Earnings ·
Nomad Foods reported second quarter 2026 financial results for the period ended June 30, 2026
NOMDNomad Foods Ltd
Nomad Foods reported second quarter 2026 financial results for the period ended June 30, 2026. Reported revenue decreased 3.1% to €724 million, driven by a 5.9% volume decline partially offset by a 3.0% positive price-mix contribution. Adjusted gross margin expanded 110 basis points to 28.9%, while adjusted EBITDA fell 4.3% to €124 million and adjusted EPS declined 2.5% to €0.39. The company lowered its full-year adjusted EPS guidance to €1.38-€1.53 ($1.59-$1.76) due to higher interest expenses from recent refinancing, while maintaining organic revenue decline expectations of 2%-5%. Nomad Foods operates in the frozen food industry as Europe's leading manufacturer and distributor of branded frozen products.