Diamond Foods, Inc. Issues H1 2012 Mixed Guidance; Raises FY 2012 Guidance

Diamond Foods, Inc. announced that for the first half of 2012, it expects net sales of between $540 to $560 million and non-GAAP earnings per share (EPS) ranging from $1.65 to $1.75. For fiscal 2012, it expects non-GAAP EPS to range from $3.05 to $3.15. Net sales of between $1.85 billion and $1.95 billion and EBITDA of $300 million to $310 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.80 and revenue of $276 million for the first quarter of 2012; EPS of $0.92 and revenue of $423 million for the second quarter of 2012; revenue of $1.87 billion and EPS of $3.10 for fiscal 2012.