#United Kingdom #financial results #Woking #Nomad Foods #Birds Eye

Nomad Foods Reports Third Quarter 2026 Financial Results

Nomad Foods Limited (NYSE: NOMD) recently released its financial outcomes for the third quarter ending September 30, 2026. The results exhibit promising figures, indicating the company’s commitment to growth within the competitive frozen food market.

Financial Highlights

The Q3 report reveals a notable 2.3% increase in reported revenue, reaching €770 million compared to the same quarter the previous year. Organic revenue saw a rise of 1.6%, supported by stable volume alongside a positive contribution of 1.8% from pricing adjustments.

• - Gross Profit: Nomad achieved a gross profit of €207 million this quarter, although there was a slight decrease of 70 basis points in gross margin. Adjusted gross profit also showed a mild decline of 1.7%, reflecting the impacts of incentivizing compensation adjustments and previous quarter benefits, hinting at operational pressures.
• - Profit for the Period: There was a substantial increase in profit for the period, which surged by 16% to €67 million. However, Adjusted EBITDA experienced a decrease of 1.5%, attributed to increased incentive compensation costs.
• - Earnings Per Share (EPS): Reported diluted EPS rose by 21% to €0.47, while adjusted EPS, reflecting more standardized metrics, decreased slightly by 4.1%, settling at €0.47.

Management Insights

Dominic Brisby, the Chief Executive Officer of Nomad Foods, commented on the outcomes, noting, "Our third-quarter results reflect the progress we discussed at our analyst day and mark an important milestone as we returned to organic revenue growth, with volume flat for the first time since 2024." Brisby highlighted the company's ongoing efforts to fortify operations, simplify structures, and boost commercial effectiveness.

Year-to-Date Performance

From January to September 2026, Nomad Foods noted a revenue decline of 2.2%, driven by a volume downturn of 3.5%. Adjusted gross profit dipped 4.8% to €601 million during the same period, with margins squeezed by persistent supply chain inflation despite operational efficiencies.

Strategy Forward

In revisiting its financial guidance, the management anticipates organic revenue to drop between 2% and 3% for the entire year and Adjusted EBITDA to decline by 5% to 10%. Expectations for Adjusted EPS remain steady at €1.38 to €1.53. The Company also aims for a robust Adjusted Free Cash Flow conversion rate of 90% or greater, emphasizing its commitment to uphold solid financial health amid external pressures.

Interactive Investor Engagement

To further engage with investors, Nomad Foods has scheduled a live Q&A session regarding the Q3 financial results. Interested parties can participate by dialing the numbers provided based on their location. The recorded session will subsequently be available on their website for later access.

Nomad Foods, rooted in the UK's frozen food sector, prides itself on offering high-quality, convenient meal solutions through beloved brands like Birds Eye and iglo. The continuous evolution of its strategies aims not only to respond to market trends but also to foster deeper connections with consumers, ensuring lasting demand and growth.