Nomad Foods (NYSE:NOMD) reported a fourth-quarter net loss on Thursday, as the Woking, Britain-based company navigated non-recurring costs while maintaining steady top-line performance in the European frozen food market.
The owner of the Birds Eye, Iglo, and Findus brands reported a net loss of $12.5 million, or 8 cents per share.
However, when adjusting for one-time items and non-recurring costs, the company earned 50 cents per share.
Revenue for the quarter reached $900 million, reflecting the company's resilience amid a complex inflationary environment in Europe.
The quarterly results capped a fiscal year in which Nomad Foods reported a total profit of $154.6 million, or $1.03 per share, on annual revenue of $3.43 billion.
Looking ahead, Nomad Foods issued an optimistic outlook for the 2026 fiscal year.
The company expects full-year adjusted earnings to fall in the range of $1.71 to $1.89 per share.