NOMAD FOODS ($NYSE:NOMD) declared a total revenue of EUR 745.1 million for the second quarter of 2023, a 6.9% increase from the same quarter in 2022. Unfortunately, their net income decreased by 34.0%, dropping to EUR 49.2 million compared to the same quarter in the prior year.
On Wednesday, NOMAD FOODS reported record-breaking earnings for the second quarter of the 2023 fiscal year. The stock opened at $18.2 and closed at $18.1, representing a 1.6% increase from the previous closing price of $17.8. The successful quarter was attributed to NOMAD FOODS’ innovative marketing strategy, which included the launch of new products and increased global distribution.
The company’s robust financial performance during the period has led to a significant increase in its value, with shares currently trading at a record-high. This demonstrates investors’ confidence in NOMAD FOODS’ ability to continue delivering profitable performance in the coming quarters. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Nomad Foods. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
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Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
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Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Nomad Foods are shown below. More…
Income Statement Ratios
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We recently conducted an analysis of NOMAD FOODS‘s wellbeing, and the results are quite promising. According to our Star Chart, NOMAD FOODS is strong in profitability, medium in growth and weak in asset, dividend. With a health score of 8/10 with regard to its cashflows and debt, NOMAD FOODS is capable to safely ride out any crisis without the risk of bankruptcy. We have classified NOMAD FOODS as ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. Investors who are looking for a company with a healthy balance sheet and a stable growth rate may be interested in NOMAD FOODS. Its dividend and asset are not as high as some other companies, but its profitability and ability to keep its cash flow strong is something that could be attractive to the right investor. More…
Risk Rating Analysis
Star Chart Analysis
The company has a strong presence in Europe and the United States. Nomad Foods Ltd is a publicly traded company listed on the London Stock Exchange. The company’s market capitalization is over £2 billion. Nomad Foods Ltd is a food company that is engaged in the manufacture and supply of frozen foods. The company operates in two segments: Europe and United States. The company has a strong presence in both the European and American markets.
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Nomad Foods reported their financial results for Q2 2023, showing total revenue up 6.9% year-over-year to EUR 745.1 million.
However, net income was down 34.0%, to EUR 49.2 million. Investors should note that this decrease in net income is likely due to an increase in expenses associated with the company’s growth initiatives. Nevertheless, Nomad Foods remains a strong contender in the packaged food sector and is well-positioned for further growth. Investors may also want to consider Nomad Foods’ potential in the long term, as their strategies have proven successful in the past.