Nomad Foods

Nomad Foods Ltd. operates as a holding company, which manufactures and sells frozen foods for human consumption. The firm offers its products under the brands LUTOSA, la Cocinera, Birds Eye, Iglo, and Findus. The company was founded by Noam Gottesman and Sir Martin E. Franklin on April 1, 2014 and is headquartered in Middlesex, the United Kingdom.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Nomad Foods reports record sales and outlines growth strategies for 2023

Nomad Foods delivered strong financial performance in 2022, overcoming challenges to achieve record sales and profitability.
The company's strategic initiatives to mitigate supply chain disruptions and focus on pricing strategies position it well for growth in 2023.
Opportunities lie in increasing investments, maximizing portfolio value, and exploring cash flow utilization options for shareholder returns.
Nomad Foods' commitment to frozen food value and ambitious financial goals underpin its resilience and growth prospects in the market.

Nomad Foods reports strong Q1 earnings, raises guidance for 2023

Nomad Foods had a solid start to the year, focusing on commercial approach and supply chain savings for growth. The company aims to recoup input cost inflation through pricing strategies and is on track to meet guidance. Investments in marketing and revenue growth strategies are key focus areas for future growth.

Nomad Foods reports strong Q2 performance, raises EPS guidance

Nomad Foods' Q2 performance showcased strong growth and strategic initiatives to drive future success. The company raised its EPS guidance, increased A&P investments, and emphasized innovation and supply chain efficiency. Challenges include managing adjusted figures and market share, with opportunities lying in driving volume growth and market expansion.

Nomad Foods reports solid Q3 performance and plans dividend initiation

Nomad Foods' Q3 2023 performance was solid, with a focus on driving growth through increased advertising, supply chain efficiency, and new category expansion. Despite challenges in volume due to retail disputes, the company remains optimistic about market share recovery and volume growth in 2024. Nomad's strategic investments and cost management efforts position it well for future success.

Nomad Foods reports robust earnings, eyes accelerated growth in 2024

Nomad Foods delivered strong financial results in Q4 and full-year 2023, with a positive outlook for accelerated growth in 2024.
The company's strategic focus on key categories, innovation, and shareholder returns positions it well for future success.
Challenges include sustaining growth momentum, managing competition, and balancing investment priorities.
Opportunities lie in organic sales growth, strategic capital allocation, and potential M&A activities for continued expansion.

Nomad Foods reports solid Q1 performance, eyes growth opportunities

Nomad Foods' Q1 2024 performance showed positive sales growth and improved free cash flow, despite margin challenges. The company's strategic focus on key markets and higher-margin products presents growth opportunities, while cost management remains a priority.

Nomad Foods excels in Q2 2024, eyes market share recovery

Nomad Foods demonstrated strong financial performance in Q2 2024, driven by volume growth, margin expansion, and increased profitability. The company's strategic focus on key growth platforms and market share recapture bodes well for future performance. Opportunities in the evolving European consumer landscape offer potential for sustained growth.

Nomad Foods reports robust Q3 growth amidst ERP challenges

Nomad Foods' Q3 performance showcased strong financial growth despite temporary challenges from ERP implementation.
The company's strategic focus on innovation, market share growth, and premium offerings positions it for sustained success.
Despite lowering full-year revenue outlook, Nomad Foods remains confident in its growth trajectory and investment strategies.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Sales are increasing due to price increases, and gross margins are not falling anymore. SG&A expenses as a percentage of revenue are rising again to recover market share. This is important to recover the brand. Operating income is still following revenue trends, while net interest income was higher than expected.

Nomad Foods Continues To Trade At Fair Value

Nomad Foods manufactures and distributes frozen foods in Europe. The company has achieved growth through acquisitions and a very modest organic growth. Despite high debt, Nomad Foods seems stable as the company's operating earnings have proven good stability.

Nomad Foods: A Stable Performer

Ingredion

Oatly

Plant-based food stocks once captured Wall Street's imagination, symbolizing a shift towards sustainable eating habits. The sector was initially met with a wave of investor enthusiasm, marked by a series of high-profile initial public offerings.

3 Stocks Capitalizing on the Global Shift to Plant-Based Foods

The mean of analysts' price targets for Nomad Foods (NOMD) points to a 38.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See a 38.8% Upside in Nomad Foods (NOMD): Can the Stock Really Move This High?

Plant-based food stocks are coming back into fashion. A few years ago, the hype around the emerging sector was much higher.

3 Plant-Based Food Stocks to Bet on in 2024

The consensus price target hints at a 35% upside potential for Nomad Foods (NOMD). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Nomad Foods (NOMD) Could Surge 34.97%: Read This Before Placing a Bet

Nomad Foods Limited (NYSE:NOMD ) Q3 2023 Results Conference Call November 9, 2023 8:30 AM ET Company Participants Anthony Bucalo - Head of Investor Relations Stefan Descheemaeker - Chief Executive Officer Samy Zekhout - Chief Financial Officer Conference Call Participants Jason English - Goldman Sachs John Baumgartner - Mizuho Securities Rob Dickerson - Jefferies Steve Powers - Deutsche Bank Peter Lukas - CJS Securities Operator Greeting. Welcome to the Nomad Foods Third Quarter 2023 Earnings Call.

Nomad Foods Limited (NOMD) Q3 2023 Earnings Call Transcript

Revenue growth of +0.5% with Adjusted EPS of €0.43 Raise Full Year Adjusted EPS Guidance to €1.57 - €1.60 Announces a New Share Repurchase Authorization of up to $500 million Announces intention to launch quarterly dividend in early 2024  FELTHAM, England , Nov. 9, 2023 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three and nine month periods ended September 30, 2023.  Key operating highlights and financial performance for the third quarter 2023, when compared to the third quarter 2022, include: Reported revenue increased 0.5% to €764 million Organic revenue growth of 1.6% Reported Profit for the period of €78 million Adjusted EBITDA of €140 million Adjusted EPS of €0.43 Management Comments Stéfan Descheemaeker, Nomad Foods' Chief Executive Officer, stated, "In the third quarter, we maintained our organic sales momentum from the first half of the year.

Nomad Foods Reports Third Quarter 2023 Financial Results

FELTHAM, England , Oct. 26, 2023 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced it will report results for the third quarter ended September 30, 2023 before New York Stock Exchange market open on Thursday, November 9, 2023. A conference call with members of the executive management team will be held to discuss the results with additional comments and details.

Nomad Foods to Report Third Quarter 2023 Results on Thursday, November 9, 2023

FELTHAM, England , Sept. 7, 2023 /PRNewswire/ -- Nomad Foods Limited ("Nomad Foods" or the "Company") today announced the launch of an anticipated repricing of its existing USD denominated Term Loan B of USD 700 million principal due 2029 (the "Term Loan") with lender meetings anticipated to follow later this week (the "Repricing").

Nomad Foods Announces Launch of Repricing of its USD Senior Secured Term Loan

Nomad Foods (NOMD) continues to expect revenues in the range of EUR750-EUR755 million for the third quarter of 2023.

Nomad Foods (NOMD) Reaffirms Q3 & Full-Year 2023 Guidance

FELTHAM, England , Sept. 5, 2023 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) (the "Company") will be participating in a fireside chat at the Barclays Global Consumer Staples Conference today, September 5, 2023 at 2:15 p.m.

Nomad Foods Reiterates Full Year 2023 Guidance Ahead of Fireside Chat at the Barclays Global Consumer Staples Conference

FELTHAM, England , Aug. 22, 2023 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced that Stéfan Descheemaeker, Chief Executive Officer, and Samy Zekhout, Chief Financial Officer, will participate in a fireside chat at the Barclays Global Consumer Staples Conference to be held in Boston, MA on Tuesday, September 5, 2023 at 2:15 p.m. ET. An audio webcast of the fireside chat will be made available on Nomad Foods' website at http://www.nomadfoods.com.

Nomad Foods to Participate in Fireside Chat at the Barclays Global Consumer Staples Conference on September 5, 2023

Nomad Foods Limited (NYSE:NOMD ) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Anthony Bucalo - Head of Investor Relations Stéfan Descheemaeker - Chief Executive Officer Samy Zekhout - Chief Financial Officer Conference Call Participants John Baumgartner - Mizuho Peter Saleh - BTIG Jon Tanwanteng - CJS Securities Operator Good morning and welcome to the Nomad Foods' Second Quarter 2023 Earnings Call. Please note that this event is being recorded.

Nomad Foods Limited (NOMD) Q2 2023 Earnings Call Transcript

Nomad Foods (NOMD) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.46 per share a year ago.

Nomad Foods (NOMD) Tops Q2 Earnings Estimates

Revenue growth of +6.9% with Adjusted EPS of €0.40 Raise Full Year Adjusted EPS Guidance to  €1.54 - €1.57 FELTHAM, England , Aug. 9, 2023 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three and six month periods ended June 30, 2023.  Key operating highlights and financial performance for the second quarter 2023, when compared to the second quarter 2022, include: Reported revenue increased 6.9% to €745 million Organic revenue growth of 8.6% Reported Profit for the period of €49 million Adjusted EBITDA increased 4.5% to €132 million Adjusted EPS remained unchanged at €0.40 Management Comments Stéfan Descheemaeker, Nomad Foods' Chief Executive Officer, stated, "Nomad Foods maintained sales momentum from the first quarter of the year into the second quarter.

Nomad Foods Reports Second Quarter 2023 Financial Results

FELTHAM, England, July 26, 2023 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced it will report results for the second quarter ended June 30, 2023 before New York Stock Exchange market open on Wednesday, August 9, 2023. A conference call with members of the executive management team will be held to discuss the results with additional comments and details.

Nomad Foods to Report Second Quarter 2023 Results on Wednesday, August 9, 2023

Nomad Foods Limited stock is down by 10% in the past five years. The company is the leading frozen food provider in Europe. The firm has some of the best brands in its arsenal that are trusted by many customers.

Nomad Foods: Dominant Business At An Attractive Valuation

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Nomad Foods Limited (NOMD) Stock Undervalued Right Now?

Nomad Foods stock has declined by around 45% since its peak two years ago, but organic sales growth is trending positive and margins are stabilizing. The company's debt has been refinanced, and management has reaffirmed its earnings growth targets. With a historically low EPS multiple and potential for valuation multiple expansion, the shares offer significant upside potential over the next few years.

Nomad Foods: Shares Look Cheap As Margins Start To Stabilize

FELTHAM, England , May 24, 2023 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced that Stefan Descheemaeker, Chief Executive Officer, and Samy Zekhout, Chief Financial Officer, will participate in a fireside chat at the Deutsche Bank dbAccess Global Consumer Conference to be held in Paris on Wednesday, June 7, 2023 at 4:30 p.m. Central European Summer Time (10:30 a.m.

Nomad Foods to Participate in Fireside Chat at the Deutsche Bank dbAccess Global Consumer Conference on June 7, 2023

Nomad Foods Limited (NYSE:NOMD ) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Anthony Bucalo - Head of Investor Relations Stefan Descheemaeker - Chief Executive Officer Samy Zekhout - Chief Financial Officer Conference Call Participants Jason English - Goldman Sachs John Baumgartner - Mizuho Securities Peter Saleh - BTIG Simon Negin - UBS Steve Powers - Deutsche Bank Rob Dickerson - Jefferies Jon Tanwanteng - CJS Securities Operator Good morning and welcome to the Nomad Foods' First Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode.

Nomad Foods Limited (NOMD) Q1 2023 Earnings Call Transcript

Nomad Foods (NOMD) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.48 per share a year ago.

Nomad Foods (NOMD) Q1 Earnings and Revenues Beat Estimates

Revenue growth of +5.8% with Adjusted EPS of €0.46 Updated Full Year Adjusted EPS Guidance of €1.52 - €1.55 FELTHAM, England , May 10, 2023 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three month period ended March 31, 2023. Key operating highlights and financial performance for the first quarter 2023, when compared to the first quarter 2022, include: Reported revenue increased 5.8% to €775 million Organic revenue growth of 8.0% Reported Profit for the period of €41 million Adjusted EBITDA increased 11.3% to €146 million Adjusted EPS increased 7.0% to €0.46 Management Comments Stéfan Descheemaeker, Nomad Foods' Chief Executive Officer, stated, "Nomad Foods got off to an exciting start in 2023 as our revenue momentum from the second half of last year continued through the beginning of this year.

Nomad Foods Reports First Quarter 2023 Financial Results

FELTHAM, England , May 4, 2023 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced that Samy Zekhout, Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs Global Staples Forum to be held in New York, NY on Tuesday, May 16, 2023 at 2:35 p.m. ET.   An audio webcast of the fireside chat will be made available on Nomad Foods' website at http://www.nomadfoods.com.

News for Nomad Foods Stock (NOMD)