Demand for nut and popcorn drove profit for US snack maker Diamond Foods, the group revealed yesterday (11 March) as the company posted its second-quarter results.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The San Francisco-based company saw its profit for the quarter ended 31 January reach US$6.1m, up from $2.7m in the same period of 2007.


Sales grew almost 13% to reach $150.6m from $133.8m the year before.


The producer of cooking nuts under the Diamond label and snack nuts under the Emerald label raised its earnings guidance from between $1.25 and $1.32 to $1.27 to $1.34.


The company said it expects to benefit from a greater mix of higher-margin business and favourable input costs.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Our strategy to invest in our brands, while lowering the company’s cost structure, enables us to deliver greater value to retail partners and consumers, which is critically important in today’s economy,” said Michael Mendes, president and CEO.


“The attractive value proposition of our consumer franchise is driving strong growth and enabling us to achieve greater scale. Scale and a disciplined focus on efficiency allow us to increase full-year earnings guidance today.”


For the four weeks ended 24 January, Diamond’s culinary nut sales grew 13% in US food stores.


Emerald’s grocery sales grew 11% during the 12-week period as a result of continued focus on improving distribution of core high-velocity items, and the positive market reception to new products such as Cocoa Roast Almonds and Sea Salt & Pepper Cashews.


Pop Secret sales in US food stores for the 12-week period grew 11%, and distribution held steady at 99%.