Nomad Foods Shares Rise on 4Q Revenue Growth, Outlook

Dow Jones
Mar 03, 2025

By Denny Jacob

 

Nomad Foods shares rose 6.7% following higher revenue in its latest quarter and expectations for continued momentum.

Shares were trading around $20.16. The stock is up about 3.4% over the last year.

The frozen food manufacturer and distributor recorded fourth-quarter revenue of 793.4 million euros ($823.4 million) compared to 760.8 million euros in the prior-year period.

The company said it expects momentum on its top- and bottom-line growth to continue in fiscal 2025.

"Growth can be choppy month-to-month and quarter-to-quarter but the underlying trendline of improvement is evident in our results," said Chief Executive Stéfan Descheemaeker.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

March 03, 2025 10:42 ET (15:42 GMT)

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