Nomad Foods Raises Prices, But Shoppers Buy Less
Nomad Foods stock slips as full-year earnings outlook is cut, despite beating Q2 EPS and revenue estimates. Get the full details here.
Nomad Foods charged more for their frozen food, which helped them beat this quarter's targets, but customers bought less stuff overall. This tells us that when prices go up too much, people might choose different brands instead—something to watch as the company figures out its future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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