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

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Earnings data Q1 2024

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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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EBITDA

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Earnings per share

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Net PPE

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

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Book value per share

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Funds from operations

Change in working capital

Cash from investing

Capital expenditure

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Purchase/sale of business

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Cash from financing

Change in stock

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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.

Conagra Brands

Lamb Weston Hlds

The consumer staples sector is getting beaten up in the 2nd half of 2023, and for no other reason than the sector is boring. It's growing but not quickly; it's not outperforming, but it has been widening margins and driving cash flow, which is of interest.

3 Reliable Growing Dividends Near Rock-Bottom Prices

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 the company's underperformance in the most recent quarter.

Why McCormick & Company Stock Dropped Today

McCormick & Company (MKC) sales were less than expected as demand in China slowed. The news sent shares tumbling.

McCormick Sees Demand Fall in China, and Shares Sink

McCormick & Company, Incorporated (NYSE:MKC ) Q3 2023 Earnings Conference Call October 3, 2023 8:00 AM ET Company Participants Faten Freiha - Vice President of Investor Relations Brendan Foley - President and Chief Executive Officer Mike Smith - Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Alexia Howard - Bernstein Max Gumport - BNP Paribas Adam Samuelson - Goldman Sachs Steve Powers - Deutsche Bank Matt Smith - Stifel Robert Moskow - TD Cowen Rob Dickerson - Jefferies Faten Freiha Good morning. This is Faten Freiha, VP of Investor Relations.

McCormick & Company, Incorporated (MKC) Q3 2023 Earnings Call Transcript

McCormick's (MKC) third-quarter fiscal 2023 results reflect gains from higher pricing, favorable demand and cost optimization. Management raises the bottom-line view.

McCormick (MKC) Q3 Earnings Match Estimates, EPS View Up

Although the revenue and EPS for McCormick (MKC) give a sense of how its business performed in the quarter ended August 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

McCormick (MKC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

McCormick (MKC) is increasingly becoming an attractive investment opportunity, CNBC's Jim Cramer said Tuesday.

Here's why Jim Cramer sees opportunity in the troubled stock of spice maker McCormick

McCormick (MKC) came out with quarterly earnings of $0.65 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.69 per share a year ago.

McCormick (MKC) Meets Q3 Earnings Estimates

The seasonings maker's sales for the Asia-Pacific region declined 16% from last year.

McCormick Stock Falls as Sales Hit by China's Slow Recovery

McCormick & Company (NYSE:MKC) has reported third-quarter earnings that met expectations but revenue that missed the mark, sending its shares lower in Tuesday pre-market trading. The spices and seasonings company said its Consumer segment benefitted from sales growth in the Americas and EMEA regions.

McCormick's shares as 3Q sales fail to cut the mustard

McCormick & Co. Inc. MKC, -1.22% reported Tuesday fiscal third-quarter profit that matched expectations but sales that came up a bit short, as prices increased but volume declined due to a slower-than-expected economic recovery in China.

McCormick matches profit estimate but comes up short on sales

HUNT VALLEY, Md. , Oct. 3, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2023 and reaffirmed fiscal 2023 sales and operating profit outlook.

McCORMICK REPORTS STRONG THIRD QUARTER PERFORMANCE

HUNT VALLEY, Md., Sept. 28, 2023 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.39 per share on its common stocks, payable October 24, 2023 to shareholders of record October 10, 2023.

McCormick Declares $0.39 Quarterly Dividend

McCormick's (MKC) third-quarter results are likely to reflect the impacts of cost inflation and high SG&A costs. However, a focus on the CCI and GOE programs bodes well.

What Awaits McCormick (MKC) as It Queues for Q3 Earnings?

McCormick (MKC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: McCormick (MKC) Q3 Earnings Expected to Decline

NEW YORK--(BUSINESS WIRE)-- #KBRA--On September 20, 2023, KBRA assigned a long-term rating of AA- to the Metropolitan Pier and Exposition Authority (Illinois) McCormick Place Expansion Project Refunding Bonds, Series 2023A and McCormick Place Expansion Project Refunding Bonds, Series 2023B. KBRA additionally affirmed the AA- rating for parity bonds. The outlook remains Stable. To access rating and relevant documents, click here. Click here to view the report. About KBRA  KBRA is a full-service credit r.

KBRA Releases Rating Report for Metropolitan Pier and Exposition Authority (Illinois) McCormick Place Expansion Project Refunding Bonds, Series 2023A and 2023B

Hershey

Mondelez

Continuous inflationary pressure calls for watching closely stocks such as Mondelez International (MDLZ), Hershey (HSY), and McCormick & Company (MKC) as they provide a natural hedge against inflation.

3 Inflation-Proof Consumer Staples Stocks Worth a Watch Now

McCormick (MKC) benefits from brand strength, prudent acquisitions and efficient saving programs. Solid marketing and innovative initiatives have been working well.

McCormick (MKC) Looks Tempting: Up More Than 10% in 6 Months

HUNT VALLEY, Md. , Sept. 6, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its third quarter 2023 financial results on Tuesday, October 3, 2023, at 8:00 a.m.

McCormick & Company, Incorporated to Report 2023 Third Quarter Financial Results on October 3, 2023

McCormick & Company is a dividend aristocrat with close to 40 consecutive annual dividend hikes and has consistently outperformed the Consumer Staples ETF. The company's dividend yield is 1.9%, but it has shown consistent and elevated dividend growth over the past ten years. McCormick has a strong balance sheet and is expected to generate significant free cash flow, making it an attractive investment option at the right price.

McCormick: A Dividend Gem Awaiting The Right Price

McCormick (MKC) benefits from its strategic acquisitions and innovative initiatives. Robust efficiency programs also aid amid cost inflation.

McCormick (MKC) Thrives on Strategic Buyouts & Efficiency Plans

HUNT VALLEY, Md., Aug. 22, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be participating in the Barclays Global Consumer Staples Conference at 12:00 p.m.

McCormick & Company to Participate in the Barclays Global Consumer Staples Conference

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Kraft Heinz is experiencing a turnaround and is on track for growth with improved profitability and margin improvement. Kohl's turned a corner in 2023 and is on track to improve profitability. Verizon is deeply undervalued and offers an 8% yield that may be too good to pass up.

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It is uncertain how long the Fed will continue with its interest rate hikes. Hence, investing in consumer staple stocks like Kimberly-Clark (KMB), McCormick & Company (MKC), J&J Snack Foods (JJSF) and TreeHouse Foods (THS) is a safe bet.

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News for McCormick Stock (MKC)