Nomad Foods Lifts Outlook Despite Inflation Squeeze
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Nomad Foods Limited (NOMD) reported Q1 earnings of 27 cents per share, exceeding estimates of 21 cents but down from 37 cents last year. Quarterly sales reached $837.5 million, surpassing projections. The company raised its fiscal 2026 adjusted EPS guidance to $1.72-$1.90. However, organic revenue fell 5.3%, and gross profit dropped 13.2% due to inflationary pressures. CEO Dominic Brisby noted progress in strategic growth and talent acquisition. NOMD shares rose 3.85% to $10.51 in premarket trading.
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