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:
- 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 20241.
- 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.
- 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.
NOMD Net Income YoY, Net Income
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.