Simply Good FoodsNomad Foods

Simply Good Foods vs Nomad Foods

This page compares Simply Good Foods and Nomad Foods, presenting their business models, financial performance, and market context in a clear, accessible way. It aims to offer a neutral overview to hel...

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The Future Of Food: Beyond Legacy Brands

The Future Of Food: Beyond Legacy Brands

Berkshire Hathaway's multi-billion dollar writedown of its Kraft Heinz stake highlights the struggles of legacy food brands. This creates an opportunity to invest in innovative food companies that are better aligned with modern consumer preferences for healthier and more natural products.

Published: August 4, 2025

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Unlocking Value in Packaged Foods

Unlocking Value in Packaged Foods

This carefully selected group of stocks captures companies that may follow Kraft Heinz's $20B spin-off strategy. Our investment professionals have identified players poised to create shareholder value by separating legacy assets from high-growth brands in the evolving consumer packaged goods sector.

Published: July 14, 2025

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Investment Analysis

Simply Good Foods

Pros

  • Simply Good Foods benefits from consistent double-digit growth in its Quest and OWYN brands, offsetting temporary declines in the Atkins segment.
  • The company maintains a conservative balance sheet with a low debt-to-equity ratio, supporting financial flexibility and resilience.
  • Distribution spans major North American retail channels and e-commerce platforms, offering broad consumer reach and diversified sales streams.

Considerations

  • The company recently recorded a significant non-cash impairment charge on the Atkins brand, reflecting ongoing challenges and lower growth expectations for this legacy segment.
  • Underlying profitability metrics such as net margin and earnings growth lag behind industry peers, suggesting weaker operational efficiency.
  • Historically, the stock has underperformed the broader US food sector over the past year, raising concerns about relative momentum.
Nomad Foods

Pros

  • Nomad Foods operates a well-diversified portfolio of established frozen food brands across Europe, providing resilience against regional demand fluctuations.
  • The company’s focus on value-oriented, convenience products positions it to benefit from consumer trends toward affordable, at-home meal solutions.
  • Nomad maintains a strong presence in core European markets, with opportunities for further expansion in underpenetrated regions.

Considerations

  • Nomad’s valuation, as reflected in its lower price-to-earnings ratio, may indicate market scepticism about future growth prospects compared to peers.
  • Exposure to volatile input costs, particularly for agricultural commodities, could pressure margins if inflation persists or supply chains are disrupted.
  • Slower organic growth in mature markets may limit upside, with near-term catalysts reliant on acquisitions rather than existing brand momentum.

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