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 2023

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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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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.

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The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects.

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Here is how McCormick (MKC) and Mamamancini'S Holdings, Inc. (MMMB) have performed compared to their sector so far this year.

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McCormick (MKC) is increasing presence through acquisitions to expand its portfolio. Also, the company benefits from cost-saving efforts.

McCormick (MKC) Gains on Prudent Buyouts & Cost Savings

Bank of America

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Coca-Cola has a globally recognized brand and a long track record of increasing its dividend. McCormick's pricing power is helping it weather some short-term headwinds.

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Sales trends improved slightly this past quarter. McCormick enjoys market-leading profitability.

1 Green Flag for McCormick's Business in 2023

Kimberly-Clark

Consumer spending is declining despite a rise in personal income. Hence, investing in consumer staple stocks like Kimberly-Clark (KMB), Ingredion (INGR), Lamb Weston (LW) and McCormick & Company (MKC) is a prudent move.

4 Safe Stocks to Invest in as Consumer Spending Declines

McCormick posted strong sales and earnings growth in its fiscal Q2. The company's market-topping dividend is positioned to keep growing.

Does This Dividend Growth Stock Deserve to Be on Your Radar?

While the top- and bottom-line numbers for McCormick (MKC) give a sense of how the business performed in the quarter ended May 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, McCormick (MKC) Q2 Earnings: A Look at Key Metrics

As year-over-year grocery inflation normalizes, lapping last year's spikes, consumers continue to cut back where possible, spices and seasonings giant McCormick observes, but many grocery shoppers are beginning to relax.

Private Label Trade-Down Slows as Grocery Inflation Decelerates, McCormick Says

McCormick & Company, Incorporated (NYSE:MKC ) Q2 2023 Earnings Conference Call June 29, 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 Andrew Lazar - Barclays Ken Goldman - JPMorgan Peter Galbo - Bank of America Alexia Howard - Bernstein Steve Powers - Deutsche Bank Max Gumport - BNP Paribas Adam Samuelson - Goldman Sachs Matt Smith - Stifel Robert Moskow - TD Cowen Kasey Jenkins Good morning. This is Kasey Jenkins, Chief Strategy Officer.

McCormick & Company, Incorporated (MKC) Q2 2023 Earnings Call Transcript

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

McCormick (MKC) Raises Profit Guidance on Q2 Earnings Beat

McCormick's NYSE: MKC price action wobbled following a better-than-expected Q2 and increased guidance. The news proves that the decision to transition Brenden Foley into the CEO position was good.

McCormick Rebound Imminent: Executive Transition Complete

McCormick (MKC) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.48 per share a year ago.

McCormick (MKC) Beats Q2 Earnings Estimates

McCormick & Co. Inc. MKC, -1.50%, the parent of flavor brands including French's, Frank's RedHot and McCormick spices, reported Thursday fiscal second-quarter profit that beat expectations and raised its full-year outlook, while sales came up just shy of forecasts as volume fell. Net income for the quarter to May 31 rose to $152.1 million, or 56 cents a share, from $118.5 million, or 44 cents a share, in the year-ago period.

McCormick beats profit expectations and lifts full-year outlook, while sales comes up a bit shy

HUNT VALLEY, Md. , June 29, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2023 and raised fiscal 2023 profit outlook.

McCORMICK REPORTS STRONG SECOND QUARTER PERFORMANCE AND RAISES 2023 PROFIT OUTLOOK

McCormick & Co. Inc. MKC, -1.50% said late Wednesday that its board has promoted Brendan Foley to the role of chief executive officer, effective Sept. 1. Foley was also elected to the board, effective immediately.

McCormick promotes Brendan Foley to CEO

HUNT VALLEY, Md. , June 28, 2023 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced the promotion of Brendan Foley to President and Chief Executive Officer (CEO) for the Company effective September 1, 2023.

Brendan Foley promoted to McCormick Chief Executive Officer; Lawrence Kurzius to continue as Executive Chairman of the Board

McCormick's (MKC) second-quarter results are likely to reflect gains from the Comprehensive Continuous Improvement program amid cost inflation.

McCormick (MKC) Gears Up for Q2 Earnings: Things to Note

McCormick (MKC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

McCormick (MKC) Earnings Expected to Grow: Should You Buy?

CHICAGO & SAN JOSE, Calif.--(BUSINESS WIRE)--Kim McCormick, an Audit partner and the Bay Area Not-for-Profit Practice leader at Grant Thornton LLP, has been named one of the Silicon Valley Business Journal's 2023 “Women of Influence.” The annual awards recognize outstanding business, nonprofit and community leaders who have made a demonstrable impact in the Bay Area. McCormick and her fellow honorees will be celebrated at an event at the Signia by Hilton hotel in downtown San Jose on Thursday,.

Grant Thornton's Kim McCormick named one of Silicon Valley Business Journal's 2023 “Women of Influence”

Here is how McCormick (MKC) and Monster Beverage (MNST) have performed compared to their sector so far this year.

Is McCormick & Company (MKC) Stock Outpacing Its Consumer Staples Peers This Year?

McCormick (MKC) benefits from its Global Operating Effectiveness and Comprehensive Continuous Improvement programs and prudent acquisitions.

Here's Why McCormick (MKC) Looks Well-Positioned for Growth

Two $40,000 Charles Perry McCormick Scholarships Awarded to Georgiana Benckini of Notre Dame Preparatory School and Carter Herbert of Perry Hall High School HUNT VALLEY, Md. , June 8, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, announced Georgiana Benckini and Carter Herbert as the 89th and 90th recipients of the Charles Perry McCormick Scholarship, worth $40,000 over four years.

McCormick Recognizes 2023 Unsung Heroes During In-Person Event at M&T Bank Stadium; Awards $105,000 in Total Scholarships

McCormick (MKC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

News for McCormick Stock (MKC)