Kettle Chips maker Diamond Foods has recorded a $10.7m loss in the first quarter of 2013 after incurring expenses for an investigation into improper payments to walnut growers.
Diamond Foods has said it will file all of its late SEC filings ‘as promptly as practicable’ following a second NASDAQ determination letter threatening delisting.
Snack maker Diamond Foods has said that it has made some market share gains following its failed Pringles bid and is taking steps to reposition the business, including rekindling relationships with walnut growers.
Procter & Gamble has reaffirmed its commitment to complete the sale of global snack brand Pringles to Diamond Foods by June 2012, despite a sharp fall in Diamond’s share price last week.