Tea-d off at Hain Celestial?

October 6, 2003

Hain Celestial (HAIN) , which makes Celestial Seasonings teas and a whole host of other products in the fast-growing natural foods sector (Terra Chips, Yves Veggie Cuisine, Nile Spice), served up a huge helping of stock options last year — about 2.3 million shares — according to the ammended 10-K it filed on Friday. Expensing those options — something Hain says it doesn’t choose to do — would have put a major dent in the results. When the company released its year-end results on Sept. 2, it reported net income of 81 cents a share. But expensing the options would have lowered those earnings to just 47 cents a share.

Leave a Reply

You must be logged in to post a comment.