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MKC / McCormick's stock takes a dive after profit misses expectations, sales surprisingly falls

McCormick's stock takes a dive after profit misses expectations, sales surprisingly falls
Shares of McCormick & Co. Inc. MKC, -1.22% took a 5.6% dive in premarket trading Wednesday, after the spices and seasoning mix company reported fiscal second-quarter profit that missed expectations and a surprise decline in sales, and cut its full-year outlook, citing "persistently high" inflation and supply chain challenges. Net income for the quarter to May 31 declined to $118.5 million, or 44 cents a share, from $183.7 million, or 68 cents a share, in the year-ago period. Read More
Posted: Jun 29 2022, 06:43
Author Name: Market Watch
Views: 092156

MKC News  

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

By The Motley Fool
October 14, 2023

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
October 4, 2023

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
October 3, 2023

Why McCormick & Company Stock Dropped Today

By The Motley Fool
October 3, 2023

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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