SAN FRANCISCO — Diamond Foods, Inc., which previously said it would restate its financial statements for fiscal years 2010 and 2011, all interim periods in fiscal 2011 and the fourth quarter of 2010, also will now include the second and third quarters of fiscal 2010. The company intends to restate the second and third quarters of fiscal 2010 to adjust walnut cost estimates in such quarters.

“Our finance team has been working diligently to complete its preparation of restated consolidated financial statements for fiscal years 2010 and 2011, and to finalize quarterly condensed consolidated financial statements for fiscal 2012,” said Mike Murphy, interim chief financial officer. “We are nearing the point of completion and look forward to being in a position to file our restated results.”

Diamond Foods on Oct. 3 received a determination letter from the NASDAQ Stock Market listing qualifications staff. The letter said Diamond Foods’ failure to file its annual report on Form 10-K for the year ended July 31, 2012, served as an additional basis for a potential delisting of Diamond Foods’ shares.
Previously, San Francisco-based Diamond Foods received an extension from the NASDAQ hearings panel.

The extension requires the company to become current in its periodic report filings with the Securities and Exchange Commission by Dec. 7, 2012, and to hold its annual shareholder meeting by Jan. 14, 2013, to remain listed on the NASDAQ.

Diamond Foods has worked on restating and updating financial records since Feb. 8, 2012, when it said financial statements for the fiscal years 2010 and 2011 will need to be restated because of questions surrounding certain payments to walnut growers.