Nomad Foods (NYSE:NOMD) Announces Quarterly Earnings Results

Nomad Foods (NYSE:NOMD) issued its quarterly earnings data on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08, Zacks reports. The company had revenue of $825.94 million during the quarter, compared to the consensus estimate of $822.17 million. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. Nomad Foods’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. Nomad Foods updated its FY 2026 guidance to 1.604-1.779 EPS.

Here are the key takeaways from Nomad Foods’ conference call:

• Retailer disruptions in Germany and France are largely resolved, and Nomad expects improved sales and market-share performance in the third and fourth quarters. Management cautioned that returning to market-share neutrality will take more time.
• Private-label competitors have begun taking significant price increases, particularly in fish categories, but Nomad said it is still too early to assess the resulting elasticity and consumer sellout data.
• The company said its €200 million productivity program remains on track, supporting competitive pricing, a lower price index, and gross-margin improvement. Some quarterly overhead and marketing benefits were attributed to phasing and may reverse later in the year.
• Nomad has suspended share buybacks and is prioritizing deleveraging and lower interest costs, while continuing to pay dividends; management did not provide a target leverage ratio or timeline.
• Management plans to present a broad value-creation strategy at its October analyst and investor day, covering innovation, marketing, sales execution, productivity, and organizational changes aimed at improving long-term competitiveness.

Nomad Foods Stock Up 5.5%

Shares of NYSE:NOMD opened at $12.03 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.91. The company has a fifty day simple moving average of $11.24 and a 200 day simple moving average of $10.83. The firm has a market cap of $1.68 billion, a PE ratio of 11.68 and a beta of 0.69. Nomad Foods has a 12-month low of $8.99 and a 12-month high of $15.91.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Tuesday, August 11th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Tuesday, August 11th. Nomad Foods’s payout ratio is 66.02%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its holdings in Nomad Foods by 1.9% during the 2nd quarter. Tidal Investments LLC now owns 38,037 shares of the company’s stock worth $646,000 after acquiring an additional 726 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Nomad Foods by 0.4% in the 2nd quarter. California Public Employees Retirement System now owns 268,627 shares of the company’s stock valued at $4,564,000 after purchasing an additional 1,044 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Nomad Foods by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock valued at $45,000 after purchasing an additional 1,240 shares in the last quarter. Nebula Research & Development LLC lifted its position in shares of Nomad Foods by 4.4% during the second quarter. Nebula Research & Development LLC now owns 35,152 shares of the company’s stock worth $597,000 after purchasing an additional 1,481 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Nomad Foods by 12.7% during the second quarter. Captrust Financial Advisors now owns 18,481 shares of the company’s stock worth $314,000 after purchasing an additional 2,084 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 target price on shares of Nomad Foods in a research note on Tuesday, July 21st. BTIG Research reiterated a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a report on Wednesday, May 13th. Weiss Ratings raised shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Zacks Research upgraded Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, Barclays lifted their target price on Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.25.

Nomad Foods News Roundup

Here are the key news stories impacting Nomad Foods this week:

• Positive Sentiment: Earnings and revenue exceeded expectations: Nomad Foods reported adjusted EPS of $0.45, ahead of the $0.37 consensus estimate, while revenue of $825.94 million modestly surpassed expectations of $822.17 million. EPS was also above the prior-year result of $0.40. Nomad Foods Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Profitability trends improved: Management said pricing and productivity drove a positive gross-margin inflection. Reported gross margin expanded 130 basis points, while adjusted gross margin increased 110 basis points. Adjusted free-cash-flow conversion also improved year over year. Nomad Foods Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: Full-year outlook remains broadly aligned with expectations: Nomad Foods set fiscal 2026 EPS guidance at $1.604 to $1.779, compared with analyst consensus of $1.750. The range provides limited upside to estimates but keeps the midpoint near expectations.
• Negative Sentiment: Revenue and volumes declined: Second-quarter reported revenue fell 3.1% to €724 million, with organic revenue down 2.9%. Volume declined 5.9%, only partly offset by a 3.0% positive price-mix contribution, suggesting consumers or retailers remain cautious. Nomad Foods Q2 Earnings Snapshot
• Negative Sentiment: Underlying earnings weakened: Adjusted EBITDA declined 4.3% to €124 million, adjusted EPS fell 2.5% to €0.39, and reported profit decreased 15% to €49 million. These results indicate that pricing and cost savings have not fully offset lower volumes.

About Nomad Foods

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.