Nomad Foods (NYSE: NOMD) saw its stock soar 5.73% in pre-market trading on Thursday, following the release of its third-quarter 2025 financial results. The company, known for its frozen food brands across Europe, reported mixed results but managed to beat earnings expectations.
While Nomad Foods' Q3 revenue fell 2.2% year-over-year to €752 million, slightly missing analyst estimates of €758.23 million, the company's adjusted earnings per share (EPS) of €0.49 surpassed the consensus forecast of €0.46. This earnings beat, coupled with signs of improvement towards the end of the quarter, appears to have boosted investor confidence.
Despite facing headwinds such as weather-related category pressure in July and soft performance in the UK, Nomad Foods' management noted stabilization in UK retail sell-through by quarter's end. The company now expects full-year results to be near the low end of its existing guidance ranges, including organic revenue growth near the low end of flat to -2% and adjusted EBITDA near the low end of -3% to -7% year-on-year. Investors may also be reacting positively to the announcement of a leadership transition, with a new CEO, Dominic Brisby, set to take office in 2026, potentially bringing fresh strategies to drive growth.
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