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MKC / McCormick beats profit expectations and lifts full-year outlook, while sales comes up a bit shy

McCormick beats profit expectations and lifts full-year outlook, while sales comes up a bit shy
McCormick & Co. Inc. MKC, -1.50%, the parent of flavor brands including French's, Frank's RedHot and McCormick spices, reported Thursday fiscal second-quarter profit that beat expectations and raised its full-year outlook, while sales came up just shy of forecasts as volume fell. Net income for the quarter to May 31 rose to $152.1 million, or 56 cents a share, from $118.5 million, or 44 cents a share, in the year-ago period. Read More
Posted: Jun 29 2023, 06:48
Author Name: Market Watch
Views: 112291

MKC News  

1 Magnificent S&P 500 Dividend Stock Down 33% to Buy Hand Over Fist

By The Motley Fool
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1 Magnificent S&P 500 Dividend Stock Down 33% to Buy Hand Over Fist

McCormick dominates the global spice industry and is twice as big as its two largest peers combined. However, inflation took a significant bite out of more_horizontal

McCormick CEO: Grocery Shoppers Want Value Without Sacrificing Brand Names

By PYMNTS
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McCormick CEO: Grocery Shoppers Want Value Without Sacrificing Brand Names

Even as consumers seek out low-cost options, they choose brand names when given a budget-friendly choice, according to McCormick. The flavors and seas more_horizontal

With rates going nuts McCormick won't get credit for cinsistent growth, says Jim Cramer

By CNBC Television
October 3, 2023

With rates going nuts McCormick won't get credit for consistent growth, says Jim Cramer

By CNBC Television
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Why McCormick & Company Stock Dropped Today

By The Motley Fool
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Why McCormick & Company Stock Dropped Today

McCormick & Company is growing net sales and profits just not as fast as investors had hoped. Weak results in China seem to be the primary culprit for more_horizontal

McCormick Sees Demand Fall in China, and Shares Sink

By Investopedia
October 3, 2023

McCormick Sees Demand Fall in China, and Shares Sink

McCormick & Company (MKC) sales were less than expected as demand in China slowed. The news sent shares tumbling. more_horizontal

McCormick (MKC) Q3 Earnings Match Estimates, EPS View Up

By Zacks Investment Research
October 3, 2023

McCormick (MKC) Q3 Earnings Match Estimates, EPS View Up

McCormick's (MKC) third-quarter fiscal 2023 results reflect gains from higher pricing, favorable demand and cost optimization. Management raises the b more_horizontal

Cramer's Mad Dash: McCormick & Company

By CNBC Television
October 3, 2023

Cramer's Mad Dash: McCormick & Company

CNBC's Jim Cramer delivers his daily Mad Dash. more_horizontal


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