Hain Celestial Says Net Sales Grew Significantly In 3Q Of FY 2016

Hain Celestial Group, Inc., reported net sales grew 13 percent to $750 million in the third quarter ending March 31, 2016. Net sales were affected by $13.9 million of foreign exchange rate movements compared with the previous year. At a constant currency basis, net sales growth was at 15 percent, the company said. In the US, net sales rose 2.7 percent on a constant currency basis. Earnings per diluted share increased 47 percent to $0.47. Operating income was $69 million, or 9.2 percent of net sales, while adjusted operating income was $80.4 million, or 10.7 percent of net sales.