Nomad’s market share online is 40% higher than in-store with a greater percentage of volume sold at full price

Extra benefit by COVID-19 | Nomad Foods Provides Second Quarter 2020 Business Update

FELTHAM, England – Nomad Foods today provided a business update ahead of investor meetings taking place at the dbAccess Virtual Global Consumer Conference on June 10, 2020. Second quarter 2020 performance is tracking ahead of management’s prior expectations with organic revenue growth now expected to increase in the low-double digit percent range.

Organic revenue growth increased 14% through the first two months of the second quarter and is expected to remain above historical levels during the month of June.

(a) Translational FX is calculated by translating data of the current and comparative periods using a budget foreign exchangerate that is set once a year as part of the Company’s internal annual forecast process (b) During the period April 1, 2020 through May 31, 2020

This press release includes preliminary results for the first two months of the second quarter of 2020. These preliminary results are based on management’s initial analysis of operations for the two-month period and are subject to change.

Incredible growth in online sales thanks to covid-19 ►

The Company’s actual financial results for the first two months of the second quarter of 2020 could differ materially from the preliminary estimates provided in this press release as a result of the completion of closing procedures, final adjustments, or other developments arising between now and the time that the Company’s financial results are finalized.

The Company cautions that its results for the two-month period may not be indicative of results for future periods.

A Nomad Foods "Classic" european product

[email protected]
www.seafood.media

Address:	Nomad Foods Forge 43 Church Street
City:	West Woking
State/ZIP:	Surrey, England (GU21 6HT)
Country:	Virgin Islands
E-Mail:	[email protected]
More about:

 

 

Print