<ul>
<li>华尔街仍然看好的三只被低估的股票——原因充分</li>
</ul>
<p>Nomad Foods NYSE: NOMD 报告了 2026 年第一季度的业绩，管理层表示略高于内部预期，尽管有机收入下降、利润率承压以及调整后的 EBITDA 同比大幅下滑。</p>
<p>首席执行官 Dominic Brisby 在他自 1 月 1 日担任该职位以来的第二次季度财报电话会议上表示，公司对全年有机销售和调整后 EBITDA 的前景仍然充满信心。Nomad 还提高了调整后每股收益的指引，原因是季度内的股票回购活动。</p>
<ul>
<li>华尔街喜爱的三只 20 美元以下的中型股</li>
</ul>
<p>“第一季度的业绩略高于我们的内部预期，我们对实现上季度提供的全年有机销售和调整后 EBITDA 指引的能力仍然充满信心，” Brisby 说。</p>
<h2>有机销售下降，零售销售持平</h2>
<p>Nomad Foods 表示，第一季度有机销售下降了 5.3%，而零售销售同比持平。Brisby 表示，管理层认为零售销售是潜在需求的更好指标。</p>
<ul>
<li>Nomad Foods：一只正在崛起的防御性股票</li>
</ul>
<p>公司将出货量与消费者需求之间的差距归因于两个机械因素。首先，一些零售商在 12 月提前建立库存，以应对计划中的价格上涨，导致 1 月出现去库存的逆风。其次，Nomad 结束了 Brisby 所称的历史性做法，即在季度末提前出货，以更好地将出货与销售对齐。</p>
<p>“尽管这导致季度末出货量同比大幅下降，但我们认为这是一个更健康、更高效的运营模式，” Brisby 说。</p>
<p>首席财务官 Ruben Baldew 表示，季度末订单模式的变化对第一季度的业绩产生了负面影响，但预计对未来季度的业绩不会产生重大影响。</p>
<h2>利润率受到成本通胀和定价时机的压力</h2>
<p>Nomad 的毛利率在本季度下降了 210 个基点，因为公司仅部分受益于价格上涨，同时继续面临成本压力。调整后的 EBITDA 同比下降了 23%，反映了有机销售下降、毛利率降低以及广告和促销支出从第一季度转移到第二季度带来的适度时机效益。</p>
<p>调整后的每股收益为 0.23 欧元，比去年下降了 0.12 欧元。</p>
<p>Baldew 表示，成本压力预计将持续，但定价和生产力应在今年剩余时间内对毛利率产生更积极的贡献。</p>
<h2>类别增长保持积极，但市场份额下降</h2>
<p>Brisby 表示，Nomad 的整体类别在本季度增长了 3.8%，较上季度的 2% 增长加速。他指出，复活节提前可能推动了 3 月份的销量，但在 3 月份之前，类别增长大约保持在 3%。</p>
<p>尽管类别增长，Nomad 仍经历了 Brisby 所描述的暂时市场份额下滑。价值份额同比下降了 60 个基点，而销量份额下降了 20 个基点。</p>
<p>Brisby 表示，这一下降是由于部分零售商在价格谈判期间暂停订单和促销。他表示，公司在年度指引中已预见到干扰风险，并已确保其计划中假设的价格上涨。</p>
<p>“成本通胀依然真实且普遍存在，” Brisby 说。“因此，我们坚持确保定价与我们的长期业绩记录一致。”</p>
<p>各市场表现不一。Brisby 表示，Nomad 在德国和法国表现不佳，主要是由于价格谈判的干扰，而英国市场仍然疲软，但与去年相比有了显著改善。公司在意大利、奥地利、葡萄牙、瑞典和瑞士报告了低个位数的增长；在塞尔维亚报告了中个位数的增长；在挪威报告了高个位数的增长；在克罗地亚报告了中十位数的增长。</p>
<h2>现金流支持回购和分红</h2>
<p>Nomad 报告了本季度调整后的自由现金流转化率为 36%，高于 2025 年第一季度的 24%。Baldew 表示，部分改善反映了利息支付的不同时机，但他也指出了营运资本的潜在进展。</p>
<p>公司利用现金流支付了 2000 万欧元的股息和 2400 万欧元的股票回购，相当于 270 万股，同时在季度末持有 2.83 亿欧元的现金。Baldew 表示，Nomad 在 2028 年前没有到期债务。</p>
<p>Baldew 还表示，董事会宣布再次派发每股 0.70 美元的现金股息，预计于 2026 年 5 月 28 日支付给股东。</p>
<h2>公司维持 2026 年销售和 EBITDA 前景</h2>
<p>Nomad 重申了其 2026 年全年有机收入和调整后 EBITDA 的指引。公司继续预计有机收入将下降 2% 至 5%，以固定汇率计算的调整后 EBITDA 将下降 5% 至 10%。</p>
<p>Nomad 将调整后的每股收益指引提高至 1.47 欧元至 1.62 欧元，较之前的 1.45 欧元至 1.60 欧元有所上调，原因是第一季度完成的股票回购。根据最近的汇率，Baldew 表示这相当于 1.72 美元至 1.90 美元。</p>
<p>公司继续预计全年调整后的自由现金流转化率至少为 90%。Baldew 表示，第二季度的有机销售和调整后 EBITDA 增长率预计将低于全年目标，原因是广告和促销支出转移到该季度以及早期价格谈判干扰的部分残留影响。他表示，公司预计下半年将有更强劲的业绩。</p>
<p>Brisby 还概述了组织变革，包括新的区域总裁和新的首席营销官。他表示，Nomad 正在重组其营销组织，他形容其过于复杂且效率低下，目标是减少非工作广告和促销支出，并将更多资源投入到消费者和品牌上。</p>
<p>公司表示，这些举措支持其之前宣布的 2 亿欧元三年成本效率目标。Brisby 表示，Nomad 将在今年秋季于纽约举行的分析师和投资者日上提供更多关于其战略和增长计划的细节。</p>
<h2>关于 Nomad Foods NYSE: NOMD</h2>
<p>Nomad Foods Limited 是一家总部位于英国的领先冷冻食品公司，在纽约证券交易所的股票代码为 NOMD。公司的产品组合包括知名消费品牌，如 Birds Eye、iglo、Findus、Goodfella's 和 Aunt Bessie's，涵盖了包括蔬菜、海鲜、即食餐、比萨和甜点在内的广泛类别。Nomad Foods 专注于提供便捷、高质量的冷冻产品，以满足消费者对口味、营养和准备便利性的不断变化的偏好。</p>
<p>Nomad Foods 于 2015 年通过投资公司 Permira 和高盛资产管理公司收购 Iglo Group 而成立，旨在建立欧洲最大的冷冻食品平台。</p>
<p><em>此即时新闻提醒由叙事科学技术和 MarketBeat 的金融数据生成，以便为读者提供最快的报道和公正的覆盖。请将任何问题或意见发送至 contact@marketbeat.com。</em></p>
<h2>你现在应该投资 1,000 美元在 Nomad Foods 吗？</h2>
<p>在你考虑 Nomad Foods 之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐在更广泛的市场注意到之前立即购买……而 Nomad Foods 并不在名单上。</p>
<p>虽然 Nomad Foods 目前在分析师中获得了持有评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>查看这五只股票</p>

NOMD

<p>Nomad Foods (NYSE:NOMD) 报告了 2026 年第一季度的业绩，略高于预期，尽管有机销售下降了 5.3%，调整后的 EBITDA 同比下降了 23%。首席执行官 Dominic Brisby 对全年前景表示信心，因股票回购而上调了调整后的每股收益指引。公司面临成本通胀和订单模式变化带来的利润压力，导致市场份额下降。Nomad 重申了其 2026 年的指引，预计有机收入将下降 2% 至 5%，调整后的 EBITDA 将下降 5% 至 10%</p>

<ul>
<li>3 Underfollowed Stocks Wall Street Still Likes—And for Good Reason</li>
</ul>
<div class="lb-trans"><ul>
<li>华尔街仍然看好的三只被低估的股票——原因充分</li>
</ul>
</div><p>Nomad Foods NYSE: NOMD reported first-quarter 2026 results that management said were slightly ahead of internal expectations, despite lower organic revenue, margin pressure and a sharp year-over-year decline in adjusted EBITDA.</p>
<div class="lb-trans"><p>Nomad Foods NYSE: NOMD 报告了 2026 年第一季度的业绩，管理层表示略高于内部预期，尽管有机收入下降、利润率承压以及调整后的 EBITDA 同比大幅下滑。</p>
</div><p>Chief Executive Officer Dominic Brisby, speaking on his second quarterly earnings call since taking the role on Jan. 1, said the company remains confident in its full-year outlook for organic sales and adjusted EBITDA. Nomad also raised its adjusted earnings per share guidance, citing share repurchase activity during the quarter.</p>
<div class="lb-trans"><p>首席执行官 Dominic Brisby 在他自 1 月 1 日担任该职位以来的第二次季度财报电话会议上表示，公司对全年有机销售和调整后 EBITDA 的前景仍然充满信心。Nomad 还提高了调整后每股收益的指引，原因是季度内的股票回购活动。</p>
</div><ul>
<li>3 Mid-Caps Below $20 That Wall Street Loves</li>
</ul>
<div class="lb-trans"><ul>
<li>华尔街喜爱的三只 20 美元以下的中型股</li>
</ul>
</div><p>“First quarter results were slightly above our internal expectations, and we remain confident in our ability to deliver on the full-year organic sales and adjusted EBITDA guidance we provided last quarter,” Brisby said.</p>
<div class="lb-trans"><p>“第一季度的业绩略高于我们的内部预期，我们对实现上季度提供的全年有机销售和调整后 EBITDA 指引的能力仍然充满信心，” Brisby 说。</p>
</div><h2>Organic Sales Decline While Retail Sell-Out Holds Flat</h2>
<div class="lb-trans"><h2>有机销售下降，零售销售持平</h2>
</div><p>Nomad Foods said first-quarter organic sales declined 5.3%, while retail sell-out was flat year over year. Brisby said management views retail sell-out as a better indicator of underlying demand.</p>
<div class="lb-trans"><p>Nomad Foods 表示，第一季度有机销售下降了 5.3%，而零售销售同比持平。Brisby 表示，管理层认为零售销售是潜在需求的更好指标。</p>
</div><ul>
<li>Nomad Foods: A Defensive Stock on the Move</li>
</ul>
<div class="lb-trans"><ul>
<li>Nomad Foods：一只正在崛起的防御性股票</li>
</ul>
</div><p>The company attributed the gap between shipments and consumer demand to two mechanical factors. First, some retailers built inventory in December ahead of planned price increases, creating a destocking headwind in January. Second, Nomad ended what Brisby called its historical practice of shipping ahead of consumption late in the quarter in order to better align sell-in with sell-out.</p>
<div class="lb-trans"><p>公司将出货量与消费者需求之间的差距归因于两个机械因素。首先，一些零售商在 12 月提前建立库存，以应对计划中的价格上涨，导致 1 月出现去库存的逆风。其次，Nomad 结束了 Brisby 所称的历史性做法，即在季度末提前出货，以更好地将出货与销售对齐。</p>
</div><p>“Whilst this resulted in a sharp year-on-year decline in shipments at quarter end, we believe it is a healthier and more efficient operating model,” Brisby said.</p>
<div class="lb-trans"><p>“尽管这导致季度末出货量同比大幅下降，但我们认为这是一个更健康、更高效的运营模式，” Brisby 说。</p>
</div><p>Chief Financial Officer Ruben Baldew said the change to end-of-quarter order patterns negatively affected first-quarter results but is not expected to have a material impact on quarterly results going forward.</p>
<div class="lb-trans"><p>首席财务官 Ruben Baldew 表示，季度末订单模式的变化对第一季度的业绩产生了负面影响，但预计对未来季度的业绩不会产生重大影响。</p>
</div><h2>Margins Pressured by Cost Inflation and Timing of Pricing</h2>
<div class="lb-trans"><h2>利润率受到成本通胀和定价时机的压力</h2>
</div><p>Nomad’s gross margin declined by 210 basis points in the quarter, as the company received only a partial benefit from price increases while continuing to face cost pressure. Adjusted EBITDA fell 23% year over year, reflecting the organic sales decline, lower gross margin and a modest timing benefit from advertising and promotional spending shifting from the first quarter to the second quarter.</p>
<div class="lb-trans"><p>Nomad 的毛利率在本季度下降了 210 个基点，因为公司仅部分受益于价格上涨，同时继续面临成本压力。调整后的 EBITDA 同比下降了 23%，反映了有机销售下降、毛利率降低以及广告和促销支出从第一季度转移到第二季度带来的适度时机效益。</p>
</div><p>Adjusted earnings per share were EUR 0.23, down EUR 0.12 from the prior year.</p>
<div class="lb-trans"><p>调整后的每股收益为 0.23 欧元，比去年下降了 0.12 欧元。</p>
</div><p>Baldew said cost pressure is expected to continue, but pricing and productivity should contribute more positively to gross margin for the rest of the year.</p>
<div class="lb-trans"><p>Baldew 表示，成本压力预计将持续，但定价和生产力应在今年剩余时间内对毛利率产生更积极的贡献。</p>
</div><h2>Category Growth Remains Positive, But Share Declines</h2>
<div class="lb-trans"><h2>类别增长保持积极，但市场份额下降</h2>
</div><p>Brisby said Nomad’s overall category grew 3.8% in the quarter, accelerating from 2% growth in the prior quarter. He noted that an early Easter likely boosted March volumes, but category growth had been tracking at about 3% before March.</p>
<div class="lb-trans"><p>Brisby 表示，Nomad 的整体类别在本季度增长了 3.8%，较上季度的 2% 增长加速。他指出，复活节提前可能推动了 3 月份的销量，但在 3 月份之前，类别增长大约保持在 3%。</p>
</div><p>Despite the category growth, Nomad experienced what Brisby described as a temporary market share setback. Value share declined 60 basis points year over year, while volume share fell 20 basis points.</p>
<div class="lb-trans"><p>尽管类别增长，Nomad 仍经历了 Brisby 所描述的暂时市场份额下滑。价值份额同比下降了 60 个基点，而销量份额下降了 20 个基点。</p>
</div><p>Brisby said the decline was caused by select retailers pausing orders and promotions during pricing negotiations. He said the company had anticipated the risk of disruption in its annual guidance and has now secured the price increases assumed in its plans.</p>
<div class="lb-trans"><p>Brisby 表示，这一下降是由于部分零售商在价格谈判期间暂停订单和促销。他表示，公司在年度指引中已预见到干扰风险，并已确保其计划中假设的价格上涨。</p>
</div><p>“Cost inflation remains real and industry-wide,” Brisby said. “We therefore maintained our resolve to secure pricing consistent with our long-term track record.”</p>
<div class="lb-trans"><p>“成本通胀依然真实且普遍存在，” Brisby 说。“因此，我们坚持确保定价与我们的长期业绩记录一致。”</p>
</div><p>Performance varied by market. Brisby said Nomad underperformed in Germany and France, largely due to pricing negotiation disruptions, while the U.K. remained soft but improved meaningfully from last year. The company reported low single-digit growth in Italy, Austria, Portugal, Sweden and Switzerland; mid-single-digit growth in Serbia; high single-digit growth in Norway; and mid-teens growth in Croatia.</p>
<div class="lb-trans"><p>各市场表现不一。Brisby 表示，Nomad 在德国和法国表现不佳，主要是由于价格谈判的干扰，而英国市场仍然疲软，但与去年相比有了显著改善。公司在意大利、奥地利、葡萄牙、瑞典和瑞士报告了低个位数的增长；在塞尔维亚报告了中个位数的增长；在挪威报告了高个位数的增长；在克罗地亚报告了中十位数的增长。</p>
</div><h2>Cash Flow Supports Buybacks and Dividend</h2>
<div class="lb-trans"><h2>现金流支持回购和分红</h2>
</div><p>Nomad reported an adjusted free cash flow conversion ratio of 36% for the quarter, up from 24% in the first quarter of 2025. Baldew said part of the improvement reflected different timing of interest payments, but he also pointed to underlying progress in working capital.</p>
<div class="lb-trans"><p>Nomad 报告了本季度调整后的自由现金流转化率为 36%，高于 2025 年第一季度的 24%。Baldew 表示，部分改善反映了利息支付的不同时机，但他也指出了营运资本的潜在进展。</p>
</div><p>The company used cash flow to fund EUR 20 million of dividend payments and EUR 24 million of share repurchases, equal to 2.7 million shares, while ending the quarter with EUR 283 million in cash. Baldew said Nomad has no debt maturities until 2028.</p>
<div class="lb-trans"><p>公司利用现金流支付了 2000 万欧元的股息和 2400 万欧元的股票回购，相当于 270 万股，同时在季度末持有 2.83 亿欧元的现金。Baldew 表示，Nomad 在 2028 年前没有到期债务。</p>
</div><p>Baldew also said the board declared another cash dividend of $0.70 per share, payable May 28, 2026, to shareholders.</p>
<div class="lb-trans"><p>Baldew 还表示，董事会宣布再次派发每股 0.70 美元的现金股息，预计于 2026 年 5 月 28 日支付给股东。</p>
</div><h2>Company Maintains 2026 Sales and EBITDA Outlook</h2>
<div class="lb-trans"><h2>公司维持 2026 年销售和 EBITDA 前景</h2>
</div><p>Nomad reaffirmed its full-year 2026 guidance for organic revenue and adjusted EBITDA. The company continues to expect organic revenue to decline 2% to 5% and constant-currency adjusted EBITDA to decline 5% to 10%.</p>
<div class="lb-trans"><p>Nomad 重申了其 2026 年全年有机收入和调整后 EBITDA 的指引。公司继续预计有机收入将下降 2% 至 5%，以固定汇率计算的调整后 EBITDA 将下降 5% 至 10%。</p>
</div><p>Nomad raised its adjusted EPS guidance to a range of EUR 1.47 to EUR 1.62, up from EUR 1.45 to EUR 1.60, due to share repurchases completed during the first quarter. At recent exchange rates, Baldew said that equates to $1.72 to $1.90.</p>
<div class="lb-trans"><p>Nomad 将调整后的每股收益指引提高至 1.47 欧元至 1.62 欧元，较之前的 1.45 欧元至 1.60 欧元有所上调，原因是第一季度完成的股票回购。根据最近的汇率，Baldew 表示这相当于 1.72 美元至 1.90 美元。</p>
</div><p>The company continues to expect adjusted free cash flow conversion of at least 90% for the full year. Baldew said second-quarter organic sales and adjusted EBITDA growth rates are expected to be below full-year targets due to the shift in advertising and promotional spending into the quarter and some residual impact from earlier pricing negotiation disruptions. He said the company expects more robust results in the second half.</p>
<div class="lb-trans"><p>公司继续预计全年调整后的自由现金流转化率至少为 90%。Baldew 表示，第二季度的有机销售和调整后 EBITDA 增长率预计将低于全年目标，原因是广告和促销支出转移到该季度以及早期价格谈判干扰的部分残留影响。他表示，公司预计下半年将有更强劲的业绩。</p>
</div><p>Brisby also outlined organizational changes, including new regional presidents and a new chief marketing officer. He said Nomad is restructuring its marketing organization, which he described as overly complex and inefficient, with the goal of reducing non-working advertising and promotion spending and putting more resources behind consumers and brands.</p>
<div class="lb-trans"><p>Brisby 还概述了组织变革，包括新的区域总裁和新的首席营销官。他表示，Nomad 正在重组其营销组织，他形容其过于复杂且效率低下，目标是减少非工作广告和促销支出，并将更多资源投入到消费者和品牌上。</p>
</div><p>The company said those actions support its previously announced EUR 200 million three-year cost efficiency target. Brisby said Nomad will provide more detail on its strategy and growth plans at an analyst and investor day in New York this fall.</p>
<div class="lb-trans"><p>公司表示，这些举措支持其之前宣布的 2 亿欧元三年成本效率目标。Brisby 表示，Nomad 将在今年秋季于纽约举行的分析师和投资者日上提供更多关于其战略和增长计划的细节。</p>
</div><h2>About Nomad Foods NYSE: NOMD</h2>
<div class="lb-trans"><h2>关于 Nomad Foods NYSE: NOMD</h2>
</div><p>Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company's portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella's and Aunt Bessie's, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.</p>
<div class="lb-trans"><p>Nomad Foods Limited 是一家总部位于英国的领先冷冻食品公司，在纽约证券交易所的股票代码为 NOMD。公司的产品组合包括知名消费品牌，如 Birds Eye、iglo、Findus、Goodfella's 和 Aunt Bessie's，涵盖了包括蔬菜、海鲜、即食餐、比萨和甜点在内的广泛类别。Nomad Foods 专注于提供便捷、高质量的冷冻产品，以满足消费者对口味、营养和准备便利性的不断变化的偏好。</p>
</div><p>Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe's largest frozen foods platform.</p>
<div class="lb-trans"><p>Nomad Foods 于 2015 年通过投资公司 Permira 和高盛资产管理公司收购 Iglo Group 而成立，旨在建立欧洲最大的冷冻食品平台。</p>
</div><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p>
<div class="lb-trans"><p><em>此即时新闻提醒由叙事科学技术和 MarketBeat 的金融数据生成，以便为读者提供最快的报道和公正的覆盖。请将任何问题或意见发送至 contact@marketbeat.com。</em></p>
</div><h2>Should You Invest $1,000 in Nomad Foods Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1,000 美元在 Nomad Foods 吗？</h2>
</div><p>Before you consider Nomad Foods, you'll want to hear this.</p>
<div class="lb-trans"><p>在你考虑 Nomad Foods 之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nomad Foods wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐在更广泛的市场注意到之前立即购买……而 Nomad Foods 并不在名单上。</p>
</div><p>While Nomad Foods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然 Nomad Foods 目前在分析师中获得了持有评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票</p>
</div>

Nomad Foods 第一季度财报电话会议要点