Nomad Foods (NOMD) has released an update.
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Nomad Foods, Europe’s leading frozen food company, reported a modest 0.8% revenue increase for Q3 2024, reaching €770 million, despite temporary ERP system disruptions. The company achieved a significant 28% rise in adjusted EPS to €0.55, driven by strategic investments and a focus on high-margin growth platforms. However, full-year guidance has been adjusted downwards due to the ERP challenges, with expectations for organic revenue growth now set at 1%-2%.
For further insights into NOMD stock, check out TipRanks’ Stock Analysis page.
