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                                    What caused NOMD's earnings decline in 2024?
                                </h1> <div class="user_slot" data-v-0eba195e=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/default_aime_user.ec532c9.png" alt="user" class="avatar" data-v-0eba195e=""> <span class="user_desction" data-v-0eba195e="">
                                        
                                        4/6/2025 07:25pm
                                    </span></div></div></div> <div class="seo-text-answer" data-v-0eba195e="">Nomad Foods' earnings decline in 2024 can be attributed to several factors:

1. **ERP Disruption**: The implementation of the Enterprise Resource Planning (ERP) system caused temporary disruptions, leading to a reduction in the full-year 2024 guidance. Nomad Foods had originally expected organic revenue growth of 3% to 4%, but after the ERP disruption, this was lowered to 1% to 2%.
2. **Gross Margin Decrease**: There was a decrease of 200 basis points in the gross margin to 26.9%. This was due to the anticipated impact from the balance sheet inventory revaluation caused by lower inflation, which offset the positive contributions from a favorable mix and higher productivity.

In summary, Nomad Foods' earnings decline in 2024 was primarily caused by the ERP disruption, which led to a reduction in growth guidance, and the decrease in gross margin.</div> <div class="dialog_answer" data-v-0eba195e=""><div class="dialog_content" data-v-0eba195e=""><div class="answer_content" data-v-0eba195e=""></div></div></div></div></div> </div></div></div> </div> <div class="extra-module" data-v-261d488f=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/recommend-logo.4f9ccc8.png" alt="right-logo" fetchpriority="high" class="recommend-logo-img" data-v-261d488f=""> <div class="recommend-part" data-v-7790c618="" data-v-261d488f=""><div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/screener-recommend-icon.b007ca8.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime finds your next big stock</span></div> </div> <div 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caused NOMD's earnings decline in 2024?","1d5c7136-6363-41f7-a3ff-cbe0fb827f77","progress\u002Fsearching_for",1000,"searching_for",0,"rich_text","llm_generated","ths_ainvest_lite_web",null,2001,"🔎 What were the key revenue sources for NOMD in 2024?","🤝 Were there any significant one-time expenses or write-offs in NOMD's 2024 earnings?","📊 What is the current market sentiment towards NOMD's stock?","STR","oeqxkhszf","oeqxkhszf_layer","base","dp07209874","thinking","The user wants to analyze why NOMD's revenue was lower in 2024. I should focus on NOMD's 2024 revenue, earnings report, analyst opinions, and reasons for the revenue decline. I will use FinQuery to obtain such information; use Search for more detail depending on collected negative revenue related information.","auto","agent","4bc538720efbf98","65dc79c6d7676143","explain news events","Querying Stock","signal","39196","\u002F\u002Fcdn.ainvest.com\u002FfrontResources\u002Fs\u002Ffoiegras\u002FrecommendList\u002F1.12.0\u002FrecommendList@1.12.0index.js","Nomad Foods' earnings decline in 2024 can be attributed to several factors:\n\n1. **ERP Disruption**: The implementation of the Enterprise Resource Planning (ERP) system caused temporary disruptions, leading to a reduction in the full-year 2024 guidance. Nomad Foods had originally expected organic revenue growth of 3% to 4%, but after the ERP disruption, this was lowered to 1% to 2%.\n2. **Gross Margin Decrease**: There was a decrease of 200 basis points in the gross margin to 26.9%. This was due to the anticipated impact from the balance sheet inventory revaluation caused by lower inflation, which offset the positive contributions from a favorable mix and higher productivity.\n\nIn summary, Nomad Foods' earnings decline in 2024 was primarily caused by the ERP disruption, which led to a reduction in growth guidance, and the decrease in gross margin.","search",5,"Nomad Foods lowers full-year 2024 guidance after ERP disruptions","Nomad Foods has cut its full-year 2024 guidance following disruptions caused by its Enterprise Resource Planning (ERP) system implementation. The UK-based frozen foods company now expects organic revenue growth to range between 1% and 2%, down from 3% to 4% previously, Nomad Foods said as it reporte...","https:\u002F\u002Ffinance.yahoo.com\u002Fnews\u002Fnomad-foods-lowers-full-2024-124137070.html","2024-11-15","4bc538720efbf98_0",6,"Nomad Foods Reports First Quarter 2024 Financial Results","Gross margin decreased 200 basis points to 26.9% as anticipated impact from balance sheet inventory revaluation due to lower inflation more than offset positive contribution from favorable mix and higher productivity. Adjusted operating expenses increased 11.5% to €112 million due to the planned inc...","https:\u002F\u002Fwww.prnewswire.com\u002Fnews-releases\u002Fnomad-foods-reports-first-quarter-2024-financial-results-302140441.html","2024-05-09","65dc79c6d7676143_1","agent_common_v2\nagent-summary","normal_agent","NONE","typewrite",1743938735423,"stock","169",999,"Nomad Foods' earnings decline in 2024 can be attributed to several factors:\n\n1","Nomad Foods",". **ERP Disruption**: The implementation of the Enterprise Resource Planning (ERP) system caused temporary disruptions, leading to a reduction in the full-year 2024 guidance. Nomad Foods had originally expected organic revenue growth of 3% to 4%, but after the ERP disruption, this was lowered to 1% to 2%[^5]",2000,"normal",".\n2. **Gross Margin Decrease**: There was a decrease of 200 basis points in the gross margin to 26.9%. This was due to the anticipated impact from the balance sheet inventory revaluation caused by lower inflation, which offset the positive contributions from a favorable mix and higher productivity[^6]",".\n\nIn summary, Nomad Foods' earnings decline in 2024 was primarily caused by the ERP disruption, which led to a reduction in growth guidance, and the decrease in gross margin.","2+706_496_21_554+0+0+1d5c7136-6363-41f7-a3ff-cbe0fb827f77+1651d862ce8a15c357ee6f1448e4649d+llm_generated+aimeTagAnalysis+0+0.10531533509492874+1","2+706_496_21_554+0+0+1d5c7136-6363-41f7-a3ff-cbe0fb827f77+857c41fd8cbd955ef72d21c6b60a9a56+llm_generated+aimeTagAnalysis+0+0.045502107590436935+2","2+706_496_21_554+0+0+1d5c7136-6363-41f7-a3ff-cbe0fb827f77+a0eb484a96536be4cabe1935abb74c12+llm_generated+aimeTagAnalysis+0+0.04402392730116844+3",3,"recommend_query_list","ztxxx06c0a024223920bbbeb1e0926","send_text","item_type","rec_info","display_text","rec_reason","root","relative","iwencai\u002FrecommendList0326","aigc",Array(0),"\u002F"));</script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/b929a16.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/28ccbec.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/d9802b5.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/2077034.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/1e0f8d6.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/7a5f495.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/921844b.js" defer=""></script>