Welcome to our dedicated page for Nomad Foods news (Ticker: NOMD), a resource for investors and traders seeking the latest updates and insights on Nomad Foods stock.
Nomad Foods Limited (NYSE: NOMD) is Europe’s leading frozen food company, focused on branded frozen products such as fish, vegetables, poultry, ice cream and ready meals like pizza. The NOMD news feed on Stock Titan aggregates company announcements, press releases and market updates so investors can follow developments affecting this frozen specialty food manufacturer.
News about Nomad Foods frequently centers on its quarterly and interim financial results, where the company reports revenue trends, organic revenue growth or decline, margin performance and non-IFRS measures such as Adjusted EBITDA, Adjusted Profit and Adjusted EPS. These updates often include management commentary on factors influencing performance, including supply chain inflation, weather-related category pressure in Western Europe and changes in retailer merchandising strategies.
Investors can also track capital allocation and financing news, including announcements of quarterly cash dividends on NOMD ordinary shares and details of senior secured term loan refinancings and extensions of the company’s revolving cash facility. Such items provide insight into Nomad Foods’ approach to its balance sheet, debt maturities and cash flow deployment.
Another important category of news involves strategic and operational updates. The company has communicated multi-year efficiency programs aimed at generating operational savings, new medium-term financial targets, and updates on commercial plans such as marketing campaigns for its Birds Eye brand and innovation and renovation initiatives across its frozen portfolio. Governance and leadership items, including director appointments and CEO succession plans, are also disclosed through press releases and Form 6-K filings.
By following the NOMD news page, readers can review a continuous stream of official company communications, from earnings releases and guidance changes to dividend declarations, financing transactions and leadership announcements, all in one place.
Nomad Foods Limited (NYSE: NOMD) is set to report its second-quarter results for the period ending June 30, 2022, before the market opens on August 10, 2022. A conference call with the executive management team will begin at 8:30 AM EDT on the same day, where they will discuss the results in detail. North American listeners can dial +1-877-300-8521, while international participants can call +1-412-317-6026. The call will also be available via webcast on the company’s website, with a replay accessible for two weeks.
Nomad Foods Limited (NYSE: NOMD) will participate in a fireside chat at the 19th Annual dbAccess Global Consumer Conference in Paris on June 15, 2022, at 10:45 a.m. ET. CEO Stefan Descheemaeker and CFO Samy Zekhout will lead the discussion. The event will be webcasted live on the company’s website, enhancing accessibility for investors and stakeholders. Nomad Foods is Europe's leading frozen food company, boasting iconic brands like Birds Eye and Findus, known for their convenient and nutritious offerings.
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Nomad Foods (NYSE: NOMD) reported a 3.6% increase in revenue to €733 million for Q1 2022, despite an organic revenue decline of 4.5%. Adjusted EPS fell 8.5% to €0.43, while reported profit rose to €56 million. The company maintains its full-year adjusted EPS guidance of €1.71 - €1.75, indicating potential growth of 10-13%. Management emphasized resilience amidst macro challenges, including supply chain disruptions due to the Ukraine conflict and inflation. Share repurchases and investment in the Fortenova acquisition are part of their growth strategy.
Nomad Foods is urging the food industry in Europe to adopt a comprehensive end-to-end Life Cycle Assessment (LCA) to better evaluate the environmental impact of food products. The company emphasizes the importance of understanding food waste and its contribution to carbon emissions in the product life cycle. A recent study conducted on 22 of its popular frozen food products revealed that retail and consumer waste contributes to over 160 million tonnes of food waste and 17.25 million tonnes of CO2 emissions in the EU and UK. The study indicates that many frozen food items have lower carbon footprints compared to non-frozen alternatives.
Nomad Foods, a leader in Europe’s frozen food sector, is urging the food industry and regulators to adopt a comprehensive approach to Life Cycle Assessment (LCA) studies. This approach emphasizes food loss and waste impacts to enhance consumer transparency and drive carbon emission reductions. A recent LCA study involving 22 popular frozen products revealed that most had an equal or lower carbon footprint compared to non-frozen alternatives. The study, conducted in collaboration with PRé Sustainability, aims to encourage better environmental practices in food production.
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Nomad Foods (NYSE: NOMD) will report its first-quarter results for the period ending March 31, 2022, before the market opens on May 11, 2022. A conference call is scheduled for 8:30 AM EDT on the same day, allowing participants to discuss the results with executive management. North American listeners can join the call by dialing +1-855-327-6837, while international participants can call +1-631-891-4304. The call will also be webcast, with a replay available for two weeks on the Nomad Foods website.
Nomad Foods Limited (NYSE: NOMD) announced that its Annual Report on Form 20-F, including audited financial statements for the fiscal year ending December 31, 2021, has been filed with the U.S. Securities and Exchange Commission on March 3, 2022. Shareholders can access the report via the company's website or the SEC's platform. The company, recognized as Europe's leading frozen food company, boasts a diverse portfolio, including well-known brands such as Birds Eye and Findus. Hard copies of the Annual Report are available upon request.
Nomad Foods reported a 15% increase in full year Adjusted EPS to €1.55, achieving record annual revenue for the fifth consecutive year. For 2021, total revenue grew 3.6% to €2,607 million, although organic revenue declined by 2.1%. The fourth quarter saw revenue rise 7.0% to €704 million, but organic revenue fell 4.5%. Key challenges include a 10% drop in adjusted gross profit in Q4 and 500 basis points decline in gross margin. Looking ahead, management projects double-digit growth in Adjusted EPS for 2022, estimating a range of €1.71 to €1.75.