Nomad Foods Reports First Quarter 2020 Financial Results
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Nomad Foods Limited (NOMD) Reports Q1 EPS of EUR0.33 on Revenues of EUR682.9M
May 7, 2020 6:49 AM EDTNomad Foods Limited (NYSE: NOMD) reported Q1 EPS of EUR0.33, versus EUR0.40 reported last year. Revenue for the quarter came in at EUR682.9 million, versus EUR617.8 million reported last year.
First Quarter of 2020 results compared to the First Quarter of 2019
Revenue increased 10.5% to 683 million. Organic revenue growth of 7.7% was comprised of 1.4% growth in price and a 6.3% increase in volume/mix.Gross profit increased 4% to 199 million. Gross margin declined 180 basis points to 29.1% as pricing, promotional efficiencies and mix were more than offset by cost of goods inflation.Adjusted operating expenses increased 14% to 97... More