Diamond Foods (DMND) Tops Q4 EPS by 2c; Guides FY16 EPS
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Diamond Foods Reports Fourth Quarter and Fiscal Year 2015 Financial Results
September 29, 2015 4:10 PM EDTSAN FRANCISCO, Sept. 29, 2015 (GLOBE NEWSWIRE) -- Diamond Foods, Inc. (NASDAQ: DMND) ("Diamond" or the "Company") today reported financial results for its fourth quarter and fiscal year ended July 31, 2015.
Fourth Quarter Fiscal 2015 Highlights
Net sales were $201.8 million, down $17.3 million or 7.9% Reflects the exit of $15.2 million of high-volume, low-margin SKUs in the Nuts segment and $3.9 million of adverse FX in the Snacks segment Snacks segment net sales were $129.8 million, down 0.2% Nuts segment net sales were $72.0 million, down 19.0% Gross margin was 27.0%, compared to 22.5% GAAP net... MoreDiamond Foods Reports Fourth Quarter and Fiscal Year 2015 Financial Results
September 29, 2015 4:10 PM EDTSAN FRANCISCO, Sept. 29, 2015 (GLOBE NEWSWIRE) -- Diamond Foods, Inc. (NASDAQ: DMND) ("Diamond" or the "Company") today reported financial results for its fourth quarter and fiscal year ended July 31, 2015.
Fourth Quarter Fiscal 2015 Highlights
Net sales were $201.8 million, down $17.3 million or 7.9% Reflects the exit of $15.2 million of high-volume, low-margin SKUs in the Nuts segment and $3.9 million of adverse FX in the Snacks segment Snacks segment net sales were $129.8 million, down 0.2% Nuts segment net sales were $72.0 million, down 19.0% Gross margin was 27.0%, compared to 22.5% GAAP net... More