Diamond Foods, Inc. (DMND) Misses Q3 EPS by 5c
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Diamond Foods Reports Third Quarter Fiscal 2014 Financial Results
June 5, 2014 4:01 PM EDTSAN FRANCISCO, June 5, 2014 (GLOBE NEWSWIRE) -- Diamond Foods, Inc. (Nasdaq: DMND) ("Diamond") today reported financial results for its fiscal 2014 third quarter and nine months ended April 30, 2014.
Third Quarter Fiscal 2014 Highlights
Net sales were $190.9 million, up 3.2% year-over-year Snacks segment sales increased 9.6% to $114.3 million and Nuts segment sales decreased 5.0% to $76.6 million Gross margin was 23.6% compared to 23.4% GAAP loss per share was $3.63 primarily attributable to the extinguishment of the Oaktree debt; non-GAAP earnings per share (EPS) was $0.11 Adjusted EBITDA increased 1.5% to $23.5 millionYear-to-Date Fiscal 2014 Highlights
Net... More