Nomad Foods Continues To Expect FY24 Organic Revenue Growth Of 3%-4%; Reiterates Adjusted EPS Outlook Of €1.75-€1.80
Portfolio Pulse from Benzinga Newsdesk
Nomad Foods continues to expect FY24 organic revenue growth of 3%-4%, with adjusted EPS of €1.75-€1.80, translating to $1.89-$1.94 based on the USD/EUR exchange rate as of August 1st. The company also anticipates adjusted EBITDA growth of 4%-6% and cash flow conversion of 90%-95%.
August 07, 2024 | 10:55 am
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Nomad Foods maintains its FY24 guidance, expecting organic revenue growth of 3%-4%, adjusted EPS of $1.89-$1.94, adjusted EBITDA growth of 4%-6%, and cash flow conversion of 90%-95%.
The reaffirmation of positive revenue and earnings growth guidance is likely to boost investor confidence and support the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100