Hain Celestial schedules first earnings call since 2016

Hain Celestial has scheduled a conference call to discuss the company’s financial results on June 22, making it the first time in more than a year that Hain Celestial has released financial information.

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Phongphan, Bigstockphoto.com
Phongphan, Bigstockphoto.com

Hain Celestial has scheduled a conference call to discuss the company’s financial results on June 22, making it the first time in more than a year that Hain Celestial has released financial information.

The conference call will cover the first three quarters of fiscal year 2017, according to a press release from the company.

Hain Celestial, which is the parent company of poultry company Hain Pure Protein and a shareholder of Empire Kosher Poultry, last reported its financial results in May 2016, when the results of the third quarter of fiscal year 2016 were discussed. Hain Pure Protein and Empire Kosher are both involved in both the broiler and turkey markets.

In August 2016, the company revealed that it would postpone the release of its financial reports for the fourth quarter because it had identified “concessions that were granted to certain distributors in the United States.”

Since that time, Hain Celestial completed an independent review with external counsel with respect to certain distributors, and that audit found no intentional wrongdoing. Several months later, Hain Celestial revealed that it was being investigated by the U.S. Securities and Exchange Commission.

In March, Hain Celestial was notified by the Listing Qualifications Department of the NASDAQ Stock Market that it could be delisted.

Earlier this month, Hain Celestial was given a waiver and extension to file its financial results until June 15.

The conference call will be held at 8 a.m. Eastern Time and will feature remarks by Hain Celestial’s management team. Further information on the call, which will be webcast, can be found on the Hain Celestial website.

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