- Nomad Foods Ltd (NYSE:NOMD) reported third-quarter FY22 sales growth of 26.7% year-on-year to €760 million. Organic revenue increased 7.2% Y/Y.
- The gross profit for the quarter climbed 31.9% Y/Y to €221 million. Gross margin increased 110 basis points to 29.1%, driven by higher pricing offsetting higher raw material costs across the business.
- The operating expenses increased 26.6%. The operating margin was 14.3%, and operating income for the quarter rose 35% to €108.8 million.
- The company held €194.3 million in cash and equivalents as of September 30, 2022.
- Adjusted EBITDA for the quarter increased 35.3% to €153 million. Adjusted EBITDA margin was 20.2%.
- Adjusted EPS for Q3 increased 9.8% to €1.35.
- Outlook: Nomad Foods has reaffirmed its adjusted EPS guidance of €1.65 – €1.71.
- Price Action: NOMD shares are trading higher by 0.32% at $15.86 on the last check Wednesday.
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Kim Jong Un Conducts Second Test Of New Strategic Cruise Missiles Within A Week: ‘Nuclear Weaponization Of The Navy Is An Urgent Task’
The missile, named "Pulhwasal-3-31," was tested under the supervision of North Korean leader Kim Jong Un. The missiles flew above the sea off the country's east coast for over two hours before hitting an unspecified island target.
