Nomad Foods Reports Third Quarter 2024 Financial Results
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Nomad Foods Limited (NYSE: NOMD) reported its Q3 2024 financial results, showing a revenue increase of 0.8% and a significant 28% rise in adjusted EPS. Despite ERP disruptions, the company achieved organic revenue growth and increased adjusted EBITDA by 19%. However, full-year guidance was reduced due to these disruptions.
November 14, 2024 | 12:00 pm
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Nomad Foods reported a 0.8% revenue increase and a 28% rise in adjusted EPS for Q3 2024. Despite ERP disruptions, the company achieved organic growth. However, full-year guidance was reduced.
The financial results show positive growth in revenue and EPS, which is typically favorable for stock prices. However, the reduction in full-year guidance due to ERP disruptions may offset these gains, leading to a neutral short-term impact.
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