Key Developments For Hain Celestial Group Inc
Hain Celestial Group Inc (HAIN.O) (Nasdaq)
The Hain Celestial Group, Inc. Reaffirms FY 2010 EPS Guidance; Revises FY 2010 Revenue Guidance
The Hain Celestial Group, Inc. announced that for fiscal 2010 it has reaffirmed the guidance for earnings per share to be in the range of $1.19 to $1.28 and sales are expected to increase from 4% to 6% from the Company's fiscal year 2009 sales base less HPP sales, items discontinued in the SKU rationalization and the reclassification of promotional expenses. Net sales are expected to be $1.0 to $1.02 billion due to the effect of the reclassification. According to Reuters Estimates, analysts are expecting the Company to report revenue of $1.0 billion and EPS of $1.23 for fiscal 2010.
Martha Stewart Living Omnimedia To Introduce New Food Business With The Hain Celestial Group, Inc. And Hain Pure Protein Corporation
Martha Stewart Living Omnimedia announced that it has partnered with The Hain Celestial Group, Inc. and its affiliate Hain Pure Protein Corporation to introduce a new Martha Stewart-branded food line at retail, including poultry from Plainville Farms, baking mixes from Arrowhead Mills and dried pastas from DeBoles using all natural, healthy ingredients. The product lines are expected to be distributed in supermarkets, mass-market retailers and warehouse clubs across the country. Hain Pure Protein is a joint venture between Hain Celestial and Pegasus Capital Advisors, L.P.
The Hain Celestial Group, Inc. Announces Joint Venture With Hutchison Whampoa Ltd.'s Hutchison China Meditech Limited To Develop Natural And Organic Consumer Products In Asia
The Hain Celestial Group, Inc. announced that it has signed a joint venture agreement with Hutchison China MediTech Limited. With pharmaceutical and healthcare operations primarily in China, Hutchison China MediTech Limited will market and distribute infant and toddler feeding products co-branded under the Earth's Best and Zhi Ling Tong brand names and market and distribute selected The Hain Celestial Group, Inc. brands in China and other markets, leveraging the worldwide retail network for product distribution of the Hutchison Whampoa Group. Under the terms of the agreement, each partner will own 50% of a newly created entity, Hutchison Hain Organic Holdings Limited.
The Hain Celestial Group, Inc. Reaffirms FY 2010 Guidance-Conference Call
The Hain Celestial Group, Inc. reaffirmed fiscal 2010 guidance for sales of $1.01 to $1.03 billion and earnings per share (EPS) of $1.19 to $1.28. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $1.22 on revenue of $1.01 billion for the same period.
The Hain Celestial Group, Inc. Issues FY 2010 Outlook Below Analysts' Estimates
The Hain Celestial Group, Inc. announced that for fiscal 2010, it expects sales of $1.010 billion to $1.030 billion and earnings per share (EPS) of $1.19 to $1.28. Sales are expected to increase from 4% to 6% from the Company's fiscal year 2009 sales base less sales of HPP and items discontinued in the SKU rationalization. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $1.211 billion and EPS of $1.37 for fiscal 2010.
