Business
Nomad Foods Reports First Quarter 2026 Financial Results
WOKING, England, May 07, 2026--Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three month periods ended March 31, 2026.
About this update from Nomad Foods Limited
[{"type":"text","content":"Management reiterated full year Organic Sales and Adjusted EBITDA guidance while raising its Adjusted EPS outlook","length":113,"tagName":"p","attribs":{}},{"type":"text","content":"Meaningful progress towards reshaping the organization and recruiting top-tier talent during the quarter","length":104,"tagName":"p","attribs":{}},{"type":"text","content":"WOKING, England, May 07, 2026--(BUSINESS WIRE)--Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three month periods ended March 31, 2026.","length":164,"tagName":"p"},{"type":"text","content":"Key operating metrics and financial performance for the first quarter 2026, when compared to the first quarter 2025, include:","length":125,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Reported Revenue decreased 5.9% to €715 million; Organic revenue declined 5.3% with a volume decline of 4.4%","length":108,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross margin contracted 210 bps","length":31,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Profit decreased 12% to €29 million, Adjusted EBITDA decreased 22.9% to €93 million","length":83,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Reported Diluted EPS decreased 5.0% to €0.20; Adjusted EPS decreased 34.3% to €0.23","length":83,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":305,"olType":false},{"type":"text","content":"Management Comments","length":19,"tagName":"p"},{"type":"text","content":"Dominic Brisby, Nomad Foods’ Chief Executive Officer, stated, "We made meaningful progress strengthening our foundation while delivering healthy Adjusted Free Cash Flow in the first quarter. Since the beginning of the year, we have successfully secured our planned level of price increases, realigned order patterns by eliminating inefficient quarter‑end sales incentives, and reshaped the organization while recruiting top‑tier talent. During the quarter we announced two new Regional Presidents reporting directly to me and earlier today we announced a new Chief Marketing Officer. Over the past several months, we have also conducted a comprehensive review of our growth opportunities, and I am increasingly excited about Nomad Foods’ potential to deliver accelerating growth and create long‑term shareholder value. We look f...