Diamond Foods Reports First Quarter Fiscal 2016 Financial Results
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Diamond Foods (DMND) Misses Q1 EPS by 2c
December 9, 2015 4:08 PM ESTDiamond Foods (NASDAQ: DMND) reported Q1 EPS of $0.28, $0.02 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $224.8 million versus the consensus estimate of $233.8 million.
"We are pleased with our first quarter financial results overall, which were driven by continued strong gross margin improvement; net sales, however, were adversely impacted by our decision to exit high-volume, low-margin nut SKUs and by lower net price realization in international walnut sales," said Brian J. Driscoll, President and CEO. "Notably, Kettle U.S.... More
