A Look at Hain Celestial’s Margins
In 1H18, Hain Celestial’s gross margin was 18.6%, up 110 basis points from 1H17, driven by a 4.4% sales increase. The company’s SG&A (selling, general, and administrative) expenses rose 6.4%. The SG&A expenses, along with acquisition-related charges, were offset by gross margin expansion and reduced accounting review and remediation costs, leading to 22.9% growth in operating income to $67.8 million.