Hain Celestial Announces Highest Quarterly And Fiscal Year Net Sales In The Company's History
PERFORMANCE HIGHLIGHTS
Fourth Quarter Fiscal Year 2014
- Record net sales of
$583.8 million , a 26% increase - GAAP earnings per diluted share from continuing operations of
$0.70 , a 32% increase - Adjusted earnings per diluted share from continuing operations of
$0.90 , a 39% increase - Adjusted operating income of
$73.9 million , 12.7% of net sales - Record adjusted EBITDA of
$79.4 million , a 27% increase
Fiscal Year 2014
- Record net sales of
$2.154 billion , a 24% increase - GAAP earnings per diluted share from continuing operations of
$2.83 , a 12% increase - Adjusted earnings per diluted share from continuing operations of
$3.17 , a 25% increase - Adjusted operating income of
$256.0 million , 11.9% of net sales - Record adjusted EBITDA of
$300.0 million , a 27% increase - Operating free cash flow reached
$143.2 million for the 12-months endedJune 30, 2014
"We completed our fiscal year with record net sales by delivering solid performance across brands and geographies, and I am pleased with the results," said
Fourth Quarter 2014
Worldwide net sales for the fourth quarter of fiscal year 2014 were a record
The Company earned income from continuing operations of
Fiscal Year 2014
Worldwide net sales for fiscal year 2014 were a record
The Company earned income from continuing operations of
Fiscal Year 2014 Highlights
The Company highlighted several of its accomplishments during fiscal year 2014:
- Completed two strategic acquisitions:
- Tilda, a leading premium 100% branded Basmati and specialty rice products company, which offers a range of over 60 dry rice and ready-to-heat branded products principally in the
United Kingdom , theMiddle East andNorth Africa , Continental Europe,North America andIndia ;-
Rudi's Organic Bakery , a leading organic and gluten-free company, which offers a range of USDA-certified organic and gluten-free bread and baked goods inthe United States andCanada ;
- Worldwide net sales surpassed
$2 billion ; - Introduced over 200 new innovative products worldwide;
- Hain Celestial AOC US consumption as measured by AC Nielsen was 10.8% for the 52-weeks ended
July 5, 2014 ; - Delivered in excess of
$50 million in worldwide productivity savings; - Achieved record adjusted EBITDA of
$300.0 million ; - Generated record operating free cash flow of
$143.2 million ; and - Divested non-core Grains Noirs foodservice business in
Belgium .
The Company, through one of its subsidiaries, nSpired
"Our business continues to benefit from strong growth trends in the organic and natural, better-for-you segment of consumer packaged goods as more consumers and retailers seek out our products. The success of our initiatives to drive profitable sales growth through distribution gains, strategic brand investments, new product innovation and accretive strategic acquisitions in complementary growth categories and geographies has positioned the Company with a solid foundation to capitalize on the tremendous opportunities in front of us. I'm also proud to once again have
Fiscal Year 2015 Guidance
The Company provided annual guidance for fiscal year 2015 including the
- Total net sales range of
$2.725 billion to $2.80 billion ; an increase of approximately 27% to 30% as compared to fiscal year 2014. - Earnings range of
$3.72 to $3.90 per diluted share; an increase of 17% to 23% as compared to fiscal year 2014.
Guidance is provided for continuing operations on a non-GAAP basis and excludes acquisition-related expenses, integration and restructuring charges, factory start-up costs, unrealized net foreign currency gains or losses, reserves for litigation settlements and other non-recurring items that have been or may be incurred during the Company's fiscal year 2015, which the Company will continue to identify as it reports its future financial results. Guidance excludes the impact of any future acquisitions. Sales in the Company's second quarter are historically the highest, and the Company's earnings growth is expected to be the lowest in the first quarter and relatively consistent in the second, third and fourth quarters.
Segment Results
During fiscal year 2014 the Company's operations were organized into the following segments:
The following is a summary of fourth quarter and annual results by reportable segment:
(dollars in thousands) |
United States |
United |
Rest of World |
Corporate/ |
Non-GAAP |
Adjusted (1) |
||||||
Net sales - Three months ended 6/30/14 |
$ |
322,984 |
$ |
200,469 |
$ |
60,375 |
$ |
- |
$ |
- |
$ |
583,828 |
Net sales - Three months ended 6/30/13 |
$ |
285,223 |
$ |
121,131 |
$ |
7,116 |
$ |
- |
$ |
- |
$ |
463,470 |
% change |
13.2% |
65.5% |
5.7% |
26.0% |
||||||||
Operating income (loss) - Three months ended 6/30/14 |
$ |
52,286 |
$ |
20,383 |
$ |
5,387 |
$ |
(18,033) |
$ |
13,885 |
$ |
73,908 |
Operating income (loss) - Three months ended 6/30/13 |
$ |
41,993 |
$ |
11,226 |
$ |
4,827 |
$ |
(18,313) |
$ |
9,968 |
$ |
49,701 |
% change |
24.5% |
81.6% |
11.6% |
48.7% |
||||||||
Operating income margin - Three months ended 6/30/14 |
16.2% |
10.2% |
8.9% |
12.7% |
||||||||
Operating income margin - Three months ended 6/30/13 |
14.7% |
9.3% |
8.5% |
10.7% |
||||||||
(dollars in thousands) |
United States |
United Kingdom |
Rest of World |
Corporate/ |
Non-GAAP Adjustments (1) |
Adjusted (1) |
||||||
Net sales - Twelve months ended 6/30/14 |
$ |
1,282,175 |
$ |
637,454 |
$ |
233,982 |
$ |
- |
$ |
- |
$ |
2,153,611 |
Net sales - Twelve months ended 6/30/13 |
$ |
1,095,867 |
$ |
420,408 |
$ |
218,408 |
$ |
- |
$ |
- |
$ |
1,734,683 |
% change |
17.0% |
51.6% |
7.1% |
24.2% |
||||||||
Operating income (loss) - Twelve months ended 6/30/14 |
$ |
211,864 |
$ |
52,661 |
$ |
17,397 |
$ |
(54,185) |
$ |
28,307 |
$ |
256,044 |
Operating income (loss) - Twelve months ended 6/30/13 |
$ |
177,352 |
$ |
31,069 |
$ |
18,671 |
$ |
(52,780) |
$ |
20,945 |
$ |
195,257 |
% change |
19.5% |
69.5% |
-6.8% |
31.1% |
||||||||
Operating income margin - Twelve months ended 6/30/14 |
16.5% |
8.3% |
7.4% |
11.9% |
||||||||
Operating income margin - Twelve months ended 6/30/13 |
16.2% |
7.4% |
8.5% |
11.3% |
||||||||
(1) See accompanying table of "Reconciliation of GAAP Results to Non-GAAP Measures" |
Webcast
The
The
Safe Harbor Statement
This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. Words such as "plan," "continue," "expect," "expected," "anticipate," "estimate," "believe," "may," "potential," "can," "positioned," "should," "future," "look forward" and similar expressions, or the negative of those expressions, may identify forward-looking statements. These forward-looking statements include the Company's expectations relating to (i) the Company's guidance for net sales and earnings per diluted share for fiscal year 2015; and (ii) growth trends, strategic initiatives and opportunities. Forward-looking statements involve known and unknown risks and uncertainties, which could cause the Company's actual results to differ materially from those described in the forward-looking statements. These factors include, but are not limited to the Company's ability to achieve its guidance for net sales and earnings per diluted share in fiscal year 2015 given the economic environment in the U.S. and other markets that it sells products as well as economic, political and business conditions generally and their effect on the Company's customers and consumers' product preferences, and the Company's business, financial condition and results of operations; changes in estimates or judgments related to the Company's impairment analysis of goodwill and other intangible assets, as well as with respect to the Company's valuation allowances of its deferred tax assets; the Company's ability to implement its business and acquisition strategy; the ability of the Company's joint venture investments to successfully execute their business plans; the Company's ability to realize sustainable growth generally and from investments in core brands, offering new products and its focus on cost containment, productivity, cash flow and margin enhancement in particular; the Company's ability to effectively integrate its acquisitions; the Company's ability to successfully consummate its proposed divestitures; the effects on the Company's results of operations from the impacts of foreign exchange; competition; the success and cost of introducing new products as well as the Company's ability to increase prices on existing products; availability and retention of key personnel; the Company's reliance on third party distributors, manufacturers and suppliers; the Company's ability to maintain existing customers and secure and integrate new customers; the Company's ability to respond to changes and trends in customer and consumer demand, preferences and consumption; international sales and operations; changes in fuel, raw material and commodity costs; changes in, or the failure to comply with, government regulations; the availability of organic and natural ingredients; the loss of one or more of the Company's manufacturing facilities; the ability to use the Company's trademarks; reputational damage; product liability; seasonality; litigation; the Company's reliance on its information technology systems; and the other risks detailed from time-to-time in the Company's reports filed with the
Non-GAAP Financial Measures
This press release and the accompanying tables include non-GAAP financial measures, including adjusted income from continuing operations, adjusted gross profit, adjusted earnings per diluted share, earnings before interest, taxes, depreciation, and amortization ("EBITDA"), adjusted EBITDA and operating free cash flow. The reconciliations of these non-GAAP financial measures to the comparable GAAP financial measures are presented in the tables "Reconciliation of GAAP Results to Non-GAAP Measures" for the three- and 12-months ended
The Company defines EBITDA as net income (a GAAP measure) before income taxes, net interest expense, depreciation and amortization, impairment of long lived assets, equity in the earnings of non-consolidated affiliates and stock based compensation. Adjusted EBITDA is defined as net income before income taxes, net interest expense, depreciation and amortization, impairment of long lived assets, equity in the earnings of non-consolidated affiliates, stock based compensation and acquisition-related expenses, including integration and restructuring charges. The Company's management believes that these presentations provide useful information to management, analysts and investors regarding certain additional financial and business trends relating to its results of operations and financial condition. In addition, management uses these measures for reviewing the financial results of the Company as well as a component of performance-based executive compensation.
For the three-months and 12-months ended
3-Months Ended |
12-Months Ended |
||||||||||||
6/30/2014 |
6/30/2013 |
6/30/2014 |
6/30/2013 |
||||||||||
(dollars in thousands) |
|||||||||||||
Net Income |
$35,724 |
$25,933 |
$139,851 |
$114,656 |
|||||||||
Income taxes |
21,851 |
8,554 |
70,098 |
34,606 |
|||||||||
Interest expense, net |
5,791 |
5,084 |
21,985 |
17,974 |
|||||||||
Depreciation and amortization |
13,443 |
12,571 |
48,040 |
40,093 |
|||||||||
Equity in earnings of affiliates |
(1,857) |
(144) |
(3,985) |
(295) |
|||||||||
Stock based compensation |
2,792 |
3,173 |
12,449 |
13,010 |
|||||||||
EBITDA |
77,744 |
55,171 |
288,438 |
220,044 |
|||||||||
Acquisition related expenses |
|||||||||||||
and restructuring charges |
1,695 |
7,514 |
11,580 |
15,754 |
|||||||||
Adjusted EBITDA |
$79,439 |
$62,685 |
$300,018 |
$235,798 |
The Company defines Operating Free Cash Flow as cash provided from or used in operating activities (a GAAP measure) less capital expenditures. The Company views operating free cash flow as an important measure because it is one factor in evaluating the amount of cash available for discretionary investments.
For the fiscal years ended
12-Months 6/30/2014 |
12-Months 6/30/2013 |
|
(dollars in thousands) |
||
Cash flow provided by operating activities |
$184,768 |
$120,962 |
Purchases of property, plant and equipment |
(41,611) |
(72,877) |
Operating free cash flow |
$143,157 |
$48,085 |
Operating free cash flow for the fiscal year ended
THE HAIN CELESTIAL GROUP, INC. |
|||||
Consolidated Balance Sheets |
|||||
(In thousands) |
|||||
June 30, |
June 30, |
||||
(unaudited) |
|||||
ASSETS |
|||||
Current assets: |
|||||
Cash and cash equivalents |
$ 123,751 |
$ 41,263 |
|||
Trade receivables, net |
287,915 |
233,641 |
|||
Inventories |
320,251 |
250,175 |
|||
Deferred income taxes |
23,780 |
17,716 |
|||
Other current assets |
47,906 |
32,377 |
|||
Total current assets |
803,603 |
575,172 |
|||
Property, plant and equipment, net |
310,661 |
235,841 |
|||
Goodwill, net |
1,134,368 |
876,106 |
|||
Trademarks and other intangible assets, net |
651,482 |
498,235 |
|||
Investments and joint ventures |
36,511 |
46,799 |
|||
Other assets |
28,692 |
26,341 |
|||
Total assets |
$ 2,965,317 |
$ 2,258,494 |
|||
LIABILITIES AND STOCKHOLDERS' EQUITY |
|||||
Current liabilities: |
|||||
Accounts payable |
$ 239,162 |
$ 184,996 |
|||
Accrued expenses and other current liabilities |
84,906 |
76,657 |
|||
Current portion of long-term debt |
100,096 |
12,477 |
|||
Total current liabilities |
424,164 |
274,130 |
|||
Long-term debt, less current portion |
767,827 |
653,464 |
|||
Deferred income taxes |
148,439 |
114,395 |
|||
Other noncurrent liabilities |
5,020 |
14,950 |
|||
Total liabilities |
1,345,450 |
1,056,939 |
|||
Stockholders' equity: |
|||||
Common stock |
516 |
490 |
|||
Additional paid-in capital |
969,697 |
768,774 |
|||
Retained earnings |
629,618 |
489,767 |
|||
Accumulated other comprehensive income |
60,128 |
(27,251) |
|||
Subtotal |
1,659,959 |
1,231,780 |
|||
Treasury stock |
(40,092) |
(30,225) |
|||
Total stockholders' equity |
1,619,867 |
1,201,555 |
|||
Total liabilities and stockholders' equity |
$ 2,965,317 |
$ 2,258,494 |
THE HAIN CELESTIAL GROUP, INC. |
||||||||
Consolidated Statements of Income |
||||||||
(in thousands, except per share amounts) |
||||||||
Three Months Ended June 30, |
Twelve Months Ended June 30, |
|||||||
2014 |
2013 |
2014 |
2013 |
|||||
(Unaudited) |
(Unaudited) |
|||||||
Net sales |
$ 583,828 |
$ 463,470 |
$ 2,153,611 |
$ 1,734,683 |
||||
Cost of sales |
431,628 |
340,748 |
1,586,418 |
1,259,823 |
||||
Gross profit |
152,200 |
122,722 |
567,193 |
474,860 |
||||
Selling, general and administrative expenses |
84,195 |
72,097 |
311,288 |
274,750 |
||||
Amortization of acquired intangibles |
4,352 |
3,558 |
15,600 |
12,192 |
||||
Acquisition related expenses including integration and restructuring charges, net |
3,630 |
7,334 |
12,568 |
13,606 |
||||
Operating income |
60,023 |
39,733 |
227,737 |
174,312 |
||||
Interest expense and other expenses |
4,304 |
5,390 |
20,143 |
20,490 |
||||
Income before income taxes and equity in earnings of |
55,719 |
34,343 |
207,594 |
153,822 |
||||
Income tax provision |
21,852 |
8,554 |
70,099 |
34,324 |
||||
Income of equity-method investees, net of tax |
(1,857) |
(144) |
(3,985) |
(295) |
||||
Income from continuing operations |
35,724 |
25,933 |
141,480 |
119,793 |
||||
Loss from discontinued operations, net of tax |
- |
- |
(1,629) |
(5,137) |
||||
Net income |
$ 35,724 |
$ 25,933 |
$ 139,851 |
$ 114,656 |
||||
Basic net income per share: |
||||||||
From continuing operations |
$ 0.71 |
$ 0.55 |
$ 2.89 |
$ 2.59 |
||||
From discontinued operations |
- |
- |
(0.03) |
(0.11) |
||||
Net income per share - basic |
$ 0.71 |
$ 0.55 |
$ 2.86 |
$ 2.48 |
||||
Diluted net income per share: |
||||||||
From continuing operations |
$ 0.70 |
$ 0.53 |
$ 2.83 |
$ 2.52 |
||||
From discontinued operations |
- |
- |
(0.03) |
(0.11) |
||||
Net income per share - diluted |
$ 0.70 |
$ 0.53 |
$ 2.80 |
$ 2.41 |
||||
Weighted average common shares outstanding: |
||||||||
Basic |
50,079 |
47,235 |
48,875 |
46,176 |
||||
Diluted |
51,144 |
48,543 |
50,003 |
47,572 |
THE HAIN CELESTIAL GROUP, INC. |
||||||
Reconciliation of GAAP Results to Non-GAAP Measures |
||||||
(in thousands, except per share amounts) |
||||||
Three Months Ended June 30, |
||||||
2014 GAAP |
Adjustments |
2014 Adjusted |
2013 Adjusted |
|||
(Unaudited) |
||||||
Gross profit |
$ 152,200 |
$ 9,864 |
$ 162,064 |
$ 125,067 |
||
Selling, general and administrative expenses |
84,195 |
(391) |
83,804 |
71,808 |
||
Amortization of acquired intangibles |
4,352 |
- |
4,352 |
3,558 |
||
Acquisition related expenses including integration and |
3,630 |
(3,630) |
- |
- |
||
Operating income |
60,023 |
13,885 |
73,908 |
49,701 |
||
Interest and other expenses, net |
4,304 |
1,347 |
5,651 |
5,943 |
||
Income before income taxes and equity in earnings of equity-method investees |
55,719 |
12,538 |
68,257 |
43,758 |
||
Income tax provision |
21,852 |
1,337 |
23,189 |
12,714 |
||
(Income) of equity-method investees, net of tax |
(1,857) |
881 |
(976) |
(648) |
||
Income from continuing operations |
$ 35,724 |
$ 10,320 |
$ 46,044 |
$ 31,692 |
||
Income per share from continuing operations - basic |
$ 0.71 |
$ 0.21 |
$ 0.92 |
$ 0.67 |
||
Income per share from continuing operations - diluted |
$ 0.70 |
$ 0.20 |
$ 0.90 |
$ 0.65 |
||
Weighted average common shares outstanding: |
||||||
Basic |
50,079 |
50,079 |
47,235 |
|||
Diluted |
51,144 |
51,144 |
48,543 |
|||
FY 2014 |
FY 2013 |
|||||
Impact on Income |
Impact on Income Tax |
Impact on Income Before |
Impact on Income Tax Provision |
|||
(Unaudited) |
||||||
Acquisition related integration costs |
$ 982 |
$ 223 |
$ 995 |
$ 233 |
||
Factory start-up costs |
2,882 |
656 |
1,350 |
459 |
||
Product recall costs |
6,000 |
2,179 |
- |
- |
||
Cost of sales |
9,864 |
3,058 |
2,345 |
692 |
||
Litigation expenses |
391 |
148 |
- |
- |
||
Acquisition related integration costs |
- |
- |
289 |
110 |
||
Selling, general and administrative expenses |
391 |
148 |
289 |
110 |
||
Acquisition related fees and expenses, integration and restructuring charges |
5,310 |
1,477 |
4,998 |
1,441 |
||
Contingent consideration (income) expense, net |
(1,680) |
(638) |
2,336 |
888 |
||
Acquisition related (income) expenses including integration and restructuring charges |
3,630 |
839 |
7,334 |
2,329 |
||
Unrealized currency impacts |
(570) |
(182) |
(284) |
(96) |
||
Gain on disposal of investment held for sale |
(809) |
(307) |
- |
- |
||
Currency gain on acquisition payment |
- |
- |
(373) |
(142) |
||
Interest accretion and other items, net |
32 |
7 |
104 |
43 |
||
Interest and other expenses, net |
(1,347) |
(482) |
(553) |
(195) |
||
Net (income) loss from Hutchison Hain Organic Holdings Limited discontinued operation |
(881) |
- |
504 |
- |
||
After-tax (income) loss of equity-method investees |
(881) |
- |
504 |
- |
||
Discrete tax benefit resulting from enacted tax rate change |
- |
- |
- |
1,690 |
||
Valuation allowances due to factory start-up costs |
- |
(2,226) |
- |
- |
||
Increase in unrecognized tax benefits |
- |
- |
- |
(466) |
||
Income tax provision |
- |
(2,226) |
- |
1,224 |
||
Total adjustments |
$ 11,657 |
$ 1,337 |
$ 9,919 |
$ 4,160 |
THE HAIN CELESTIAL GROUP, INC. |
||||||
Reconciliation of GAAP Results to Non-GAAP Measures |
||||||
(in thousands, except per share amounts) |
||||||
Twelve Months Ended June 30, |
||||||
2014 GAAP |
Adjustments |
2014 Adjusted |
2013 Adjusted |
|||
(Unaudited) |
||||||
Gross profit |
$ 567,193 |
$ 13,901 |
$ 581,094 |
$ 479,351 |
||
Selling, general and administrative expenses |
311,288 |
(1,838) |
309,450 |
271,902 |
||
Amortization of acquired intangibles |
15,600 |
- |
15,600 |
12,192 |
||
Acquisition related expenses including integration and restructuring charges, net |
12,568 |
(12,568) |
- |
- |
||
Operating income |
227,737 |
28,307 |
256,044 |
195,257 |
||
Interest and other expenses, net |
20,143 |
4,432 |
24,575 |
20,159 |
||
Income before income taxes and equity in earnings of equity-method investees |
207,594 |
23,875 |
231,469 |
175,098 |
||
Income tax provision |
70,099 |
6,054 |
76,153 |
57,069 |
||
(Income) of equity-method investees, net of tax |
(3,985) |
723 |
(3,262) |
(2,146) |
||
Income from continuing operations |
$ 141,480 |
$ 17,098 |
$ 158,578 |
$ 120,175 |
||
Income per share from continuing operations - basic |
$ 2.89 |
$ 0.35 |
$ 3.24 |
$ 2.60 |
||
Income per share from continuing operations - diluted |
$ 2.83 |
$ 0.34 |
$ 3.17 |
$ 2.53 |
||
Weighted average common shares outstanding: |
||||||
Basic |
48,875 |
48,875 |
46,176 |
|||
Diluted |
50,003 |
50,003 |
47,572 |
|||
FY 2014 |
FY 2013 |
|||||
Impact on Income Before |
Impact on Income Tax |
Impact on Income Before |
Impact on Income Tax Provision |
|||
(Unaudited) |
||||||
Acquisition related integration costs |
$ 4,102 |
$ 1,037 |
$ 2,582 |
$ 646 |
||
Factory start-up costs |
3,362 |
765 |
1,909 |
649 |
||
Co-pack contract termination costs |
437 |
166 |
- |
- |
||
Product recall costs |
6,000 |
2,179 |
- |
- |
||
Cost of sales |
13,901 |
4,147 |
4,491 |
1,295 |
||
Acquisition related integration costs |
- |
- |
873 |
265 |
||
Reserve for litigation settlements |
1,614 |
613 |
1,975 |
751 |
||
Expenses related to third party sale of common stock |
224 |
85 |
- |
- |
||
Selling, general and administrative expenses |
1,838 |
698 |
2,848 |
1,016 |
||
Acquisition related fees and expenses, integration and restructuring charges |
16,184 |
5,272 |
11,270 |
2,999 |
||
Contingent consideration (income) expense, net |
(3,616) |
(1,755) |
2,336 |
888 |
||
Acquisition related (income) expenses including integration and restructuring charges |
12,568 |
3,517 |
13,606 |
3,887 |
||
Unrealized currency impacts |
(3,511) |
(1,442) |
1,598 |
617 |
||
Gain on disposal of investment held for sale |
(1,510) |
(573) |
||||
Currency gain on acquisition payment |
- |
- |
(1,769) |
(690) |
||
Interest accretion and other items, net |
589 |
191 |
502 |
156 |
||
Interest and other expenses, net |
(4,432) |
(1,824) |
331 |
83 |
||
Net (income) loss from Hutchison Hain Organic Holdings Limited discontinued operation |
(881) |
- |
1,851 |
- |
||
Hain Pure Protein Corporation mortality losses |
158 |
- |
- |
- |
||
After-tax (income) loss of equity-method investees |
(723) |
- |
1,851 |
- |
||
Worthless stock tax deduction |
- |
- |
- |
13,186 |
||
Change in valuation allowances |
- |
(2,226) |
- |
1,690 |
||
Discrete tax benefit resulting from enacted tax rate change |
- |
3,777 |
- |
1,824 |
||
Change in unrecognized tax benefits |
- |
(550) |
- |
(236) |
||
Nondeductible acquisition related transaction expenses |
- |
(1,485) |
- |
- |
||
Income tax provision |
- |
(484) |
- |
16,464 |
||
Total adjustments |
$ 23,152 |
$ 6,054 |
$ 23,127 |
$ 22,745 |
Logo - http://photos.prnewswire.com/prnh/20130502/NY06743LOGO
SOURCE The
Stephen Smith/Mary Anthes, The Hain Celestial Group, Inc., 516-587-5000