Nomad Foods reports preliminary Q2 2026 financial results
- Nomad Foods (NYSE:NOMD) announced preliminary Q2 2026 results, expecting a 2.5% to 3.5% decline in organic revenue.
- The company's share price traded higher at $11.89 in the pre-market following the preliminary earnings announcement.
- Management expects second-quarter results to be ahead of prior expectations, supported by recent price increases.
Nomad Foods (NYSE:NOMD) announced preliminary second-quarter 2026 financial results, describing the ongoing fiscal period as a rebuilding year.
The company expects reported and organic revenue to decline between 2.5% and 3.5% for the three-month period ended June 30, 2026.
Management projects adjusted EBITDA to range between €120 million and €126 million for the quarter, alongside closing cash and cash equivalents of approximately €273 million.
The company stated that these second-quarter results are projected to be ahead of previous expectations.
Following the announcement, Nomad Foods' share price was trading higher at $11.89.
The enterprise reiterated its full-year 2026 guidance, forecasting organic revenue to decline 2% to 5% and adjusted EBITDA to decline 5% to 10%.
Management also noted that previously implemented price increases contributed to a year-on-year increase in gross margin for the quarter.
The executive team is currently evaluating its full-year EPS guidance due to anticipated debt refinancing activities that may raise interest expenses, while planning strategic actions to reduce net debt over time.
