The Hain Celestial Group, Inc. Acquires Cully & Sully Limited; Raises FY 2012 EPS Guidance; Lowers FY 2012 Revenue Guidance

The Hain Celestial Group, Inc. announced the acquisition of Cully & Sully Limited in Ireland. Cully & Sully is a marketer and manufacturer of natural chilled soups, savory pies and hot pots, all under the Cully & Sully brand, with a range of approximately 20 products. Details of the transaction were not disclosed. The Company also announced that fiscal 2012 it has raised its annual earnings guidance and adjusted its sales guidance to reflect the discontinued operations of private label chilled ready meals as follows: total net sales of $1.40 billion to $1.41 billion and earnings of $1.76 to $1.80 per diluted share (EPS). According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $1.47 billion and EPS of $1.73 for fiscal 2012.