Nomad Foods Sees Q3 Revenue Uptick Amid ERP Challenges

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https://www.tipranks.com/news/company-announcements/nomad-foods-sees-q3-revenue-uptick-amid-erp-challenges

Nomad Foods (NOMD) has released an update.

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Nomad Foods, Europe’s leading frozen food company, reported a modest 0.8% revenue increase for Q3 2024, reaching €770 million, despite temporary ERP system disruptions. The company achieved a significant 28% rise in adjusted EPS to €0.55, driven by strategic investments and a focus on high-margin growth platforms. However, full-year guidance has been adjusted downwards due to the ERP challenges, with expectations for organic revenue growth now set at 1%-2%.

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