Diamond Foods

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On the money: Diamond's faith in on-trend range

Diamond Foods expects to return to profitability in its new financial year, pointing to the benefit of an on-trend product portfolio in the...

The week ahead

A quiet week for financial updates as results season winds down, with Diamond Foods, Sainsbury's and Smithfield preparing to issue updates....

On the money: Diamond hails turnaround progress

Katy Askew | 13 Mar 2013

Diamond Foods has insisted it continues to make good progress on its turnaround plan, despite booking a mixed set of results that saw the top and bottom line remain under continued pressure.

Arca takes a larger bite out of the snacks market

Michelle Russell | 4 Jan 2013

Arca Continental's decision to acquire US-based Wise Foods and Ecuadorian snacks firm Inalecsa could come as a surprise, given that the Coca-Cola bottler's interests are primarily in the beverage sector. However, Michelle Russell suggests, the Mexican firm is likely to use the acquisitions to take its Mexican brands into new markets while also leveraging the capabilities of Wise and Inalecsa to boost its Mexican snacks presence.

Comment: Pringles buy is bold move from Kellogg

Dean Best | 15 Feb 2012

The acquisition of Pringles is a step-change for Kellogg. However, the US cereals giant faces a formidable competitor in savoury snacks in PepsiCo, which has seven of the world's top ten brands and will be focused on rebounding after a challenging year. And Kellogg also faces tough markets in the US and Europe in its core cereals business.

Questions remain over future of PepsiCo, Pringles

Dean Best | 13 Feb 2012

PepsiCo remained under scrutiny last week despite the announcement of plans it believes will "strengthen" the company and improve returns for investors, while the future ownership of global snacks brand Pringles is unclear after prospective buyer Diamond Foods changed its CEO and CFO after improper accounting was uncovered at the company.

Latest Interviews

"Transparency" vital in popcorn's growth

Hannah Abdulla | 2 Dec 2014

Americans consume 16bn quarts of popcorn annually, with 70% of popcorn eaten at home. Capturing a share of this is all about keeping it simple and being honest with consumers, Angie Bastian, co-founder of popcorn firm Angie's Artisan Treats tells just-food's Hannah Abdulla.

Linda Segre, Senior vice president, Diamond Foods

Michelle Russell | 27 Aug 2010

The last 12 months have been a busy period for US snack maker Diamond Foods with the purchase of Kettle Foods, several product launches and inked plans for expansion.

Latest News

Food industry quotes: Fonterra, Kellogg, Tyrrells

Hannah Abdulla | 7 Aug 2015

This week, Fonterra said it was reducing capital expenditure plans to mitigate pricing pressure in dairy. Kellogg announced its first half-results and committed to plans to remove artificial colours and flavours from its branded cereals in North America by 2018. Elsewhere, Tyrrells acquired Yarra Valley Snack Foods in Australia and Unilever came under fire in India. Here is the week in quotes

Diamond teams up with UK brands for Kettle line

Hannah Abdulla | 27 Jul 2015

Diamond Foods has teamed up with a number of UK brands to launched a range under its Kettle Chips brand in the country.

Food industry results – Diamond, Real Good Food

Katy Askew | 5 Jun 2015

US snack group Diamond Foods this week reported its third-quarter results and issued an upbeat outlook thanks to a strong domestic performance from Kettle. UK firm The Real Good Food Co. indicated it is considering acquisition opportunities following its disposal of sugar arm Napier Brown. Elsewhere, Grupo Nutresa reported a positive start to the year. Here are this week's results in brief.

Diamond lifts outlook as H1 earnings rise

Katy Askew | 6 Mar 2015

US snack group Diamond Foods has raised the lower end of its full-year earnings outlook after booking higher sales and earnings in the first six months of the fiscal year.

Food industry news of week: Tesco, Fonterra, Mars

Dean Best | 6 Feb 2015

Tesco is to be the first UK retailer investigated for alleged breaches of the country's groceries code in the wake of its mis-statement of profits, it was announced this week. Elsewhere, a staff error led to Fonterra losing its licence to ship cheese to the US and Mars revealed it will close a chewing gum plant in Canada.

Diamond Foods buys majority stake in Yellow Chips

Hannah Abdulla | 4 Feb 2015

US snacks group Diamond Foods has announced the acquisition of a majority stake in Dutch potato chips maker Yellow Chips.

Diamond sees earnings rise on lower costs

Katy Askew | 9 Dec 2014

Diamond Foods reported a jump in first-quarter operating income as the US snacks group lapped a period of elevated costs and one-time expenses.

Diamond to build snack R&D site

Dean Best | 6 Oct 2014

US snack maker Diamond Foods, the owner of brands including Kettle Chips, is building an innovation centre in its domestic market.

Quote, unquote: just-food's week in words

Hannah Abdulla | 29 Sep 2014

This week Tesco found itself under more scrutiny after it overstated expected profits for the first half of the year by GBP250m. Fonterra and Diamond Foods both reported a slump in annual profits but were optimistic about their prospects. Elsewhere Fyffes, Chiquita and Cutrale and Safra continued to go at each other as the former two announced a revised deal for shareholders if they were to merge. Here is the week in quotes.

Diamond Foods reports positive earnings evolution

Katy Askew | 26 Sep 2014

Diamond Foods reported improved earnings trends throughout fiscal 2014, with losses growing progressively narrower over the course of the year.

Quote, unquote: just-food's week in words

Hannah Abdulla | 14 Jul 2014

This week, Unilever announced the sale of Slim-Fast to Kainos Capital. Abbott and Fonterra announced a partnership to create a dairy farm hub in China and Marfrig revealed plans to investment of GBP170m into Moy Park. We also looked at why firms are queueing up to invest in Egypt and looked at the global growth of the halal food sector. Here is the week in quotes.

Diamond takes Kettle brand into popcorn in US

Dean Best | 8 Jul 2014

US snack maker Diamond Foods has decided to take its Kettle brand into its domestic popcorn sector.

Refinancing costs see Diamond Foods post Q3 loss

Hannah Abdulla | 6 Jun 2014

Refinancing charges hit Diamond Foods bottom line with the Kettle Foods maker posting a higher loss of US$105.6m in its third quarter.

Diamond posts Q2 loss but shares rise

Hannah Abdulla | 12 Mar 2014

Shares in Diamond Foods rose despite the US snack maker posting a second-quarter loss after the company's sales and underlying earnings beat analyst expectations.

Kettle launches "better for you" baked line in UK

Katy Askew | 22 Jan 2014

Up-market crisp maker Kettle Foods is launching a line of lower-calorie baked chips in the UK.

Diamond to pay US$5m to settle accounting scandal

Katy Askew | 10 Jan 2014

Diamond Foods will pay a fine of US$5m to settle charges related to an accounting scandal that saw the company delay recording payments to walnut growers in order to inflate profits.

Diamond hit by issues at nut business

Katy Askew | 6 Dec 2013

Diamond Foods has booked a drop in first-quarter sales and earnings, hit by lower walnut supplies and the relaunch of its Emerald nut brand.

Diamond FY profits fall, sees 2013/14 improvement

Dean Best | 1 Oct 2013

US snack firm Diamond Foods has reported a fall in underlying annual profits - but said it expects earnings to improve in its new financial year.

Diamond shares surge on lawsuit agreement

Katy Askew | 22 Aug 2013

Diamond Foods shares surged almost 20% yesterday (21 August) after the company said it has reached an agreement to settle a shareholder lawsuit and raised its financial guidance.

Diamond losses fall but restates H1 earnings

Dean Best | 11 Jun 2013

US snack group Diamond Foods has reported a fall in its losses for the first nine months of its financial year, although the Kettle Chips owner has had to restate its first-half earnings.

Former A&P CFO Silcock joins Diamond Foods

Dean Best | 11 Jun 2013

Kettle Chips owner Diamond Foods has named former A&P CFO Raymond Silcock as its new finance chief.

Editor's choice: highlights on just-food last week

Dean Best | 18 Mar 2013

Morrisons last week announced firmer plans for an online food service - and the UK retailer could join forces with specialist Ocado. Larger rival Tesco, meanwhile, launched its own price-comparison scheme to lure in customers. Tesco, however, attracted more headlines on horsemeat with another recall. On a separate note, an Irish meat firm was said to know its beef was contaminated a year ago. Dole Food Co., Chiquita and Diamond Foods were among companies announcing results and, on the M&A front, UK firm Burton's Biscuit Co. could soon be up for grabs.

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