Pivotal Research Upgrades Diamond Foods (DMND) to Hold
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Diamond Foods Reports Third Quarter Fiscal 2015 Financial Results
June 4, 2015 4:01 PM EDTSAN FRANCISCO, June 4, 2015 (GLOBE NEWSWIRE) -- Diamond Foods, Inc. (Nasdaq: DMND) ("Diamond" or the "Company") today reported financial results for its fiscal 2015 third quarter and nine months ended April 30, 2015.
Third Quarter Fiscal 2015 Highlights
Net sales were $186.1 million, down 2.5% Snacks segment net sales were $113.9 million, down 0.3% Nuts segment net sales were $72.2 million, down 5.8% Gross margin was 28.5%, compared to 23.6% GAAP net income was $6.3 million and GAAP diluted earnings per share ("EPS") was $0.20 Non-GAAP net income was $7.4 million and non-GAAP diluted EPS was $0.23, up 109.1% Adjusted EBITDA was $30.0 million, up... More