Diamond Foods (DMND) Misses Q1 EPS by 2c
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Diamond Foods Reports First Quarter Fiscal 2016 Financial Results
December 9, 2015 4:05 PM ESTReiterates Fiscal 2016 Guidance
On Track to Complete Proposed Merger With Snyder's-Lance
SAN FRANCISCO, Dec. 9, 2015 (GLOBE NEWSWIRE) -- Diamond Foods, Inc. (NASDAQ: DMND) ("Diamond" or the "Company") today reported financial results for its fiscal 2016 first quarter ended October 31, 2015.
First Quarter Fiscal 2016 Highlights
Net sales were $224.8Â million, down $21.8 million, or 8.8%, reflecting: $13.0 million from exiting high-volume, low-margin SKUs in the Nuts segment $6.1 million decline mainly in international walnut sales primarily due to lower net price realization $2.6 million of adverse FX... More