Hain Celestial achieved a net income of $56.9 million during the second quarter of fiscal year 2016, a 28 percent increase when compared to the second quarter of fiscal year 2015. The company also saw its net sales reach record levels of $752.6 million, an 8 percent increase on a year-over-year basis.
Helping the diversified natural and organic food company achieve that financial success in the quarter, which ended December 31, 2015, was its Hain Pure Protein segment, which specializes in organic and antibiotic-free chicken and turkey. Hain Celestial also recently completed its acquisition of poultry company Empire Kosher.
“It was our largest quarter ever for Hain Pure Protein, which grew 21 percent, and that excludes the acquisition of Empire,” Irwin Simon, founder, president and CEO of Hain Pure Protein, said during the company’s quarterly earnings conference call on February 1.
Hain Pure Protein sold 1.8 million turkeys during the quarter, as its Plainville Turkey brand saw a 36 percent increase in sales. That success was hampered by an equipment breakdown at its turkey processing facility, which according to company officials, cost the company $1 million, not including the lacking sales from seven days of lost production.
Hain Celestial, headquartered in Lake Success, New York, has operations in North America, Europe and India.