Nomad Foods cuts FY25 EPS view to EUR 1.82-EUR 1.89 vs. EUR 1.85-EUR 1.89

Cuts FY25 adjusted EBITDA view to flat to up 2% from up 2%-4%. The company said, “The confluence of greater than expected retailer inventory destocking, higher input cost inflation, macro uncertainty and the prioritization of continued reinvestment in its brands and products has caused Nomad Foods (NOMD) to lower its full year revenue and Adjusted EBITDA outlook while widening its Adjusted EPS guidance range at the low-end. For the full year 2025, Nomad Foods now expects organic revenue growth of 0%-2%, versus 1%-3% growth prior, Adjusted EBITDA growth of 0%-2%, versus 2%-4% growth prior and Adjusted EPS of EUR 1.82-EUR 1.89, implying growth of 2-6%, versus its prior Adjusted EPS range of EUR 1.85-EUR 1.89, as the benefit of a lower share count partially offsets the lower Adjusted EBITDA outlook. Based on USD/EUR exchange rate as of May 2, 2025, this translates into 2025 Adjusted EPS of $2.07-$2.15. The Company is also maintaining its full year adjusted free cash flow conversion guidance to 90% or greater.”