Nomad Foods (NOMD) Company Report

Nomad Foods anticipates a negative decline in net sales for 2026, primarily due to delays and disruptions in annual negotiations, taking pricing on fish due to cost inflation with an expected lag from competitors, and internal changes.
Management expects a return to growth in 2027 and 2028, characterizing 2026 as a "transition year" focused on operational improvements, strengthening retailer relationships, and enhancing point-of-sale presence.
The company's capital allocation strategy prioritizes organic growth investment and share repurchases, with the potential for M&A to re-emerge, and most European retailer pricing negotiations are anticipated to conclude in Q1 2026.

2 days ago

Transcript

Nomad Foods Provides Q4 2025 Update and 2026 Outlook

NOMD

Guidance Update

Demand Weakening

Share Buyback

Nomad Foods is guiding for a net sales decline in 2026, primarily due to delays and disruptions in annual negotiations, expected pricing on fish due to cost inflation, and anticipated negative volume.
The company's CEO expects a return to growth in 2027 and 2028, with multi-year plans and specific targets to be detailed at an upcoming Analyst Day, characterizing 2026 as a transition year.
Capital allocation priorities include investing in the business to maximize organic growth and share repurchases, as management believes shares are trading below intrinsic value, with potential for M&A in the future.
The frozen category is experiencing robust growth, with a 2.4% increase across Nomad Foods' overall footprint over the past year, outperforming overall food growth.

2 days ago

Transcript

Nomad Foods Guides for Negative Net Sales in 2026, Expects Return to Growth in 2027

NOMD

Guidance Update

Demand Weakening

Share Buyback

Nomad Foods is guiding for a negative decline in net sales for 2026, primarily due to ongoing annual negotiations with retailers, cost inflation in fish leading to pricing actions and expected volume impact, and disruption from internal changes.
Despite the short-term outlook, management anticipates a return to growth in 2027 and 2028, with specific multi-year plans and targets to be shared at an Analyst Day later in the year.
The company's top capital allocation priority is to invest in the business to maximize organic growth, while share buybacks remain a priority as shares are believed to be trading below their intrinsic value.
Both the CEO and CFO plan to make substantial share purchases in the coming weeks, signaling their belief in the company's long-term future.

2 days ago

Transcript

Nomad Foods Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance

NOMD

Earnings

Guidance Update

Share Buyback

Nomad Foods reported full-year 2025 total revenue of €3.0 billion with an organic revenue decline of 1.9%, Adjusted EBITDA of €523 million, and Adjusted EPS of €1.66.
For Q4 2025, total revenue was €773 million, with organic revenue declining 1.3% and Adjusted EPS at €0.43.
The company repurchased €44 million of shares in Q4 2025, bringing the full-year total to €195.6 million, and generated €182 million in Adjusted free cash flow for the year.
Nomad Foods' 2026 guidance projects an organic revenue decline of 2-5%, an Adjusted EBITDA decline of 5-10%, and Adjusted EPS in the range of €1.45 - €1.60.

2 days ago

Presentation

Nomad Foods Reports Fourth Quarter and Full Year 2025 Financial Results

NOMD

Earnings

Guidance Update

Demand Weakening

For the fourth quarter of 2025, Nomad Foods reported a 2.6% decrease in revenue to €773 million and an increase of 2.4% in Adjusted EPS to €0.43 compared to the fourth quarter of 2024.
For the full year 2025, reported revenue decreased 2.2% to €3.0 billion, and Adjusted EPS decreased 6.7% to €1.66 compared to the full year 2024.
The company returned €287 million to shareholders in 2025 via dividends and share repurchases, marking a 38% increase from 2024.
For the full year 2026, Nomad Foods expects organic revenue to decline by 2%-5%, Adjusted EBITDA to decline by 5%-10%, and Adjusted EPS to be €1.45-€1.60.

2 days ago

6-K

Nomad Foods Reports Q4 and Full-Year 2025 Results and Provides 2026 Guidance

NOMD

Earnings

Guidance Update

Share Buyback

Nomad Foods reported a 1.3% organic revenue decline and a 4.7% adjusted EBITDA decrease to EUR 131 million for Q4 2025. For the full year 2025, organic sales declined 1.9% and adjusted EBITDA fell 7.5%.
Full-year 2025 adjusted EPS was EUR 1.66, and the company repurchased EUR 195.6 million of shares during the year.
For 2026, the company forecasts a 2%-5% decline in full-year organic revenue and a 5%-10% decrease in constant currency-adjusted EBITDA.
Adjusted EPS for 2026 is projected between EUR 1.45 and EUR 1.60, with an adjusted free cash flow conversion ratio of 90% or greater.
2026 is expected to be a transition year with anticipated disruption, particularly in Q1, as the company implements strategic repositioning and aims for EUR 200 million in cost savings over the next three years.

2 days ago

Transcript

Nomad Foods Reports Q4 and Full Year 2025 Results, Issues 2026 Guidance, and Outlines Strategic Repositioning

NOMD

Earnings

Guidance Update

CEO Change

Nomad Foods reported a 1.9% organic sales decline and a 7.5% adjusted EBITDA decline for the full year 2025, with EPS of EUR 1.66. For Q4 2025, organic revenue declined by 1.3%, adjusted EBITDA decreased by 4.7% to EUR 131 million, and adjusted EPS grew 2% to EUR 0.43.
The company repurchased EUR 195.6 million worth of shares in 2025 and paid EUR 91.3 million in dividends, marking a 38% increase in cash returned to shareholders compared to 2024.
For 2026, Nomad Foods anticipates a 2%-5% decline in organic revenue, a 5%-10% decline in constant currency-adjusted EBITDA, and adjusted EPS in the range of EUR 1.45 to EUR 1.60. The company also expects an adjusted free cash flow conversion ratio of 90% or greater for the full year.
The new CEO, Dominic Brisby, who began his role in January 2026, highlighted a 190 basis point value market share loss since 2021 and announced plans for strategic repositioning, including targeting EUR 200 million in cost savings from 2026 through 2028. Both the CEO and CFO intend to purchase shares in the open market.

2 days ago

Transcript

Nomad Foods Reports Q4 2025 Results and Provides 2026 Guidance

NOMD

Earnings

Guidance Update

CEO Change

Nomad Foods reported a 1.9% organic sales decline and a 7.5% adjusted EBITDA decline for the full year 2025, with EPS at EUR 1.66.
For Q4 2025, organic revenue declined 1.3%, and adjusted EBITDA decreased 4.7% year-over-year to EUR 131 million, though adjusted EPS grew 2% to EUR 0.43 due to a lower share count.
The company repurchased EUR 195.6 million in shares during 2025 and paid EUR 91.3 million in dividends, marking a 38% increase in cash returned to shareholders compared to 2024.
For 2026, Nomad Foods anticipates a "transition year" with full-year organic revenue declining 2%-5%, constant currency-adjusted EBITDA declining 5%-10%, and adjusted EPS between EUR 1.45-EUR 1.60.
New CEO Dominic Brisby, who assumed the role in January 2026, is focused on improving operational speed and accountability, and both he and CFO Ruben Baldew plan to purchase company shares in the open market.

2 days ago

Transcript

Nomad Foods Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance

NOMD

Earnings

Guidance Update

Share Buyback

Nomad Foods reported Full Year 2025 results with Total Revenue of €3,033 million, an organic revenue decline of 1.9%, and Adjusted EPS of €1.66.
For Q4 2025, the company posted Total Revenue of €773 million, with organic revenue declining 1.3% year-over-year, and Adjusted EPS of €0.43.
The company generated €182 million in Adjusted Free Cash Flow for Full Year 2025 and repurchased €195.6 million of shares during the year, including €44 million in Q4 2025.
Nomad Foods issued 2026 guidance, forecasting an organic revenue decline of 2-5%, an Adjusted EBITDA decline of 5-10%, and Adjusted EPS between €1.45 and €1.60.

2 days ago

Presentation

Nomad Foods Reports Q4 and Full Year 2025 Financial Results

NOMD

Earnings

Guidance Update

Share Buyback

Nomad Foods reported a 2.6% decrease in Q4 2025 reported revenue to €773 million and a 2.2% decrease to €3.0 billion for the full year 2025.
Adjusted EPS increased 2.4% to €0.43 in Q4 2025, while full year 2025 Adjusted EPS decreased 6.7% to €1.66.
The company returned €287 million to shareholders in 2025 through dividends and share repurchases.
For fiscal year 2026, Nomad Foods anticipates organic revenue to decline by 2%-5%, Adjusted EBITDA to decline by 5%-10%, and Adjusted EPS to be €1.45-€1.60.
Management expects 2026 to be a transition year focused on strengthening the organization and improving performance.

2 days ago

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for Nomad Foods.

Q4 2025

Feb 26, 2026

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Q3 2025

Nov 6, 2025

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View All Transcripts

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