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

Gross Margin

Operating Margin

Profit Margin

Margins

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

Selling, general and administrative expense

Transaction and integration expenses

Special charges

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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 (MKC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why McCormick (MKC) is Poised to Beat Earnings Estimates Again

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McCormick (MKC) suspends operations in Russia after stopping advertising and promotional activity as well as other investments in the country.

McCormick (MKC) Suspends Russian Operations Amid Conflict

McCormick & Co. MKC, -0.38% announced Friday that it is suspending operations in Russia, joining the many companies to do so following Russia's invasion of Ukraine. The spice maker said it would contribute to the Polish Center for International Aid and the World Central Kitchen to support humanitarians efforts for Ukraine.

Spice maker McCormick suspends operations in Russia

HUNT VALLEY, Md., March 11, 2022 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), today announced a suspension of operations in Russia.

McCormick Announces Suspension of Operations in Russia and Details Humanitarian Efforts for Ukraine

McCormick & Co. is a very stable and continually growing business. As a leader in the industry, it is impressive to see nice volume/product mix growth paired with acquisitions.

McCormick Is Positioned To Maintain Dividend Aristocrat Status For The Foreseeable Future

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Primoris Services Corp (PRIM) CEO Thomas McCormick on Q4 2021 Results - Earnings Call Transcript

HUNT VALLEY, Md., March 1, 2022 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its first quarter 2022 financial results on Tuesday, March 29, 2022, at 8:00 a.m.

McCormick & Company's 2022 First Quarter Results Conference Call to be Available on the Web

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McCormick (MKC) is on track to capitalize on the sustained shift to cooking more at home, higher digital engagement, clean and flavorful eating as well as trusted brands.

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

HUNT VALLEY, Md., Feb. 14, 2022 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today released its 2021 Purpose-led Performance (PLP) Report, which highlights McCormick's commitment to delivering top tier financial results while doing what's right for People, Communities and the Planet.

McCormick Releases 2021 Purpose-led Performance Progress Report and Announces New Commitments to Address Climate Change

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After weak bottom-line growth in the fourth quarter, price hikes should improve margins this year.

Why McCormick Is Expecting Strong Profit Growth in 2022

Flavor maker McCormick has a long, steady history of dividend payouts.

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In its most recent earnings results, spice and seasoning maker McCormick & Co. ( MKC , Financial) delivered another beat on both the top and bottom lines, marking the company's fourth straight such quarter. The company continues to post strong growth rates, even as it laps good numbers in the prior year.

McCormick Continues to Dominate Its Industry

McCormick & Company, Incorporated's (MKC) CEO Lawrence Kurzius on Q4 2021 Results - Earnings Call Transcript

McCormick's (MKC) fourth-quarter fiscal 2021 results reflect the impact of higher sales driven by growth in the Flavor Solutions and Consumer units. Also, earnings increase in the quarter.

McCormick's (MKC) Q4 Earnings Beat Estimates, Sales Up Y/Y

McCormick (MKC) delivered earnings and revenue surprises of 5% and 1.73%, respectively, for the quarter ended November 2021. Do the numbers hold clues to what lies ahead for the stock?

McCormick (MKC) Q4 Earnings and Revenues Beat Estimates

McCormick & Co. Inc. shares MKC, -1.16% rose 2.2% premarket Thursday, after the spice maker beat estimates for the fourth quarter and offered upbeat guidance for fiscal 2022. The company posted net income of $197.4 million, or 73 cents a share, for the quarter, down from $200.7 million, or 74 cents a share, in the year-earlier period.

McCormick shares up 2.2% premarket after earnings beat estimates and guidance is above consensus

HUNT VALLEY, Md., Jan. 27, 2022 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the fourth quarter and fiscal year ended November 30, 2021.

McCORMICK REPORTS RECORD SALES GROWTH IN 2021 AND PROVIDES OUTLOOK FOR 2022

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TrustCo Bank Corp NY's (TRST) CEO Robert McCormick on Q4 2021 Results - Earnings Call Transcript

McCormick's (MKC) fourth-quarter fiscal 2021 performance is likely to reflect benefits from recovery in foodservice demand. Also, gains from FONA and Cholula acquisitions are upsides.

Things to Keep in Mind Before McCormick's (MKC) Q4 Earnings

The spice giant will announce its latest results in a few days.

News for McCormick Stock (MKC)