Nomad Foods (NOMD) Company Report

Nomad Foods' organic growth contracted by 1.6% in Q3 2025, though net sales returned to low-single-digit growth by quarter-end.
In Q3 2025, Adjusted gross margin contracted 420 basis points year-over-year to 28.1%, and Adjusted EBITDA declined 14% year-over-year to €143 million.
Adjusted EPS fell 11% to €0.49 in Q3 2025.
The company returned €151 million through share repurchases and €70 million through dividend payments year-to-date through Q3 2025, collectively up 100% year-over-year.
Management now expects full year 2025 results to be near the low-end of its guidance ranges, with organic revenue projected at 0% to -2% year-over-year, Adjusted EBITDA at -3% to -7% year-over-year, and Adjusted EPS at €1.64 to €1.76.

Nov 6, 2025, 1:30 PM

Presentation

Nomad Foods Reaffirms Strategic Goals and Q4 Guidance Amidst CEO Transition

NOMD

CEO Change

Guidance Update

Share Buyback

Nomad Foods (NOMD) reaffirmed its multi-year efficiency target of €200 million and medium-term goals to compound EBITDA in low single digits, despite a new CEO, Dominic, taking over at year-end.
The company confirmed its Q4 2025 guidance at the low end, implying a top-line between minus one and a half and minus two. For 2026, results are expected to be better than 2025, with most pricing implemented in Q1 2026 to address anticipated single-digit cost price inflation.
The €200 million cost competitiveness program is actively being pursued, with approximately €170 million focused on supply chain savings and the remainder on overheads, aiming to improve product quality and offset inflation.
Management emphasized a continued focus on share purchases, utilizing an additional €150 million in liquidity from recent refinancing, as they believe the company is undervalued by equity markets.

Nov 6, 2025, 1:30 PM

Transcript

Nomad Foods Reports Q3 2025 Results

NOMD

Earnings

Guidance Update

Share Buyback

Organic growth contracted 1.6% in Q3 2025, with Adjusted gross margin contracting 420 basis points year-over-year to 28.1%.
Adjusted EBITDA declined 14% to €143 million and Adjusted EPS fell 11% to €0.49 in Q3 2025.
The company returned €151 million through share repurchases and €70 million in dividend payments year-to-date through Q3-end.
Management expects full year 2025 results near the low-end of its guidance ranges for organic revenue (0% to -2% YoY), Adjusted EBITDA (-3% to -7% YoY), and Adjusted EPS (€1.64 to €1.76).

Nov 6, 2025, 12:00 PM

Presentation

Nomad Foods Reports Q3 2025 Results and Announces CEO Transition

NOMD

Earnings

Guidance Update

CEO Change

Nomad Foods reported a 2.2% decrease in net revenues to €752 million and a 1.6% decline in organic sales for Q3 2025. Adjusted EBITDA decreased 14% to €143 million, and adjusted EPS fell 11% to €0.49.
The company updated its full-year 2025 guidance, now tracking towards the low end of existing ranges for organic sales (low end of flat to -2%), adjusted EBITDA (low end of -3% to -7%), and adjusted EPS (low end of €1.64 to €1.76).
Q3 performance was impacted by elevated input costs and a 420 basis point compression in adjusted gross margin year-on-year. Price increases are set to take effect in early 2026, and the company has established a €200 million efficiency goal over the next three years (2026-2028).
Stephane Deschmeker will transition from CEO to Board Member, with Dominic Brisby appointed as the new CEO effective January 1. Through the first nine months of 2025, the company repurchased €151 million in shares and paid €70 million in dividends, with share repurchases remaining a priority.

Nov 6, 2025, 12:00 PM

Transcript

Nomad Foods Reports Q3 2025 Results and Updates Guidance

NOMD

Earnings

Guidance Update

Debt Issuance

Nomad Foods reported a 2.2% decrease in revenue to €752 million and a 1.6% organic revenue decline for Q3 2025, with Adjusted EBITDA decreasing 14.2% to €143 million and Adjusted EPS down 10.9% to €0.49 compared to Q3 2024.
For the first nine months of 2025, revenue decreased 2.0% to €2,259 million, and Adjusted EBITDA declined 8.4% to €392 million.
The company anticipates full year 2025 results near the low end of its existing guidance ranges, with Adjusted EPS expected near the low end of €1.64 to €1.76.
Nomad Foods initiated a refinancing of its Senior USD and Senior EUR Loan facilities, with new term loans totaling $620.0 million and €880.0 million expected to close on November 10, 2025.

Nov 6, 2025, 11:45 AM

6-K

Nomad Foods Reports Q3 2025 Results and Updates Full-Year Guidance

NOMD

Earnings

Guidance Update

CEO Change

Nomad Foods reported a 2.2% decrease in revenue to €752 million and a 14.2% decrease in Adjusted EBITDA to €143 million for the third quarter ended September 30, 2025, compared to the prior year period. Adjusted EPS also decreased 10.9% to €0.49.
For the first nine months of 2025, revenue decreased 2.0% to €2,259 million, and Adjusted EPS decreased €0.14 to €1.22.
The company anticipates full-year 2025 results to be near the low end of its existing guidance ranges for organic revenue (flat to -2%), Adjusted EBITDA (-3% to -7% year-on-year), and Adjusted EPS (€1.64 to €1.76).
Management cited headwinds such as weather-related category pressure and soft UK performance, but noted growth returned by quarter-end and announced Dominic Brisby will become the new CEO in 2026.

Nov 6, 2025, 11:45 AM

Press Release

Nomad Foods Prices Term Loans and Declares Quarterly Dividend

NOMD

Debt Issuance

Dividends

Nomad Foods Limited priced new term loans, including a USD 620 million term loan at SOFR + 2.5% and a EUR 880 million term loan at EURIBOR + 2.5%, both due in 2032.
The net proceeds from these term loans will be used to repay existing loans, cover transaction expenses, and for general corporate purposes, with the closing expected on November 10, 2025.
The company also extended its EUR 175 million Revolving Cash Facility to 2032.
Nomad Foods declared a quarterly cash dividend of $0.17 per share, which is 13% higher than the prior year's quarterly dividend. This dividend is payable on November 26, 2025, to shareholders of record as of November 10, 2025.

Oct 30, 2025, 11:08 AM

6-K

Nomad Foods Prices Term Loans

NOMD

Debt Issuance

Nomad Foods priced a USD 620 million term loan and a EUR 880 million term loan, both due in 2032 and bearing interest at SOFR + 2.5% and EURIBOR + 2.5%, respectively.
The company also extended its EUR 175 million Revolving Cash Facility to 2032.
The net proceeds from these Term Loans are intended to repay existing loans, cover transaction expenses, and for general corporate purposes.
The Term Loans are expected to close on November 10, 2025.

Oct 30, 2025, 10:55 AM

Press Release

Nomad Foods Announces Launch of Debt Refinancing

NOMD

Debt Issuance

Nomad Foods Limited announced the launch of an anticipated refinancing of its existing senior secured term loans.
The refinancing targets USD 679 million of USD denominated Term Loan B and EUR 130 million and EUR 553 million of EUR denominated Term Loan B, alongside an associated extension of its EUR 175 million Revolving Cash Facility.
Lender meetings are anticipated later this week, though there are no assurances that the refinancing will occur or as to its terms.

Oct 20, 2025, 10:45 AM

6-K

Nomad Foods Announces Launch of Refinancing of Senior Secured Term Loans

NOMD

Debt Issuance

Nomad Foods Limited (NYSE: NOMD) announced the launch of an anticipated refinancing of its existing Term Loan B.
The refinancing involves USD 679 million and EUR 130 million and EUR 553 million in Term Loans.
An associated extension of its Revolving Cash Facility of EUR 175 million is also part of the Refinancing.
Lender meetings are anticipated to follow later this week.