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Posted: October 2, 2014 at 11:52 pm
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Hain Celestial to Gain on Higher Demand for Organic Food – Analyst Blog
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Increasing appetite for organic products is bringing natural and organic food companies in the limelight, and The Hain Celestial Group, Inc. ( HAIN ) is not any exception. Tapping strategic opportunities, the company constantly endeavors to expand its footprint in organic and natural products and in turn, "Change the Way the World Eats."
Hain Celestial's latest attempt is the acquisition of Tilda Limited, a renowned name in Basmati rice and Rudi's Organic Bakery, one of the leading organic and gluten-free companies. Recently, it fully acquired Hain Pure Protein Corporation.
Earlier, the company had acquired leading packaged grocery brands - Hartley's, Gale's, Robertson's, Frank Cooper's and Sun-Pat - from Premier Foods plc. The company also acquired Ella's Kitchen Group Limited that offers organic baby food products under approximately 80 brands and in easy-to-carry pouches.
A leader in natural food and personal care product categories with an extensive portfolio of well-known brands and strong fundamentals, Hain Celestial is poised to surge as the economy gradually revives and demand for organic food increases.
If we look at the company's earnings surprise history over the last 12 quarters, Hain Celestial has topped the Zacks Consensus Estimate by an average of 3.2%, including an earnings surprise of 1.1% in fourth-quarter fiscal 2014. In the last concluded quarter, the company posted earnings of 90 cents a share that came a penny ahead of the Zacks Consensus Estimate and surged 39% year over year. Management cited that strong top-line growth, integration of acquired businesses and focus on high margin carrying brands led to bottom-line growth.
For fiscal 2015, management now anticipates sales in the range of $2,725 million to $2,800 million, up 27% to 30% from fiscal 2014. Earnings per share are expected between $3.72 and $3.90, representing a year-over-year increase of 17% to 23%.
Hain Celestial's strategic investments coupled with continued efforts to contain costs, increase productivity, and enhance cash flows and margins enabled it to deliver healthy results. The company expects to sustain its momentum as it remains well positioned to capitalize on the growing global demand for organic products through acquisitions, which have been crucial in building market share.
Going forward, we believe that the company will remain focused on increasing productivity and pricing efficiency. Moreover, Hain Celestial has undertaken a number of initiatives to improve its performance and position itself on the growth trajectory. The company's Stock Keeping Unit (SKU) rationalization program has helped in eliminating SKUs, which had lower sales volume or weak margins.
Players such as The Kroger Co. ( KR ), Campbell Soup Company ( CPB ) and Sprouts Farmers Market, Inc. ( SFM ) are entering as well as expanding their presence in the organic and natural food business.
KROGER CO (KR): Free Stock Analysis Report
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Conference brings international organic agriculture leaders together
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PUBLIC RELEASE DATE:
2-Oct-2014
Contact: Susan V. Fisk sfisk@sciencesocieties.org 608-273-8091 American Society of Agronomy @ASA_CSSA_SSSA
Oct. 1, 2014Organic agriculture is growing rapidly in adoption by producers and consumers. However, it is not widely understood in terms of its potential for contributing to food security, economic development, and environmental health. To address this knowledge gap, "Innovations in Organic Food Systems for Sustainable Production & Enhanced Ecosystem Services," a two-day conference, will be held Saturday and Sunday, Nov. 1-2, 2014, in Long Beach, CA. The conference is sponsored by the American Society of Agronomy, Crop Science Society of America and Soil Science Society of America together with the Co-operative Research Program on Biological Resource Management for Sustainable Agricultural Systems under the Organization for Economic Co-operation and Development, (OECD).
This workshop will bring together leaders in organic agricultural systems from around the world to assess the current state of knowledge about innovations that enhance both sustainable food production and ecosystem services. Eighteen scientists from 12 countries will present the latest findings from studies of organic systems, and participants will discuss the implications for both practice and policy.
"We felt it was important to organize this workshop to synthesize, across international boundaries, our current state of knowledge about how organic agriculture and food systems can best contribute to society goals of sustainable food production and enhanced ecosystem services," says conference coordinator Ellen Mallory. "The workshop is structured expressly to generate discussion among participants, to identify research, extension, and policy needs, and to foster future partnerships."
Mallory, an associate professor at University of Maine, is coordinating the workshop along with Patrick Carr (North Dakota State University) and Kathleen Delate (Iowa State University) representing ASA; Mathieu Ngouajio of USDA-NIFA; and Lise Andreasen of ICROFS, Denmark.
Other program sponsors are the USDA National Institute of Food and Agriculture (USDA-NIFA) and the International Centre for Research in Organic Food Systems (ICROFS).
For more information about the Grand Challenges, Great Solutions meeting sponsored by American Society of Agronomy, Crop Science Society of America, and the Soil Science Society of America, visit https://www.acsmeetings.org/. Media are invited to attend the conference. Pre-registration by Oct. 20, 2014, is required. Visit https://www.acsmeetings.org/newsroom for registration information.
To speak with Dr. Mallory, contact Susan V. Fisk, 608-273-8091, sfisk@sciencesocieties.org to arrange an interview.
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Conference brings international organic agriculture leaders together
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NEW ! About Happy - famous quotes and relaxing music !
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Relaxing Music 3 HOURS for Sleeping, Studying, Meditation, SPA, Calming New Age Music – Video
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Sabarmati Ashram, Ahmedabad – Dr Manisha Saxena, Bharuch, Gujarat,India – Video
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Sabarmati Ashram, Ahmedabad - Dr Manisha Saxena, Bharuch, Gujarat,India
Sabarmati Ashram located on the banks of Sabarmati River, Ahmedabad was the home of Mahatma Gandhi for twelve years. From this place many of the movements of Indian freedom struggle started.
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MAA KA JAGRAN 01 – Ashram Kant Darshan Darbar – Video
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MAA KA JAGRAN 01 - Ashram Kant Darshan Darbar
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Swamiji in Zagreb Ashram 29.9.2014.- part 2. – Video
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Swamiji in Zagreb Ashram 29.9.2014.- part 2.
Sri Mahaprabhuji said: What you have inside, that you project outside. The inner purification is very important. Within our antahkarana (mana, buddhi, chitta and ahamkara) are many remains,...
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5 16 – Video
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