Nomad Foods Limited (NOMD) Misses Q1 EPS by 3c, provides guidance

Nomad Foods Limited (NYSE: NOMD) reported Q1 EPS of EUR0.37, EUR0.03 worse than the analyst estimate of EUR0.40. Revenue for the quarter came in at EUR784 million versus the consensus estimate of EUR797.63 million.

2024 Guidance
For the full year 2024, the Company continues to expect organic revenue growth of 3%-4%, driven by positive volume/mix, Adjusted EBITDA growth of 4%-6%, and Adjusted EPS of €1.75-€1.80, implying growth of 9-12%. Based on USD/EUR exchange rate as of May 1st, this translates into 2024 Adjusted EPS of $1.87-$1.93. The Company expects full year cash flow conversion in the range of 90% to 95%.

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

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