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Nomad Foods Ltd. (NOMD)
:NOMD
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.39Last Year’s EPS
0.33Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -1.48%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
While Nomad Foods faced challenges with the ERP implementation leading to a reduced full-year outlook, the company demonstrated strong gross margin performance, EBITDA and EPS growth, and regained market share. This indicates robust operational management and promising future momentum.Company Guidance
During Nomad Foods' Q3 2024 earnings call, the company provided revised guidance, reflecting a slight reduction in its full-year projections due to ERP-related disruptions. Despite these challenges, Nomad Foods reported a 19% year-over-year increase in adjusted EBITDA and a 28% rise in adjusted EPS to EUR 0.55. Gross margin reached a record high of 32.3%, up 390 basis points year-over-year, driven by favorable price mix and productivity gains. The company adjusted its full-year organic sales growth guidance to 1-2% from the previous 3-4% and now expects adjusted EBITDA growth of 3-5% and adjusted EPS between EUR 1.72 and EUR 1.77. These adjustments are attributed to temporary headwinds from ERP implementation, yet Nomad Foods remains committed to reinvesting in its business to sustain growth and market share improvements.Record Gross Margin
Nomad Foods achieved a record gross margin of 32.3%, an increase of 390 basis points year-over-year.
Strong EBITDA and EPS Growth
Adjusted EBITDA rose 19% year-over-year, while adjusted EPS increased 28% to EUR 0.55.
Market Share Growth
Nomad Foods returned to market share growth in the third quarter, continuing to drive positive volume sales.
Successful Innovation Launches
New product innovations launched in various markets, including poultry and vegetable products, are driving growth.
Southeastern Europe Performance
Sales and adjusted EBITDA in Southeastern Europe are tracking high teens above forecasts, with significant growth in ice cream and fish segments.
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NOMD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NOMD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $16.25 | $16.77 | +3.20% |
| Aug 07, 2024 | $18.20 | $18.30 | +0.55% |
| May 09, 2024 | $17.56 | $18.61 | +5.98% |
| Feb 29, 2024 | $17.94 | $17.97 | +0.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nomad Foods Ltd. (NOMD) report earnings?
Nomad Foods Ltd. (NOMD) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Nomad Foods Ltd. (NOMD) earnings time?
Nomad Foods Ltd. (NOMD) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NOMD EPS forecast?
NOMD EPS forecast for the fiscal quarter 2024 (Q4) is 0.39.
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