EarningsQ2 2026 Earnings Report
MX:NOMDN Q2 2026 EPS Results
Actual EPS$7.72
Consensus EPS$7.56
Beat/MissBeat by +$0.16
One Year Ago EPS$7.91
MX:NOMDN Q2 2026 Revenue Results
Actual Revenue$14.53B
Expected Revenue$14.29B
Beat/MissBeat by +$233.62M
YoY Revenue Growth-0.61%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeBefore Open
Conference CallThursday, August 13, 2026
MX:NOMDN Upcoming Earnings
Nomad Foods's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:NOMDN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally constructive outlook: the underlying frozen category is growing, gross margins are improving via pricing, and a EUR 200m productivity program is on track. Management highlighted strong brand equity, resolved most retail disruptions, and presented a comprehensive turnaround plan to be detailed at Analyst Day. Key challenges include a near-term market share shortfall from earlier retail disruptions, uncertainty on elasticity and the timing of further price recovery, some small phasing/one‑time effects that may reverse, and the suspension of buybacks while deleveraging. On balance, the positives (category strength, margin recovery, sizable productivity program, and strategic actions) outweigh the negatives.Company Guidance
Strong Category Growth
Frozen category performance remained robust: year-to-date value +3.4% and volume +1.6%; last 3 months value +2.8% and volume +1.1%, indicating continued consumer demand and a favorable market backdrop.
Gross Margin Improvement Driven by Pricing
Company reported a return to gross margin growth driven by pricing actions; management attributes margin expansion primarily to price recovery rather than one-off items.
EUR 200m Productivity Program On Track
The EUR 200 million productivity program is progressing as planned, with nonrecurring spend declining and actions taken (marketing restructuring, announced factory closure) to drive cost savings and support competitive pricing.
Competitive Pricing Environment Creating Opportunities
Retailers and private label have initiated substantial price increases (examples: some UK retailers 20–30% mid‑July, Carrefour up to +32% on certain SKUs in France, German retailers ~20% increases in fish categories), enabling Nomad to pursue cost-justified price actions and favorable pricing conversations with customers.
Leadership and Strategic Refresh
CEO highlighted organizational changes and new leadership hires as part of the turnaround, and emphasized strong brand equity and the development of a comprehensive value creation plan to be presented at Analyst Day in October.
Price Index Managed Down Slightly
Management noted the company has used productivity gains to modestly lower its own price index, helping competitiveness despite ongoing inflation in proteins (fish and chicken).
Capital Allocation: Dividend Maintained
Nomad continued to pay dividends while shifting near-term capital allocation priorities toward deleveraging (suspending buybacks to pay down debt), signaling a disciplined focus on reducing interest costs.
MX:NOMDN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed