Friday, 29 April 2016

Potato Europe: 40 Traders in the Commercial Village

Potato Europe: 40 Traders in the Commercial Villag...

 Most attending traders can be found in the "Commercial Village" at Potato Europe, under...

Experts from IRI, Geometry Global and Integer provide the latest trends at Sweets & Snack Expo

Experts from IRI, Geometry Global and Integer prov...

 Executives from Information Resources, Geometry Global and Integer will deliver presentations on ...

The 100th Annual Meeting of the Potato Association of America to Be Held in Michigan This Year

The 100th Annual Meeting of the Potato Association...

   The 100th Annual Meeting of The Potato Association of America is an educational and networking...

tna Appoints New Chief Sales Officer

tna Appoints New Chief Sales Officer

 The food processing and packaging solutions provider tna announces the appointment of Peter Oussoren a...

McDonald’s quashes all-you-can-eat fries reports

McDonald’s quashes all-you-can-eat fries reports

  McDonald's Corp. is quashing reports that a coming Missouri restaurant will test all-you-can-eat fri...

PepsiCo Financial Report Shows Significant Growth for Frito-Lay North America

PepsiCo Financial Report Shows Significant Growth for F...

 Frito-Lay North America have been positively impacted by productivity gains and lower raw material cos...

BetterFRY, a Technology Shortlisted for the Final of the International European MRW Awards

BetterFRY, a Technology Shortlisted for the Final of th...

    Canadian company Eco Friendly Chef Corp has developed a patented technology named “BetterFRY” whi...

tna Helps Snack Manufacturer to Increase Production Capacity

tna Helps Snack Manufacturer to Increase Production Cap...

Algerian snack manufacturer Maravilla increased production capacity by 25 per cent by installing high p...

DTS Builds the Largest Steam Cooker in the World

DTS Builds the Largest Steam Cooker in the World

  Together with the Dutch potato processing company Rixona, which is part of the Aviko group, DTS have...

Americans Were Asked which Lay's Flavors Stay and which Go

Americans Were Asked...

   For the first time in brand history, the Lay's brand a...

TOMRA Sorting Food: steam peeling can reduce the waste within the potato industry

TOMRA Sorting Food: ...

 The manufacturer of sensor-based food sorting systems, TO...

Australian Company Makes Potatoes Melt When Exposed to High Temperatures

Australian Company M...

  The Australian Research and Development company Potato ...

Heat and Control Releases Unitized Vacuum Fryer

Heat and Control Rel...

  Heat and Control, a global manufacturer and supplier of...

Using Nature to Create

Using Nature to Crea...

  As a global leader in the production of dehydrated pota...

Search Begins for Scottish Strategic Potato Farm

Search Begins for Sc...

  AHDB has announced the quest for the first farmer host ...

£150K potato storage fellowship cultivates cutting edge research

£150K potato storage...

  Capitalizing on work from the horticulture sector, Dr R...

Company launches new formulation of biofungicide

Company launches new...

  Marrone Bio Innovations, a U.S. provider of bio-based p...

Welsh potato growers get latest know-how on Potato Day

Welsh potato growers...

  Over 50 potato growers gathered at the County Showground ...

Chile considered robust market for American agricultural equipment

Chile considered rob...

  In the most recently released U.S. Department of Commer...

The acquisition of Kettle Foods and strength in Emerald snack nuts and Pop Secret products helped contribute to a 92% increase in income during the year for Diamond Foods, Inc.

For the year ended July 31, the company had income of $50,211,000, equal to $2.28 per share on the common stock, which compared with income of $26,211,000, or $1.40 per share, during the previous year. Sales for the quarter were $965,922,000, up 42% from $680,162,000 during fiscal 2010.

"Our base Diamond business delivered record financial results this quarter with our snack portfolio up a solid 16% on an organic bases," said Michael J. Mendes, chairman, president and chief executive officer. "We're particularly pleased that we could achieve such strong performance while effectively managing the Pringles integration."

For the fourth quarter ended July 31, the company had income of $8,544,000, or 39c per share, up 27% from $6,740,000, or 31c per share, during the same quarter of the previous year. Sales for the quarter were $232,773,000, up 32% from $176,618,000.

The company said it expects full-year fiscal 2011 earnings per share to be in the range of $3.05 to $3.15, given the Pringles transaction closes in the first half of December. This is an increase from the previously announced $3 to $3.10.

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