Nomad Foods Ltd - NOMD STOCK NEWS

Nomad Foods (NYSE: NOMD) has scheduled its Third Quarter 2024 financial results announcement for Thursday, November 14, 2024, before NYSE market open. The company will host a conference call at 8:30 AM EDT featuring executive management discussion. North American participants can dial +1-866-250-8117, while international callers can use +1-412-317-6011. The presentation and webcast will be available on the company's website. A two-week replay will be accessible via phone using pin 10192559.

Nomad Foods (NYSE: NOMD), Europe's leading frozen food company, has announced a quarterly cash dividend of $0.15 per share on its ordinary shares. The dividend will be paid on November 26, 2024 to shareholders of record as of November 8, 2024. The company operates through well-known brands including Birds Eye, Findus, iglo, Ledo and Frikom, which provide convenient, high-quality, and nutritious frozen food products to European consumers.

Nomad Foods (NYSE: NOMD) has announced its participation in the upcoming Barclays Global Consumer Staples Conference in Boston, MA. The company's CEO Stéfan Descheemaeker and CFO Ruben Baldew are scheduled to present on Tuesday, September 3, 2024, at 3:00 p.m. ET.

Investors and interested parties can access a live audio webcast of the presentation through Nomad Foods' official website at www.nomadfoods.com. An archive of the webcast will also be available on the same website following the event, allowing those unable to attend live to catch up on the presentation at their convenience.

Nomad Foods (NYSE: NOMD) reported its Q2 2024 financial results, highlighting a 1.1% revenue increase to €753 million and an adjusted EPS of €0.44. Organic revenue grew by 0.5%, driven by a 1.6% increase in volume, offset by a 1.1% price/mix decline. Adjusted EBITDA rose by 5.3% to €139 million. For the first six months of 2024, revenue increased by 1.1% to €1,537 million, with a 0.4% organic growth. However, adjusted EBITDA decreased by 6.1% to €262 million. The company reiterates its 2024 guidance of 3%-4% revenue growth, 4%-6% adjusted EBITDA growth, and adjusted EPS of €1.75-€1.80.

CEO Stéfan Descheemaeker expressed confidence in achieving profitable volume growth in H2 2024, driven by high-margin products and productivity initiatives. Co-Founder Noam Gottesman noted the shift from protecting profitability to driving growth amid improving European consumer backdrop. Key financial metrics include a 10.8% increase in gross profit to €233 million and an adjusted operating expense rise of 15.4% due to increased investments.

Nomad Foods (NYSE: NOMD), Europe's leading frozen food company, has declared a quarterly cash dividend of $0.15 per share on its outstanding ordinary shares. The dividend is set to be paid on August 26, 2024, to shareholders of record as of the close of business on August 10, 2024.

Nomad Foods, headquartered in the United Kingdom, owns a portfolio of iconic frozen food brands including Birds Eye, Findus, iglo, Ledo, and Frikom. These brands have been long-standing favorites among consumers, known for their convenience, high quality, and nutritional value.

Nomad Foods (NYSE: NOMD) has announced it will report its second quarter 2024 financial results on Wednesday, August 7, 2024, before the New York Stock Exchange market opens. The company will host a conference call at 8:30 AM Eastern Daylight Time on the same day to discuss the results with additional comments and details.

Investors can participate in the live call by dialing +1-877-451-6152 (North America) or +1-201-389-0879 (international). A presentation accompanying the conference call and a webcast will be available on the Nomad Foods website under Investor Relations. A replay of the call will be accessible for two weeks following the event.

Nomad Foods (NYSE: NOMD) has appointed Ruben Baldew as Chief Financial Officer, effective June 17, 2024, pending work authorizations. Baldew replaces Samy Zekhout, who will remain until July 31, 2024, to facilitate a smooth transition. Baldew brings over 20 years of global consumer products experience, including a successful tenure as CFO of Accell Group. Baldew's prior roles at Unilever spanned various international finance positions.

CEO Stefan Descheemaeker expressed confidence in Baldew's dynamic leadership and thanked Zekhout for his significant contributions, highlighting Nomad Foods' consistent growth in organic revenue, EBITDA, and EPS during Zekhout's tenure. Co-Chairman Noam Gottesman praised Zekhout's impact on shareholder value and welcomed Baldew's strategic expertise.

Nomad Foods reported first-quarter 2024 financial results with revenue growth of +1.1% and Adjusted EPS of €0.37. The company reiterated full-year 2024 financial guidance, expecting revenue growth of 3%-4%, Adjusted EBITDA growth of 4%-6%, and Adjusted EPS of €1.75-€1.80. Key operating highlights included a 0.3% organic revenue growth and a decrease in Adjusted EBITDA by 16.4% to €122 million. Despite challenges like gross profit decrease, the company remains positive about the growth outlook and confident in generating superior returns for shareholders.

Nomad Foods declared a quarterly cash dividend of $0.15 per share on its ordinary shares. The dividend will be paid on May 28, 2024, to shareholders of record on May 9, 2024. Nomad Foods is Europe's top frozen food company, with well-known brands like Birds Eye and Findus, known for quality and convenience.