Diamond Foods, Inc. (DMND) reported net income for the second quarter of $10.1 million or $0.43 per share, compared to a net loss of $20.2 million or $0.93 per share for the year-ago quarter.
The latest quarter results include $6.7 million of net charges mainly for audit committee investigation, restatement-related expenses, consulting fees, retention, severance and accrued contract termination expenses, offset in part by the clawback of bonuses previously paid to the former CEO and the reversal of certain previously recorded stock compensation expenses associated with former executives. The results also included an $18.6 million gain related to a change in the fair value of the Oaktree warrant liability.
Excluding items, adjusted net income for the second quarter was $1.1 million or $0.05 per share, compared to $233,000 or $0.01 per share in the prior year quarter.
Net sales for the second quarter fell to $220.84 million from $262.35 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.06 per share on revenue of $239.03 million for the second quarter. Analysts' estimates typically exclude special items.
The company expects to continue its strategy to seek improvements to net price realization through reductions in discounting and to rationalize Emerald SKUs. This continued strategic emphasis should result in consolidated net sales in the second half of fiscal 2013 to be down more on a year-over-year basis as compared to the first half of the fiscal year, the company noted.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.