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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

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Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

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Current liabilities

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Non-current liabilities

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

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Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Can McCormick (MKC) Keep the Earnings Surprise Streak Alive?

HUNT VALLEY, Md., Sept. 20, 2021 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, announced that it has officially been named a Global Compact LEAD company by the United Nations for its ongoing commitment to the UN Global Compact and its Ten Principles for responsible business.

McCormick & Company Announced as Global Compact LEAD

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The Ratings Game: General Mills will raise consumer prices, and McCormick might, too

McCormick (MKC) expands its presence through acquisitions to boost portfolio. The company's focus on cost savings bodes well.

McCormick (MKC) Benefits From Prudent Buyouts & Innovations

HUNT VALLEY, Md., Sept. 3, 2021 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its third quarter 2021 financial results on Thursday, September 30, 2021, at 8:00 a.m.

McCormick & Company's 2021 Third Quarter Results Conference Call to be Available on the Web

McCormick (MKC) is seeing higher demand amid sustained at-home consumption trend as well as recovery in away-from-home consumption. However, high costs are a concern.

Pandemic-Led Demand Aids McCormick (MKC), High Costs Persist

HUNT VALLEY, Md., Aug. 16, 2021 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, announced the advancement of McCormick's Grown for Good third-party verified sustainability standard for suppliers in the herbs and spices industry.

McCormick & Company Advances Grown for Good Sustainability Standard for Suppliers Around the World

McCormick has been one of the most reliable growers in the consumer staples category. Shares are not cheap, but sometimes it pays to buy quality, and McCormick is a very high quality company.

Add Some Spice To Your Portfolio With McCormick

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The restaurant segment is critical for its bottom line.

Looking Under the Covers at McCormick's Gross Margins

Food giant McCormick is on a roll, and getting a big assist from the pandemic-related reopening process.

McCormick Just Showed Why It's a Solid Reopening Stock

Frank's RedHot is among the items affected by the widespread contamination. The products were shipped to 32 US states, Bermuda and Canada between June 20 and July 21.

McCormick recalls seasonings for possible salmonella at major chain stores

HUNT VALLEY, Md., July 26, 2021 /PRNewswire/ -- McCormick & Company, Inc. is initiating a voluntary recall of McCormick Perfect Pinch Italian Seasoning, McCormick Culinary Italian Seasoning and Frank's RedHot Buffalo Ranch Seasoning due to possible contamination with Salmonella.

Voluntary Recall Notice of McCormick Italian Seasoning products and Frank's RedHot Buffalo Ranch Seasoning due to Possible Salmonella Risk

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McCormick: A Food Stock to Buy on Dips

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The spice giant has an inside track at market share growth.

McCormick Earnings Call: 3 Takeaways

The business is stronger than the stock price would suggest.

3 Reasons to Buy McCormick After Its Q2 Earnings Report

McCormick has been a significant underperformer this year as investors dumped defensive stocks. The company's fundamentals continue to do very well, which makes the current peak in economic sentiment an interesting buying opportunity.

McCormick: This Looks Like A Bottom

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McCormick & Company, Incorporated (MKC) CEO Lawrence Kurzius on Q2 2021 Results - Earnings Call Transcript

News for McCormick Stock (MKC)