Nomad Foods Limited (NOMD) Tops Q2 EPS by 2c, provides guidance

Nomad Foods Limited (NYSE: NOMD) reported Q2 EPS of EUR0.44, EUR0.02 better than the analyst estimate of EUR0.42. Revenue for the quarter came in at EUR753 million versus the consensus estimate of EUR760.57 million.

GUIDANCE:

Nomad Foods Limited sees FY2024 EPS of EUR1.75-EUR1.80, versus the consensus of EUR1.77.

The Company continues to expect organic revenue growth of 3%-4%, driven by positive volume/mix, Adjusted EBITDA growth of 4%-6%. Based on USD/EUR exchange rate as of August 1st, this translates into 2024 Adjusted EPS of $1.89-$1.94. 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.

You May Also Be Interested In

• KeyBanc Downgrades Primoris Services Corporation (PRIM) to Sector Weight
• SEACOR Marine acknowledges letter from shareholder Pointillist
• AMN Healthcare (AMN) Reiterated at Market Outperform by Citizens