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 Q4 2020

Earnings data Q1 2021

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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

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.

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Nomad Foods Limited (NYSE:NOMD ) Q4 2022 Results Conference Call February 23, 2023 8:30 AM ET Company Participants Anthony Bucalo - IR Stefan Descheemaeker - CEO Samy Zekhout - CFO Conference Call Participants Andrew Lazar - Barclays John Baumgartner - Mizuho Securities Rob Dickerson - Jefferies Cody Ross - UBS Stefanos Christ - CGS Securities Operator Ladies and gentlemen, greetings, and welcome to the Nomad Foods Fourth Quarter and Full Year 2022 Earnings Call. A brief question-and-answer session will follow the formal presentation [Operator Instructions].

Nomad Foods Limited (NOMD) Q4 2022 Earnings Call Transcript

Nomad Foods (NOMD) delivered earnings and revenue surprises of -8.11% and 2.80%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Nomad Foods (NOMD) Q4 Earnings and Revenues Miss Estimates

The average of price targets set by Wall Street analysts indicates a potential upside of 34.4% in Nomad Foods (NOMD). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe Nomad Foods (NOMD) Could Rally 34.36%: Here's is How to Trade

Full year Adjusted EPS of €1.68 Completes 6th consecutive year of record annual reported revenue, Adjusted EBITDA and Adjusted EPS 2023 Adjusted EPS guidance range of  €1.50 to  €1.55 FELTHAM, England , Feb. 23, 2023 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) (the "Company" or "Nomad Foods"), today reported financial results for the three and twelve-month periods ended December 31, 2022.  Key operating highlights and financial performance for the fourth quarter 2022, when compared to the fourth quarter 2021, include: Reported revenue increased 6.6% to €750 million Organic revenue increase of 7.7% Reported Profit for the period of €37 million Adjusted EBITDA up slightly to €113 million Adjusted EPS of €0.33 Key operating highlights and financial performance for the full year 2022, when compared to the full year 2021, include: Reported revenue increased 12.8% to €2,940 million Organic revenue increase of 1.8% Reported Profit for the period of €250 million Adjusted EBITDA increased 8% to €524 million Adjusted EPS of €1.68 Management Comments Stéfan Descheemaeker, Nomad Foods' Chief Executive Officer, stated, "We are pleased to report that 2022 was another year of record revenue, Adjusted EBITDA and Adjusted EPS for Nomad Foods, again proving the resilience of our operating model in a challenging macro environment.

Nomad Foods Reports Fourth Quarter and Full Year 2022 Financial Results

Company Also Announces Presentation at 2023 CAGNY Conference FELTHAM, England , Feb. 9, 2023 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced it will report results for the fourth quarter and full year ended December 31, 2022 before New York Stock Exchange market open on Thursday, February 23, 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 Fourth Quarter and Full Year 2022 Results on Thursday, February 23, 2023

The mean of analysts' price targets for Nomad Foods (NOMD) points to a 32.5% 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.

Does Nomad Foods (NOMD) Have the Potential to Rally 32.46% as Wall Street Analysts Expect?

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The average of price targets set by Wall Street analysts indicates a potential upside of 37.1% in Nomad Foods (NOMD). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 37.06% Upside in Nomad Foods (NOMD): Here's What You Should Know

The mean of analysts' price targets for Nomad Foods (NOMD) points to a 38.3% 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 Predict a 38% Upside in Nomad Foods (NOMD): Here's What You Should Know

Despite the difficult economic environment with high energy prices, rising inflation and political disruption, Nomad managed to sail well through it. Third-quarter sales rose sharply by 27% and earnings per share also rose 49%.

Nomad Foods: 17% Buyback Yield Is Waiting

The mean of analysts' price targets for Nomad Foods (NOMD) points to a 31.7% 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 Believe Nomad Foods (NOMD) Could Rally 32%: Here's is How to Trade

FELTHAM, England , Nov. 10, 2022 /PRNewswire/ -- Nomad Foods Limited ("Nomad Foods" or the "Company") announces that it has closed on the issuance of both a USD 700 million term loan bearing interest at a rate per annum equal to the SOFR rate plus 3.75% and a EUR 130 million term loan bearing interest at a rate per annum equal to EURIBOR plus 3.5%, both due 2029 (collectively the "Term Loans").  The net proceeds of the Term Loans were used to repay the Company's existing USD 960 million principal term loan due in 2024, and for transaction expenses and general corporate purposes.

Nomad Foods Announces Closing of Term Loans

Nomad Foods Limited. (NYSE:NOMD ) Q3 2022 Earnings Conference Call November 9, 2022 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 Andrew Lazar - Barclays Jason English - Goldman Sachs Cody Ross - UBS John Baumgartner - Mizuho Peter Saleh - BTIG Robert Moskow - Crédit Suisse Jon Tanwanteng - CJS Securities Operator Ladies and gentlemen, good morning and welcome to the Nomad Foods Q3 Earnings Call.

Nomad Foods Limited (NOMD) Q3 2022 - Earnings Call Transcript

Nomad Foods (NOMD) delivered earnings and revenue surprises of 18.18% and 6.55%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Nomad Foods (NOMD) Surpasses Q3 Earnings and Revenue Estimates

Revenue growth of 26.7% with Adjusted EPS of €0.52 Reiterate Full Year Adjusted EPS Guidance of €1.65 - €1.71 FELTHAM, England , Nov. 9, 2022 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three and nine month periods ended September 30, 2022. Key operating highlights and financial performance for the third quarter 2022, when compared to the third quarter 2021, include: Reported revenue increased 26.7% to €760 million Organic revenue increase of 7.2% Reported Profit for the period of €82 million Adjusted EBITDA increased 35.3% to €153 million Adjusted EPS increase 48.6% to €0.52 Management Comments Stéfan Descheemaeker, Nomad Foods' Chief Executive Officer, stated, "I am pleased to report that Nomad Foods performed well in the third quarter, delivering strong sales growth and Adjusted EPS of €0.52, up nearly 50% year-on-year.

Nomad Foods Reports Third Quarter 2022 Financial Results

FELTHAM, England , Nov. 8, 2022 /PRNewswire/ -- Nomad Foods Limited ("Nomad Foods" or the "Company") today announces that it has priced both a USD 700 million Term Loan bearing interest at a rate per annum equal to the SOFR rate plus 3.75% due 2029 and a EUR 130 million Term Loan bearing interest at a rate per annum equal to EURIBOR plus 3.5% due 2029 (collectively the "Term Loans"). The Company intends to use the net proceeds from the Term Loans to repay its existing USD 960 million principal Term Loan due in 2024 and for transaction expenses and general corporate purposes.

Nomad Foods Announces Pricing of Term Loans

Nomad Foods (NOMD) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Nomad Foods (NOMD) Moves 5.6% Higher: Will This Strength Last?

FELTHAM, England , Oct. 31, 2022 /PRNewswire/ -- Nomad Foods Limited ("Nomad Foods" or the "Company") today announced the launch of an anticipated refinancing of its existing USD denominated Term Loan B of USD 960 million principal due mid 2024 (the "Existing Loan") with a USD 825 million seven-year term loan (the "Term Loan") with lender meetings anticipated to follow later this week (the "Refinancing"). The Company intends to use the net proceeds of the Refinancing to refinance its Existing Loan and use the balance of the proceeds for transaction expenses and general corporate purposes.

Nomad Foods Announces Launch of Refinancing of Senior Secured Term Loan

Strong organic revenue and profit growth supported by company-wide pricing actions Reiterate Full Year Adjusted EPS Guidance of €1.65 - €1.71 FELTHAM, England , Oct. 31, 2022 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD), today announces selected preliminary financial results for the three month period ended September 30, 2022. Nomad Foods Limited will report its financial results for the third quarter ended September 30, 2022, before the New York Stock Exchange opens on November 9, 2022.

Nomad Foods Announces Third Quarter 2022 Preliminary Financial Results ahead of refinancing existing USD Term Loan B

FELTHAM, England , Oct. 26, 2022 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced it will report results for the third quarter ended September 30, 2022 before New York Stock Exchange market open on Wednesday, November 9, 2022. 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 2022 Results on Wednesday, November 9, 2022

NOMD owns a portfolio of leading frozen food brands in Europe. The company has shown consistent top and bottom line growth. Although NOMD has substantial debts, these are mostly fixed interest and mature after 2023. There is some maturity risk, but it is controlled.

Nomad Foods Offers Quality At Value Price

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Nomad Foods is experiencing strong growth: from 2016 to 2020, the company's revenue grew 6% year-over-year and its earnings per share grew 13% year-over-year. There were temporary supply chain disruptions due to the war in Ukraine.

Nomad Foods: Great Fishing In Troubled Waters

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