Earnings ·
Nomad Foods reports Q2 revenue of €724M, lowers full-year adjusted EPS guidance to $1.59-$1.76
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.