Nomad Foods Ltd. ( (NOMD) ) has released its Q2 earnings. Here is a breakdown of the information Nomad Foods Ltd. presented to its investors.
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Nomad Foods Ltd., a leading European frozen food company, is renowned for its iconic brands like Birds Eye and Findus, offering convenient, high-quality, and nutritious meals. Headquartered in the UK, the company operates in the frozen food sector, focusing on innovation and market expansion.
In its latest earnings report for the second quarter of 2025, Nomad Foods faced challenges due to unfavorable weather conditions impacting sales. Despite these hurdles, the company managed to improve its market share and retail sell-out growth, although it had to lower its full-year guidance to accommodate potential future disruptions.
Key financial metrics for the second quarter showed a slight revenue decline of 0.8% to €747 million, with organic revenue down by 1.1%. The adjusted gross margin contracted by 310 basis points, and adjusted EBITDA decreased by 7.2% to €129 million. Adjusted earnings per share also saw a decline, dropping by 9.1% to €0.40. The company attributed these declines to supply chain inflation and changes in consumer behavior due to weather conditions.
Looking ahead, Nomad Foods remains optimistic about its innovation and renovation initiatives, expecting organic sales growth in the latter half of the year, provided weather conditions normalize. The company is also taking steps to enhance productivity and maintain robust cash generation, aiming for consistent bottom-line growth.
Overall, while the first half of 2025 presented challenges, Nomad Foods’ management is confident in its strategic initiatives and market position, anticipating a recovery in category growth and stronger financial results in the future.