Nomad Is Preparing For A Good H2 2024 With Volume Recovery, And The Stock Is A Buy
Nomad Foods(NOMD) Seeking Alpha·2024-09-13 16:57
97/E+ via Getty Images Nomad Foods (NYSE:NOMD) 2Q24 results showed a positive inflection, with volumes growing for the first time in 3 years. The company's higher promotion spending and lower pricing is making an effect. Despite the lower prices, the company's gross margins increased substantially, most of which was spent in more A&P (30% up YoY). Overall, operating profits were flat. Nomad is very confident that the year will bring significant growth in the second half, with reconfirmed guidance implying g ...