Nomad Foods says retail disruptions hit share, sees H2 improvement

Nomad Foods (NYSE: NOMD ) reported second-quarter financial results on Thursday.

The transcript from the company's second-quarter earnings call has been provided below.

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View the webcast at Summary Nomad Foods reported disruptions in retail affecting market share but expects improvements in the second half of the year, with plans to achieve market share neutrality over time.

Ongoing productivity initiatives, including a 200 million productivity program and restructuring efforts, are aimed at maintaining competitive pricing and improving margins.

Future pricing actions are planned, particularly in the fish category, with the expectation of cost-justified price increases despite current inflationary pressures.

Nomad Foods has paused share buybacks to focus on deleveraging and managing interest costs, with plans to discuss future capital allocation strategies at the upcoming analyst day.

The company is optimistic about its value creation plan, covering innovation, marketing, sales, and productivity, which will be detailed at the analyst day in October.

Full Transcript OPERATOR Ladies and gentlemen, greetings and welcome to the Nomad Foods second quarter 2026 earnings Q&A session.

At this time, all participants are in a listen-only mode.

As a reminder, this conference is being recorded.

I would now like to turn the call over to your host, Jason English, Head of Corporate Strategy and Investor Relations.

Thank you.

You may begin.

Jason English, Head of Corporate Strategy and Investor Relations Thanks, Max.

Hello and welcome to Nomad Foods' second quarter 2026 earnings question and answer session.

We've posted the associated press release, prepared remarks, and investor presentation on Nomad Foods' website at nomadfoods.com.

I hope you all have had a chance to review them.

I'm Jason English, Head of Investor Relations and Corporate Strategy, and I'm joined by Dominic Brisby, our CEO, and Ruben Baldu, our CFO.

During this call we will make forward-looking statements about performance that are based on our view of the company's prospects, expectations and intentions.

Actual results may differ due to risks and uncertainties which are discussed in our press release, in our filings with the SEC, and in our investor presentation, which includes cautionary language.

We'll also discuss non-IFRS financial measures during the call today.

These non-IFRS financial measures should not be considered replacements for, and should be read together with, IFRS results.

Users can find the IFRS to non-IFRS reconciliations within our earnings release and in the appendices at the end of the slide presentation available on our website.

Please note that certain financial information within this presentation represents adjusted figures.

All adjusted figures have been adjusted primarily for, when applicable, share-based payment expenses, related employer payroll taxes, exceptional items, foreign currency translation charges or gains, and hedge ineffectiveness.

Unless otherwise noted, comments from here will refer to those adjusted numbers.

With that, Max, let's open the line to questions.

OPERATOR Thank you.

We will now be conducting a question and answer session.

We ask that you please limit yourself to one question and one follow-up.

If you would like to ask a question, please press Star-1 on your telephone keypad.

The confirmation tone will indicate your line is in the question queue.

You may press Star-2 if you would like to remove your question from the queue.

For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys.