The Hain Celestial Group, Inc. (NASDAQ:HAIN) Q2 2015 Earnings Conference Call - Final Transcript

Feb 04, 2015 • 08:30 am ET


The Hain Celestial Group, Inc. (NASDAQ:HAIN) Q2 2015 Earnings Conference Call - Final Transcript


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Good day, ladies and gentlemen, and welcome to The Hain Celestial's Second Quarter Fiscal Year 2015 Conference Call. At this time, all participants are in a listen only mode. Later we will conduct the question-and-answer session and instructions will follow at that time (Operator Instructions). As a reminder, this conference is being recorded.I would now like to introduce your host for today's conference, Mary Anthes, Senior Vice President of Corporate Relations.

Mary Anthes

Thank you, Amanda. Good morning everyone and thank you for joining us today. Welcome to Hain Celestial's second quarter fiscal year 2015 earnings call. Irwin Simon, our Founder, Chairman, President and Chief Executive Officer; John Carroll, Executive Vice President and Chief Executive Officer, Hain Celestial North America; Steve Smith, Executive Vice President and Chief Financial Officer; and Denise Faltischek, Executive Vice President General Council and Chief Compliance Officer, as well as several members of Hain Celestial's management team are with us today to discuss our results.Our discussion today will include forward-looking statements which are

Mary Anthes

(Forward-Looking Cautionary Statements) This conference call is being webcast and an archive of the webcast will be available on our website under Investor Relations. Our call will be brief, so please limit yourself to one question. If time allows, we will take additional questions and management will be available after the call for further discussion.Now, let me turn the call over to Irwin Simon. Irwin?

Irwin Simon

Thank you, Mary and good morning everyone. I hope everybody had an opportunity to review our second quarter fiscal 2015 press release that went out this morning. Hain's diversified portfolio of organic and natural brands continues to generate solid growth worldwide across various sales channels in this quarter, in the past quarter. Even though in calendar year 2014 we have product withdrawal from MaraNatha our first major product we draw till the business was disrupted by a fire our first major fire and those of who you don't know I had an accident, tore a ligament of my knee and had knee surgery in January.

So things happened in three(ph) now with all that behind us only look for good things in the near future.But even with a few challenges in the quarter, which we believe are all transient in nature, we are still able to stay focused and capitalize on our growth opportunities, which show the strength of Hain, our team, our brands our diversified customer base and how well positioned we are in the healthy living category.

We have demonstrated our ability to deliver despite all these obstacles. Looking ahead I am pleased with the outlook for calendar year 2015, more and more consumers are aware of health and wellness category and they continue to grow rapidly with a robust outlook for years and years to come. The demand for healthy better for you products help us generate record net sales up over 31% overcoming foreign currency headwinds as a strength of the U.S. dollar impacted our international results.

Today 40% of our sales are from our international operations.