Quarterly ResultMay 7, 2026, 06:47 AM
Nomad Foods Q1 Revenue 715M, Adj. EPS 0.23; Raises FY26 EPS Outlook
AI Summary
Nomad Foods reported its first-quarter 2026 financial results, with reported revenue decreasing 5.9% to 715 million and Adjusted EPS declining 34.3% to 0.23. Despite the Q1 declines, management reiterated its full-year organic sales and Adjusted EBITDA guidance while raising its Adjusted EPS outlook to 1.47- 1.62. The company highlighted meaningful progress in organizational reshaping and talent recruitment, with a new strategy to be unveiled at an upcoming Investor Day.
Key Highlights
- Q1 2026 Reported Revenue decreased 5.9% to 715 million.
- Organic revenue declined 5.3%, driven by a 4.4% volume decrease.
- Gross margin contracted 210 basis points to 25.7%.
- Adjusted EBITDA decreased 22.9% to 93 million.
- Adjusted Diluted EPS decreased 34.3% to 0.23.
- Full-year 2026 Adjusted EPS guidance raised to 1.47- 1.62.
- Full-year 2026 Organic Revenue expected to decline 2%-5%.
- Full-year 2026 Adjusted Free Cash Flow conversion expected at 90% or greater.