Diamond Foods

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US: Diamond to build snack R&D site

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

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.

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

26 Sep 2014

Diamond Foods expects to return to profitability in its new financial year, pointing to the benefit of an on-trend product portfolio in the US, improved walnut supply and reduced financial costs.

Diamond Foods reports positive earnings evolution

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

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.

US: Diamond takes Kettle brand into popcorn

8 Jul 2014

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

US: Refinancing costs see Diamond Foods post Q3 loss

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.

US: Diamond posts Q2 loss but shares rise

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.

UK: Kettle launches "better for you" baked line

22 Jan 2014

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

US: Diamond to pay US$5m to settle accounting scandal

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.

US: Diamond hit by issues at nut business

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.

US: Diamond FY profits fall, forecasts improvement 2013/14

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.

US: Diamond shares surge on lawsuit settlement, raised guidance

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.

US: Diamond losses fall but restates H1 earnings

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.

US: Former A&P CFO Silcock joins Diamond Foods

11 Jun 2013

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

The week ahead: Sainsbury's & Smithfield results; international meat, poultry, seafood expos

10 Jun 2013

A quiet week for financial updates as results season winds down, with Diamond Foods, Sainsbury's and Smithfield preparing to issue updates. Trade shows will see food companies setting out their wares in various continents from North America to Africa.

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

18 Mar 2013

Food prices - or the prospect of inflation - was a hot topic last week. A vote by the European Parliament to extend sugar quotas to 2020 was criticised, while proposed US changes to country-of-origin labelling were also argued to be set to lead to higher prices. Meanwhile, a drought in Spain is causing concern over global olive oil prices.

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

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.

On the money: Diamond hails turnaround progress

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.

US: Diamond Q2 sales, earnings miss Wall St forecasts

12 Mar 2013

Diamond Foods has booked second-quarter sales and adjusted earnings below Wall Street forecasts, hitting the Kettle Chips firm's shares in early trading today (12 March).

US: Investment fund BlackRock buys Diamond Foods stake

13 Feb 2013

US investment firm BlackRock has snapped up nearly 8% of Kettle Chips manufacturer Diamond Foods.

US: Diamond underlying Q1 profits beat forecasts

18 Dec 2012

Shares in Diamond Foods rose today (18 December) after the Kettle Chips owner reported underlying first-quarter earnings that were ahead of Wall Street forecasts.

US: Diamond Foods shares fall after Q4 loss

10 Dec 2012

Shares in Kettle Chips owner Diamond Foods tumbled today (10 December), the first day of trading after the US snack group reported a fourth-quarter loss.

US: Diamond targets "significant opportunities" to trim costs

5 Dec 2012

US snacks group Diamond Foods has indicated it can see "significant opportunities" to lower its cost base by reducing its overhead structure and tightening its supply chain.

US: Diamond appoints Colo supply chain chief

4 Dec 2012

Diamond Foods has appointed David Colo to the newly-created position of executive vice president, global operations and supply chain.

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

19 Nov 2012

Hostess Brands, one of the largest bakery groups in the US, last week moved to wound down the company, blaming striking workers. Elsewhere, Diamond Foods' CEO, once the boss of Hostess, insisted the Kettle Chips firm was heading in the right direction after a year of turmoil. In Europe, food giants insisted their move to harmonise nutrition labels would benefit consumers, while in the UK, exporters were urged to target China.

US: Diamond Foods trims past profits, reports Q3 loss

16 Nov 2012

Shares in Kettle Chips owner Diamond Foods tumbled after the US company posted lower earnings for 2010 and 2011 in restated accounts - and booked a loss for the first three quarters of its current financial year.

US: Diamond to close Indiana factory

29 Oct 2012

Diamond Foods has signalled its intention to close its Fishers factory in Indiana, with the loss of around 100 jobs.

US: Diamond Foods adds to Kettle Bakes range

16 Oct 2012

Diamond Foods has added new flavours to its Kettle Brand Bakes range on sale in the US.

US: Nasdaq warns Diamond Foods over annual report

8 Oct 2012

Nasdaq has told US snack maker Diamond Foods that failure to file its latest annual report on time will serve as another factor that might lead to a delisting of its shares.

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