Nomad Foods reports Q3 adjusted EPS EUR 0.49 vs. EUR 0.55 last year

Reports Q3 revenue EUR 752.4M vs. EUR 769.6M last year. Stefan Descheemaeker, Nomad Foods (NOMD)’ Chief Executive Officer, stated, “Third quarter results were inline with our expectations. We faced several headwinds this quarter, including weather-related category pressure in July and soft performance in the UK that more than offset strong performance in our Growth Platforms. Importantly, we are making progress towards driving improvement. The category weakness we saw this summer has proven transitory and we are pleased that growth returned to healthy levels by the end of the quarter. We are seeing similar improvement in our retail sell-through growth in the UK where our business has recently stabilized. Looking forward, our pipeline of innovation and renovation initiatives is robust, 2026 price increases have been communicated to the trade and the increased efficiency program we announced in September remains on track. We have more work to do, but I am encouraged by the progress we are making.”