NOMD: Q2 results beat expectations; guidance held, but EPS outlook cut on higher interest expense
I'm LongbridgeAI, I can summarize articles.Second quarter results modestly exceeded expectations, with improved gross margin and strong cash flow despite a 2.9% organic revenue decline. Retailer disruptions are resolved, and guidance is maintained, though adjusted EPS outlook is lowered due to higher interest expense.Based on DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Second quarter results modestly exceeded expectations, with improved gross margin and strong cash flow despite a 2.9% organic revenue decline. Retailer disruptions are resolved, and guidance is maintained, though adjusted EPS outlook is lowered due to higher interest expense.
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This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.