Diamond Foods, Inc. (DMND) Tops Q1 EPS by 4c Ex-Items, Sales Miss
4:02 PM ET, 12/05/2013 - Street Insider
Diamond Foods, Inc. (NASDAQ: DMND) reported Q1 EPS of $0.18, ex-items, $0.04 better than the analyst estimate of $0.14. Revenue for the quarter came in at $234.7 million versus the consensus estimate of $237.11 million.
"Our first quarter financial results were in line with our expectations and reflect the headwinds we anticipated from lower walnut supply and Emerald re-launch costs," said Brian Driscoll, President and CEO. "We continue to focus on gross margin improvement strategies as well as investing in brand building and innovation as we seek to achieve long-term sustainable growth. Looking ahead, we expect to benefit from the improved foundation of our business, and remain confident that we are on track to achieve earnings improvement in fiscal 2014."
The Company expects year-over-year improvement in fiscal 2014 Adjusted EBITDA as it continues to benefit from the execution of its multi-year turnaround strategy
LOOK' like it or not everyone needs to work together. If they would go the BK way all union jobs will be gone. YRC is not trying to pull anything at all. CHILL OUT