Diamond Foods, Inc. (Diamond) is a packaged food company focused on building and energizing brands. Diamond specializes in processing, marketing and distributing snack products and culinary, in-shell and ingredient nuts. The Company sells its products to global, national, regional and independent grocery, drug and convenience store chains, as well as to mass merchandisers, club stores and other retail channels. The Company’s business segments include Snacks and Nuts. The Snacks segment includes products sold under Kettle U.S., Kettle U.K. and Pop Secret. The Nuts segment includes products sold under Emerald and Diamond of California. As of October 31, 2014, the Company’s sales to Wal-Mart Stores, Inc., which includes sales to both Sam’s Club and Wal-Mart, accounted for approximately 16.5% of its net sales. For the fiscal year ended July 31, 2014 (fiscal 2014), its sales to Costco Wholesale Corporation accounted for 9% of its net sales.