Nomad Foods reported weaker second-quarter and first-half 2026 results as lower volumes outweighed pricing gains, while management said margin performance and customer momentum improved. Second-quarter revenue fell 3.1% year on year to €724 million, with organic revenue down 2.9% as volume declined 5.9% and price-mix rose 3.0%. Gross margin increased 130 basis points and adjusted gross margin rose 110 basis points to 28.9%, helped by pricing and supply chain productivity. Profit for the period fell 15% to €49 million, adjusted EBITDA (earnings before interest, tax, depreciation and amortization) declined 4.3% to €124 million, reported diluted EPS slipped to €0.35 from €0.37, and adjusted EPS eased to €0.39 from €0.40. For the first six months, revenue fell 4.5% to €1,439 million and adjusted EBITDA dropped 13.3% to €216 million. The company kept its full-year outlook for organic revenue to decline 2%-5%, adjusted EBITDA to decline 5%-10%, and adjusted free cash flow conversion to reach 90% or greater, but lowered adjusted EPS guidance to €1.38-€1.53 from €1.47-€1.62 because of higher interest expense tied to a recently completed refinancing and higher variable interest rates. Chief Executive Officer Dominic Brisby said the company had secured its price increase, expanded gross margins and restored momentum with key retail partners, while Co-Chairman and Founder Noam Gottesman said the board remained confident in management's value creation plan.