Why did NOMD's Q4 2024 earnings fall short of forecasts?

Nomad Foods' (NOMD) Q4 2024 earnings fell short of forecasts due to disruptions caused by the implementation of a new Enterprise Resource Planning (ERP) system. Despite strong organic growth and volume growth, the ERP challenges led to a reduction in the full-year 2024 guidance. Specifically, the company lowered its organic revenue growth expectation to a range of 1% to 2%, down from 3% to 4% previously. These disruptions adversely affected the financial performance, resulting in a missed forecast.