Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative expense

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

McCormick

McCormick & Co., Inc. is engaged in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment operates by selling to retail channels, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce through the following brands: McCormick, French's, Frank's RedHot, Lawry's, Zatarain's, Simply Asia, Thai Kitchen, Ducros, Vahine, Schwartz, Club House, Kamis, Kohinoor, and DaQiao. The Flavour Solutions segment sells to food manufacturers and the foodservice industry both directly and indirectly through distributors, except for its businesses in China and India. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD.

Earnings data Q1 2021

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McCormick projects sales growth and margin expansion despite challenges

McCormick acknowledges a challenging year but expresses confidence in the outlook for 2023. Strong consumer demand and cost savings programs expected to offset challenges. Pricing strategy and new product lines driving growth and attracting new consumers.

McCormick reports solid Q1 results, focuses on innovation and growth

McCormick's Q1 2023 performance showcased sales growth, steady operating income, and improved gross margins, despite challenges in certain regions and increased expenses.
The company's strengths lie in the success of Flavor Solutions and Consumer segments, with opportunities in innovation, sales growth, and debt reduction strategies.
Challenges include flat volume outlook, higher expenses, and regional disruptions, but McCormick remains focused on driving long-term value for shareholders.
Overall, McCormick's strategic focus on innovation, cost optimization, and market trends positions them well for sustainable growth and profitability in 2023.

McCormick reports robust Q2 results, eyes margin expansion and growth

McCormick's Q2 performance showcased strong financial results, with a focus on margin expansion and growth in key segments. Despite challenges in China and certain business exits, the company remains optimistic about future opportunities and growth prospects.

McCormick reports strong Q3 earnings amidst China challenges and growth opportunities

McCormick's Q3 earnings call highlighted strong performance and sustained demand for flavor products. Despite challenges in China and market share pressures, the company remains focused on innovation, efficiency, and margin improvement. Opportunities for growth exist through delveraging, M&A, and continued distribution gains.

McCormick reports Q4 sales growth and margin expansion, faces margin challenges

McCormick's Q4 performance showed sales growth and margin expansion, with a focus on volume-led growth and brand investments. Challenges include consumer behavior shifts and margin pressures in Flavor Solutions, but opportunities lie in investments and margin improvement strategies.

McCormick reports 2% sales growth in Q1 2024 earnings

McCormick's Q1 performance showed sales growth driven by pricing actions, with volume improvements in key segments.
The company faces challenges in certain product categories but is focused on driving volume improvement and gross margin expansion.
Opportunities lie in strengthening the China business, activating price gap management efforts, and leveraging successful product strategies.
Overall, McCormick's financial outlook for 2024 remains positive, with expectations of continued sales growth and earnings increase.

McCormick Q2 2024: Sales Dip, Innovation Drives Growth

McCormick's Q2 2024 earnings reflected a slight sales decline, countered by strategic innovations and market adaptations. With a management transition on the horizon and a confident outlook towards achieving its 2024 financial goals, McCormick is poised to leverage consumer trends and new product lines to drive future growth.

McCormick meets Q3 expectations, eyes growth through key investments

McCormick's Q3 showcased success in key segments, with a focus on driving top-line growth through various levers. Despite challenges in cash flow and certain regions, the company remains optimistic about its outlook for 2024.

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McCormick & Co., Inc. engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces. The Flavor Solutions segment includes seasoning blends, spices and herbs, condiments, coating systems, and compound flavors. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD.

McCormick's sales grew in the first quarter while profits slightly contracted. The spice maker boasts a nearly-four-decade dividend growth streak.

1 Passive Income Stock Investors Should Pay Close Attention To

McCormick is seeing faster sales growth into early 2023. Gross profit margin declines appear to be ending, with a rebound likely ahead.

Why McCormick Stock Was Up This Week

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Up until Tuesday, shares of spice and seasoning maker McCormick and Co. Inc. ( MKC , Financial) had endured a very difficult year, with the stock losing almost 27%. The double whammy of inflationary pressures and currency exchange had weighed on the company's results for some time.

McCormick Roars After Earnings

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McCormick & Company, Incorporated (NYSE:MKC ) Q1 2023 Results Conference Call March 28, 2023 8:00 AM ET Company Participants Kasey Jenkins - Chief Strategy Officer and Senior Vice President, Investor Relations Lawrence Kurzius - Chairman and Chief Executive Officer Brendan Foley - President and Chief Operating Officer Mike Smith - Executive Vice President and Chief Financial Officer Conference Call Participants Ken Goldman - JPMorgan Andrew Lazar - Barclays Alexia Howard - Bernstein Robert Moskow - Credit Suisse Max Gimport - BNP Paribas Steve Powers - Deutsche Bank Adam Samuelson - Goldman Sachs Peter Galbo - Bank of America Cody Ross - UBS Rob Dickerson - Jefferies Kasey Jenkins Good morning. This is Kasey Jenkins, Chief Strategy Officer and Senior Vice President, Investor Relations.

McCormick & Company, Incorporated (MKC) Q1 2023 Earnings Call Transcript

McCormick's (MKC) first-quarter fiscal 2023 results reflect gains from higher pricing along with the impacts of the Kitchen Basics divestiture, pandemic-led reduced consumption in China and cost inflation.

McCormick (MKC) Q1 Earnings Top Estimates, Sales Increase Y/Y

McCormick reaffirmed 2023 guidance after a strong quarter. A business model balancing consumer and commercial customers has helped the company.

Why McCormick Stock Soared Tuesday

If you have doubts about the meaning of McCormick's (NYSE: MKC) Q1 results, look no further than the price action chart. The stock price is up more than 10% on the news and indicating a bottom for this market.

The Bottom Is In For McCormick & Company

McCormick & Company is using D2C to test flavors that could draw new customers into the fold. On an earnings call with analysts Tuesday (March 28), the flavorings giant said consumers are looking for both novel tastes and quick, easy food options.

McCormick Leverages D2C to Meet Demand for Novelty and Convenience

Consumer staples stocks have bifurcated; ones with rising margins are at new highs, while firms with sliding margins have slumped to near 52-week lows. McCormick was in the latter category as investors thumped shares due to weak operating results in 2022.

McCormick Q1 Results: Slump Is Over, Shares Are A Strong Buy

McCormick (MKC) delivered earnings and revenue surprises of 20.41% and 1.33%, respectively, for the quarter ended February 2023. Do the numbers hold clues to what lies ahead for the stock?

McCormick (MKC) Tops Q1 Earnings and Revenue Estimates

Shares of McCormick & Co. Inc. MKC, +1.63% rose 1.3% in premarket trading Tuesday, after the flavor and spices company reported fiscal first-quarter profit that declined but beat expectations, as sales rose to a record amid strength in the flavor business and as pricing increases offset a decline in volume. Net income for the quarter to Feb. 28 fell to $139.1 million, or 52 cents a share, from $154.9 million, or 57 cents a share, in the year-ago period.

McCormick stock rises after profit beats expectations and sales rise to a record, with price increases helping offset volume declines

HUNT VALLEY, Md. , March 28, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the first quarter ended February 28, 2023 and reaffirmed its financial outlook for fiscal year 2023.

McCORMICK REPORTS FIRST QUARTER PERFORMANCE AND REAFFIRMS 2023 OUTLOOK

McCormick's (MKC) first-quarter results are likely to reflect gains from pricing, strong brands and the Comprehensive Continuous Improvement program amid cost headwinds.

Factors to Note as McCormick (MKC) Readies for Q1 Earnings

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McCormick, the top-selling maker of seasonings and spices, is giving its iconic red-cap bottles their first makeover in more than 40 years.

Exclusive: McCormick's iconic red-cap bottles are getting a makeover

McCormick (MKC) is battling escalated cost inflation and supply-chain expenses, which are denting its gross margin.

McCormick (MKC) Down More Than 15% in 3 Months: Here's Why

HUNT VALLEY, Md. , March 9, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced that it has been recognized on the 2023 Barron's 100 Most Sustainable Companies List released by Barron's Magazine.

McCormick & Company Named to Barron's 2023 100 Most Sustainable Companies List

HUNT VALLEY, Md. , March 1, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its first quarter 2023 financial results on Tuesday, March 28, 2023, at 8:00 a.m.

McCormick & Company's 2023 First Quarter Results Conference Call to be Available on the Web

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Cholula maker McCormick & Company Inc is looking to hike prices on its spices and hot sauces but is getting "pushback" on the increases, CEO Lawrence Kurzius said in an interview with Reuters on Tuesday.

Spice maker McCormick sees 'pushback' from retailers on price increases -CEO

One of these consumer goods companies is growing more quickly and delivering stronger profits.

Better Buy: PepsiCo vs. McCormick

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News for McCormick Stock (MKC)