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

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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

Earnings data Q2 2021

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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

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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) is witnessing higher consumer demand, stemming from escalated at-home consumption amid the pandemic. However, it is grappling with COVID-19-induced costs.

McCormick (MKC) Poised on Pandemic-Led Demand, Hurt by Costs

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In today's edition of The Stockout CPG-focused newsletter, I discuss a company that has been dealing with exactly that — stockouts. McCormick & Co., the world's largest spice company, reported earnings last week (for its first quarter ending Feb. 28) and provided an outlook that was favorable, boosted by continued elevated levels of at-home consumption.

The Stockout: Spices returning to shelves as McCormick restocks

The spice and flavorings giant looks more attractive after management raises its 2021 outlook.

Time to Buy McCormick Stock After a Strong Quarter?

McCormick & Company, Incorporated's (MKC) CEO Lawrence Kurzius on Q1 2021 Results - Earnings Call Transcript

McCormick & Co. (NYSE:MKC) released results for its first quarter of fiscal 2021, which ended Feb. 28, before the market opened on March 30. Both earnings and revenue surpassed Wall Street's expectations as the coronavirus pandemic boosted customer demand for packaged food.

Key Takeaways From McCormick's 1st-Quarter Earnings

McCormick's (MKC) first-quarter fiscal 2021 results reflect the impact of higher sales and earnings driven by growth in the Consumer and Flavor Solutions unit. Management raises fiscal 2021 view.

McCormick's (MKC) Q1 Earnings Beat Estimates, Sales Up Y/Y

McCormick & Co. Inc. (NYSE: MKC) reported its financial results for the fiscal first quarter on Tuesday that beat Wall Street estimates. McCormick shares that you can conveniently trade online via a range of user-friendly apps were reported just under 3% up in premarket trading on Tuesday.

McCormick beats Wall Street estimates in the fiscal first quarter

Shares of McCormick & Co (NYSE:MKC) rose 2.2% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were down 33.33% year over year to $0.72, which beat the estimate of $0.58.

McCormick: Q1 Earnings Insights

Shares of McCormick & Co. Inc. are up 2.1% in premarket trading Tuesday after the maker of spices reported better-than-expected results for its latest quarter. The company reported fiscal-first quarter net income of $161.8 million, or 60 cents a share, up from $144.7 million, or 54 cents a share, in the year-prior quarter.

McCormick stock gains after earnings beat

HUNT VALLEY, Md., March 30, 2021 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the first quarter ended February 28, 2021.

McCormick Reports Double Digit First Quarter Growth And Increases 2021 Financial Outlook

McCormick & Co (NYSE:MKC) unveils its next round of earnings this Tuesday, March 30. Get prepared with Benzinga's ultimate preview for McCormick & Co's Q1 earnings.

McCormick & Co's Earnings Outlook

The spice and flavorings giant will announce its latest earnings results in just a few days.

McCormick Earnings: 3 Trends to Watch

McCormick & Company, Incorporated (NYSE:MKC) is an American multinational food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products to the entire food industry.

History Signals McCormick Stock's Post-Earnings Swing is Uncertain

McCormick's (MKC) first-quarter fiscal 2021 results are likely to reflect gains from pandemic-led demand, innovation, acquisitions and the Comprehensive Continuous Improvement program.

McCormick (MKC) Queued for Q1 Earnings: Factors to Watch

A balanced business model can thrive in different economic environments.

Worried About Another Crash? Buy This Stock

Shares of McCormick & Company (NYSE:MKC) have increased 45% over the last year as the company has benefited from its leadership position in the otherwise highly fragmented seasoning and spice industry. This sent the stock much higher and its price-earnings ratio was in the mid-30s for quite some time, which is a valuation usually reserved for high growth companies.

McCormick: Becoming More Attractive

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McCormick (MKC) is gaining on pandemic-induced escalated at-home cooking trend. Also, effective cost-saving plans bode well amid rising costs.

McCormick (MKC) Benefits from High Demand, Lucrative Buyouts

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McCormick (MKC) reported earnings 30 days ago. What's next for the stock?

Why Is McCormick (MKC) Down 7.4% Since Last Earnings Report?

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McCormick is a high-growth dividend stock in a defensive sector. Investors benefit from strong (and rising) free cash flow, a healthy balance sheet, and a good mix between organic and acquired growth.

News for McCormick Stock (MKC)