US: Diamond lifts profit target as sales sparkle
Diamond management rings NASDAQ opening bell
A shift towards higher-margin products has led US snack maker Diamond Foods today (29 January) lifted its earnings targets for fiscal 2010.
Diamond is targeting expects diluted earnings per share (EPS) for the fiscal year ending 31 July 31 to be $1.75 to $1.83 - compared to a previous forecast of $1.72 to $1.82.
During Diamond's fiscal 2009 year, full-year EPS was $1.44 (GAAP) and $1.47 (non-GAAP).
The company said it was seeing "strong revenue growth" from its snack portfolio, where margins continue to improve as "the sales mix shifts toward higher margin retail products".
US snack maker Diamond Foods has unveiled a line of "all natural" Kettle tortilla chips in its first major launch since purchasing the crisp maker earlier this year....
US snack maker Diamond Foods is to extend its Emerald and Pop Secret lines with launches in time for the summer....
- Nestle India grows with global, digital innovation
- How Nestle tackles Indian challenges - interview
- Lamb Weston goes it alone: six things to learn
- Analysis: Tyson's shrewd investment in Beyond Meat
- Thailand: convenience to continue to thrive
- Mars launches Maltesers in the US
- Campbell backs US nutrition start-up Habit
- Bel takes majority stake in MOM Group
- Mondelez focuses on margins as sales slip
- Pladis stepping up growth investments
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Packaged Food: Quarterly Statement Q3 2016
- Omega-3 in Food and Beverage:Time for a Reboot?
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Meat Processing in China - Industry Market Research Report