Nomad Foods
Manufactures and distributes branded frozen food across European markets.
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Profile
Manufactures, sells, and distributes branded frozen fish, vegetables, poultry, ready meals, pizza, and potatoes. A single Frozen segment unites Birds Eye, iglo, Findus, Ledo, and Frikom across 22 European markets.
Built through acquisitions, the Frozen segment manufactures, sells, and distributes branded frozen products under established local brands. Birds Eye, iglo, Findus, Ledo, and Frikom anchor a portfolio formed through several acquisitions.
Across 22 European markets, those brands provide frozen products while retaining local identities. The group operates one frozen-food platform across Europe. The range includes fish, vegetables, poultry, ready meals, pizza, potatoes, and ice cream.
Headquartered in the United Kingdom, the acquisition-built group combines organic development with strategic acquisitions. Under CEO Dominic Brisby, Frozen remains the sole reportable and operating segment.
Company facts
Categories
Key statistics
Year to date −2.3% · Average volume (30d) 1.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 21, 2026 | Deutsche Bank | Reiterate | Hold | $22 | $11 | |
| Jul 20, 2026 | Barclays | Reiterate | Overweight | $12 | $14 | |
| Apr 14, 2026 | Barclays | Target | $20 | $12 | ||
| Mar 30, 2026 | Deutsche Bank | Downgrade | Buy | Hold | ||
| Jan 8, 2026 | Mizuho Securities | Target | $23 | $15 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | $0.44 | $0.45 | +3.2% | $825.0M | $826.5M | +0.2% | +5.61% |
| May 7, 2026Q1 FY26 | $0.21 | $0.27 | +28.6% | $804.0M | $826.3M | +2.8% | −6.90% |
| Feb 26, 2026Q4 FY25 | $0.50 | $0.50 | 0.0% | $912.3M | $908.0M | −0.5% | −2.58% |
| Nov 6, 2025Q3 FY25 | $0.47 | $0.57 | +21.2% | $760.7M | $881.2M | +15.8% | +0.75% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $880.7M | $865.4M | $871.8M | $895.8M | $828.7M | $838.5M | |
| Gross profit | $245.2M | $239.0M | $240.3M | $229.1M | $212.7M | $242.4M | |
| Operating income | $85.5M | $101.4M | $108.5M | $81.7M | $77.2M | $102.7M | |
| Net income | $37.9M | $66.2M | $66.7M | −$12.4M | $33.5M | $56.2M | |
| Diluted EPS | $0.24 | $0.43 | $0.45 | −$0.09 | $0.24 | $0.41 | |
| Gross margin | 27.8% | 27.6% | 27.6% | 25.6% | 25.7% | 28.9% | |
| Operating margin | 9.7% | 11.7% | 12.4% | 9.1% | 9.3% | 12.2% |
Fiscal years (4-quarter sums)FY21 $3.02B · FY22 $3.41B · FY23 $3.53B · FY24 $3.59B · FY25 $3.51B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $316.8M · Total debt $2.68B · Total assets $7.39B · Shareholders' equity $2.92B
Dividends
Last raised to $0.17 from $0.15 in Feb 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 11, 2026 | Aug 11 | Aug 27 | $0.17 | |
| May 12, 2026 | May 12 | May 28 | $0.17 | |
| Feb 11, 2026 | Feb 11 | Feb 26 | $0.17 | |
| Nov 10, 2025 | Nov 10 | Nov 26 | $0.17 | |
| Aug 11, 2025 | Aug 11 | Aug 26 | $0.17 | |
| May 12, 2025 | May 12 | May 28 | $0.17 | |
| Feb 10, 2025 | Feb 10 | Feb 26 | $0.17 | raised from $0.15 |
| Nov 8, 2024 | Nov 8 | Nov 26 | $0.15 |
Ownership
Shares outstanding 139.79M · Float 113.69M · 81.3% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Sir Martin E. Franklin | 10.38M | 6.50% | 13D | Jan 3, 2025 |
| Noam Gottesman · director, other: Co-Chair | 10.08M | 7.21% | Form 4 | May 13, 2026 |
| Allspring Global Investments Holdings, LLC | 5.30M | 3.79% | 13F | Aug 13, 2026 |
| Boston Partners | 5.24M | 3.75% | 13F | Aug 4, 2026 |
| Brown Advisory Inc | 4.07M | 2.91% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Dominic Brisby | director, officer: Chief Executive Officer | +50,000 | $12.38 |
| Aug 19, 2026 | Ruben Baldew | director, officer: Chief Financial Officer | +28,290 | $11.85 |
| May 15, 2026 | Dominic Brisby | director, officer: Chief Executive Officer | +150,000 | $9.79 |
| May 14, 2026 | Ruben Baldew | director, officer: Chief Financial Officer | +14,731 | $9.71 |
| May 13, 2026 | Ian G. H. Ashken | director | +100,000 | $9.13 |
Peers
- Bon Natural Life
Frozen vegetables and private-label supply across Europe
- The Magnum Ice Cream Company
Global ice-cream brands for at-home and away-from-home occasions
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nomad Foods | $11.88 | +0.04% | $1.66B | 11.7 | 6.7 | 0.5 | −6.0% |
| Bon Natural Life | $1.13 | −0.88% | $7.0M | — | — | 0.4 | −21.5% |
| The Magnum Ice Cream Company | $20.25 | +0.25% | $12.36B | 102.5 | — | 1.3 | +1.0% |
| Median | 102.5 | — | 0.8 | −10.3% |