Nomad Foods LimitedNYSE: NOMD

WOKING, England , May 28, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced the appointment of Ruben Baldew as Chief Financial Officer, effective June 17, 2024 (subject to, and conditioned upon, receipt of applicable work authorizations).  Mr. Baldew will succeed Samy Zekhout, who is leaving his position to explore new opportunities outside of Nomad Foods.

Nomad Foods Limited will release its first quarter financial results on May 9, 2024 before the New York Stock Exchange market opens. Following the release, there will be a conference call with the executive management team to discuss the results in more detail.

Nomad Foods reports better-than-expected Q4 and full-year 2023 results, with revenue and EBITDA increasing. The company's focus on generating strong free cash flow results in lower debt and interest expenses. Nomad Foods expects revenue and adjusted EBITDA to increase in 2024, making it an appealing investment option.

Nomad Foods (NOMD) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Sales are increasing due to price increases, and gross margins are not falling anymore. SG&A expenses as a percentage of revenue are rising again to recover market share. This is important to recover the brand. Operating income is still following revenue trends, while net interest income was higher than expected.

Nomad Foods manufactures and distributes frozen foods in Europe. The company has achieved growth through acquisitions and a very modest organic growth. Despite high debt, Nomad Foods seems stable as the company's operating earnings have proven good stability.