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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Gary Burton who wrote (9360)5/12/1998 5:13:00 PM
From: Jenna  Read Replies (1) of 120523
 
The Hain Food Group Reports Record Earnings for Fiscal 1998 Third <HAIN.O>

The Hain Food Group Reports Record Earnings for Fiscal 1998 Third Quarter And Nine Months
UNIONDALE, N.Y., May 12 /PRNewswire/ -- The Hain Food Group, Inc. (Nasdaq: HAIN) reported sales for the fiscal 1998 third quarter ended March 31, 1998, of $28,212,000, an increase of 107% over sales of $13,623,000 in the comparable quarter of the prior year. Net income was $1,389,000 or $.11 per share on a diluted basis, compared with net income of $33,000, or $.00 per share on a diluted basis. Results reflect the acquisition of Westbrae Natural, Inc. ("Westbrae"), which was acquired on October 14, 1997, according to Irwin D. Simon, president and chief executive officer. Simon commented, "We are very pleased with the operating results for the current quarter as, traditionally, it is not our strongest sales quarter.

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