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Former NYPD Chief Kelly Joins Board of Natural-Foods Company Hain Celestial
The company also reports a jump in profit to $71.1 million
By CHELSEY DULANEY
Aug. 18, 2015 8:34 a.m. WALL STREET JOURNAL
Hain Celestial Group Inc. said Tuesday that former New York City Police Commissioner Raymond Kelly has joined its board, while the natural-foods company reported a 20% jump in sales in its latest quarter.
Mr. Kelly served as New York’s police commissioner for 14 years. Last year, Mr. Kelly joined commercial real-estate firm Cushman & Wakefield Inc. in a new division to advise clients on how to protect themselves from terrorism, crime and other threats.
Lake Success, N.Y.-based Hain Celestial’s products include Arrowhead Mills nut butters, Terra Chips and Celestial Seasonings teas. Whole Foods Market Inc. is one of its largest customers.
For its fiscal-fourth quarter ended June 30, Hain Celestial reported a profit of $71.1 million, or 68 cents a share, up from $35.7 million, or 35 cents a share, a year earlier.
Excluding special items, per-share earnings were 55 cents.
Sales jumped to $698.1 million from $583.8 million a year earlier.
Analysts polled by Thomson Reuters had forecast 55 cents a share in earnings on $694.7 million in revenue.
For its newly started fiscal year, the company forecast earnings of $2.11 to $2.26 a share on sales of $2.97 billion to $3.11 billion. Analysts had been expecting $2.19 a share in earnings on $2.98 billion in sales.
Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com
Former NYPD Chief Kelly Joins Board of Natural-Foods Company Hain Celestial
The company also reports a jump in profit to $71.1 million
By CHELSEY DULANEY
Aug. 18, 2015 8:34 a.m. WALL STREET JOURNAL
Hain Celestial Group Inc. said Tuesday that former New York City Police Commissioner Raymond Kelly has joined its board, while the natural-foods company reported a 20% jump in sales in its latest quarter.
Mr. Kelly served as New York’s police commissioner for 14 years. Last year, Mr. Kelly joined commercial real-estate firm Cushman & Wakefield Inc. in a new division to advise clients on how to protect themselves from terrorism, crime and other threats.
Lake Success, N.Y.-based Hain Celestial’s products include Arrowhead Mills nut butters, Terra Chips and Celestial Seasonings teas. Whole Foods Market Inc. is one of its largest customers.
For its fiscal-fourth quarter ended June 30, Hain Celestial reported a profit of $71.1 million, or 68 cents a share, up from $35.7 million, or 35 cents a share, a year earlier.
Excluding special items, per-share earnings were 55 cents.
Sales jumped to $698.1 million from $583.8 million a year earlier.
Analysts polled by Thomson Reuters had forecast 55 cents a share in earnings on $694.7 million in revenue.
For its newly started fiscal year, the company forecast earnings of $2.11 to $2.26 a share on sales of $2.97 billion to $3.11 billion. Analysts had been expecting $2.19 a share in earnings on $2.98 billion in sales.
Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com