Nomad Foods Q2 Earnings Call Highlights

Impact · against what's priced in

Nomad Foods' outlook is negative due to lowered full-year EPS guidance and erosion in market share and volumes. While the resolution of retailer disputes and margin expansion provide some offset, they are insufficient to counter the revised bottom-line expectations.

NOMD−0.20

No priced-in read yet

In context

The company lowered its full-year adjusted EPS guidance to EUR 1.38-1.53 and reported a 5.9% decline in volume and losses in market share. These fundamental headwinds are partially mitigated by a 110 basis point increase in adjusted gross margin and the resolution of commercial disputes in France and Germany.

Read from the article alone

• earnings▲7%
• inflation
• NOMD
• consumer goods
• europe
• frozen foods
• gross margin
• productivity
• revenue decline