Seeking Alpha

Diamond Foods reverses AH on FQ1 outlook

  • After being up 4% AH on a FQ4 beat (juiced by a one-time $13M tax benefit), Diamond Foods (DMND) shares have reversed and are down 5.9% after management said on the conference call that it expects "significant sales and contribution headwinds" in FQ1 due to the relaunch of its Emerald line and lower walnut supply.
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Comments (1)
  • chopchop0
    , contributor
    Comments (4210) | Send Message
    I guess screwing over walnut farmers wasn't a good long-term business strategy after all....
    30 Sep 2013, 09:12 PM Reply Like
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