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Last Update: 15-Oct-12 09:12 ET
Hain Celestial shares slightly higher after company reaffirmed FY13 guidance
Hain Celestial (HAIN $59.60 +0.68) reaffirmed guidance for fiscal year 2013 with EPS of $2.10-2.40, may not be comparable to $2.41 Capital IQ Consensus Estimate; sees FY13 (Jun) revs of $1.6-1.615 billion, may not be comparable to $1.79 bln Capital IQ consensus. Also on August 22, 2012, the company announced that Hain Daniels, its wholly owned subsidiary, had entered into an agreement to acquire Premier Foods plc's portfolio of market-leading packaged grocery brands. The acquisition is expected to close by the end of October or the beginning of November 2012. The Company estimates that net sales during the eight month period from closing to June 30, 2013 will ~$180 mln with accretion in earnings per diluted share during that period ~$0.25 before acquisition related charges. Guidance excludes the impact of the above discussed pending acquisition of the Premier Foods brands and any future acquisitions or discontinued operations not now contemplated.
