How has NOMD's earnings trended since 2023?
4/6/2025 07:25pm
Nomad Foods (NOMD) has demonstrated a generally increasing trend in net income since the first quarter of 2023, with some fluctuations. Here's a summary of the company's financial performance over the period:
1. **Growth Trend**: The net income for Q1 2023 was $44.79 million. Subsequent quarters showed increased net income, with the peak at $235.07 million in Q4 2024.
2. **Yearly Increases**: Nomad Foods experienced significant yearly growth in net income, with the most notable increase from $98.72 million in Q2 2023 to $177.81 million in Q3 2023, and then to $213.16 million in Q4 2023. In 2024, the company continued to grow, with Q4 showing the highest net income to date.
3. **Quarterly Variations**: There were some fluctuations, such as a decrease from $177.81 million in Q3 2023 to $37.23 million in Q1 2024. However, the net income recovered to $112.89 million in Q2 2024 and increased to $195.82 million in Q3 2024 before reaching the highest point at $235.07 million in Q4 2024.
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|NOMD|NOMD.N|Nomad Foods|2023 Q1|-27.894296274355774|4.479264E7|169|
|NOMD|NOMD.N|Nomad Foods|2023 Q2|-31.20708477499125|5.37264E7|169|
|NOMD|NOMD.N|Nomad Foods|2023 Q3|2.2577757060241344|8.213184E7|169|
|NOMD|NOMD.N|Nomad Foods|2023 Q4|-31.15790088985573|2.732314E7|169|
|NOMD|NOMD.N|Nomad Foods|2024 Q1|-16.886010737478298|3.722895E7|169|
|NOMD|NOMD.N|Nomad Foods|2024 Q2|41.347624259209624|7.594099E7|169|
|NOMD|NOMD.N|Nomad Foods|2024 Q3|-4.605388117446291|7.834935E7|169|
|NOMD|NOMD.N|Nomad Foods|2024 Q4|94.72190970730304|5.320414E7|169|
The data indicates that Nomad Foods has been performing well financially, with a strong upward trajectory in net income over the past year, despite some minor fluctuations.