guidance expectations are:
- Total net sales range of $2.90 billion
to $3.04 billion, an increase of approximately 7% to 12% as
compared to fiscal year 2015, which includes a forecasted
unfavorable currency impact of approximately $75 million, and
- Earnings per diluted share range of $1.95 to $2.10, an increase of approximately 4%
to 12% as compared to fiscal year 2015, which includes an estimated
unfavorable currency impact of approximately $0.05 of earnings per diluted share.
Guidance is provided on a non-GAAP basis and excludes
acquisition-related expenses, integration and restructuring
charges, start-up costs, unrealized net foreign currency gains or
losses, reserves for litigation matters and other non-recurring
items, including any product recalls or market withdrawals, that
have been or may be incurred during the Company's fiscal year 2016,
which the Company will continue to identify as it reports its
future financial results. Guidance excludes the impact of any
future acquisitions.
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 and India. 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®, Gluten Free Café™, Hain Pure Foods®, Spectrum®,
Spectrum Essentials®, Walnut Acres Organic®, Imagine®, Almond
Dream®, Rice Dream®, Soy Dream®, WestSoy®, The Greek Gods®,
BluePrint®, FreeBird®, Plainville Farms®, Empire®, Kosher Valley®,
Yves Veggie Cuisine®, Europe's
Best®, Cully & Sully®, New Covent Garden Soup Co.®, 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", "remain", "potential",
"can", "should", "could", "future" and similar expressions, or the
negative of those expressions. These forward-looking
statements include the Company's beliefs or expectations relating
to the Company's guidance for net sales and earnings per diluted
share for the second quarter fiscal year 2016 and the annual
guidance for net sales and earnings per diluted share for fiscal
year 2016. 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. Such
factors include, among others, general economic and financial
market conditions; competition; our ability to respond to changes
and trends in customer and consumer demand, preferences and
consumption; our reliance on third party distributors,
manufacturers and suppliers; the consolidation or loss of a
significant customer; our ability to introduce new products and
improve existing products; availability and retention of key
personnel; our ability to effectively integrate our acquisitions;
our ability to successfully consummate any proposed divestitures;
liabilities arising from potential product recalls, market
withdrawals or product liability claims; outbreaks of diseases or
food-borne illnesses; potential litigation; the availability of
organic and natural ingredients; our ability to manage our supply
chain effectively; changes in fuel, raw material and commodity
costs; effects of climate change on our business and operations;
our ability to offset input cost increases; the interruption,
disruption or loss of operations at one or more of our
manufacturing facilities; the loss of one or more of our
independent co-packers; the disruption of our transportation
systems; risks associated with expansion into countries in which we
have no prior operating experience; risks associated with our
international sales and operations, including foreign currency
risks; impairment in the carrying value of our goodwill or other
intangible assets; our ability to use our trademarks; reputational
damage; changes in, or the failure to comply with, government laws
and regulations; liabilities or claims with respect to
environmental matters; our reliance on independent certification
for our products; a breach of security measures; our reliance on
our information technology systems; effects of general global
capital and credit market issues on our liquidity and cost of
borrowing; potential liabilities not covered by insurance; the
ability of joint venture investments to successfully execute
business plans; dilution in the value of our common shares; and the
other risks detailed from time-to-time in the Company's reports
filed with the Securities and Exchange Commission, including the
annual report on Form 10-K for the fiscal year ended June 30, 2015. 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.
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SOURCE The Hain Celestial Group, Inc.