Nomad Foods slashes EPS forecast on debt restructuring

Simon Harvey

Thu, August 13, 2026 astatine 8:58 AM CDT 2 min read

Nomad Foods has slashed its full-year EPS guidance arsenic the Findus marque proprietor posted an anticipated diminution successful second-quarter income and profits.

The New York-listed frozen nutrient radical had flagged successful July that it was "evaluating" its EPS outlook for fiscal 2026 arsenic Nomad Foods announced a indebtedness restructuring with the contented of caller notes.

Nomad Foods present expects its adjusted EPS to onshore successful a scope of €1.38-€1.53 implicit the 12 months, compared to a erstwhile estimation of €1.47-€1.62.

The institution said the downgrade - amounting to astir 6% connected some counts - was owed to the "higher involvement disbursal associated with the company's precocious completed refinancing enactment and higher adaptable involvement rates".

For the 2nd 4th to 30 June, adjusted EPS fell €0.01 to €0.39, Nomad Foods reported contiguous (13 August). Over the six months it fell €0.12 to €0.62.

Meanwhile, income gross dropped 3.1% to €724m ($835.3m) successful the 4th successful reported presumption and was down 2.9% connected an integrated basis. Nomad Foods said the alteration was reflective of a 5.9% diminution successful volumes, offset by an summation successful "price/mix" of 3%.

The declines successful some reported and integrated income for the 2nd were wrong the 2.5% to 3.5% scope that Nomad Foods pointed to successful July.

It continues to expect integrated income for the afloat twelvemonth volition driblet 2%-5%.

Second-quarter adjusted EBITDA was besides wrong the July guidance, arsenic the metric fell 4.3% to €124m. The forecast for the twelvemonth remains for a alteration of 5-10%.

Adjusted nett for the 4th fell 9% to €55m.

CEO Dominic Brisby said: "The 2nd 4th marked an important measurement guardant for Nomad Foods. We secured our terms increase, expanded gross margins, restored momentum with cardinal retail partners, and continued to fortify our organisation."

"Nomad Foods slashes EPS forecast connected indebtedness restructuring" was primitively created and published by Just Food, a GlobalData owned brand.