Nomad Foods Limited (NOMD) Tops Q4 EPS by 1c, provides guidance

Nomad Foods Limited (NYSE: NOMD) reported Q4 EPS of EUR0.32, EUR0.01 better than the analyst estimate of EUR0.31. Revenue for the quarter came in at EUR761 million versus the consensus estimate of EUR768.83 million.

GUIDANCE:

Nomad Foods Limited sees FY2024 EPS of EUR1.75-EUR1.80, versus the consensus of EUR1.79. Based on USD/EUR exchange rate as of February 17th, this translates into 2024 adjusted EPS of $1.89-$1.95. The Company expects full year cash flow conversion in the range of 90% to 95%. Company expects organic net revenue growth of 3%-4%, driven by positive volume/mix, adjusted EBITDA growth of 4%-6%.

For earnings history and earnings-related data on Nomad Foods Limited (NOMD) click here.

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