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

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

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 & Company, Inc. MKC is considering buying Sauer Brands from Falfurrias Capital Partners at a valuation of over $1 billion, Bloomberg cites familiar sources.

McCormick Eyes $1 Billion Deal To Acquire Duke's Mayonnaise Maker

McCormick (MKC), maker of a wide variety of spices and condiments, is reportedly in talks to acquire Sauer Brands for north of $1 billion from its current owner, Falfurrias Capital Partners, according to a Monday evening report from Bloomberg.

Spice Maker McCormick Reportedly in Talks to Buy Duke's Mayo Parent Sauer Brands

McCormick & Company boasts a wide economic moat, strong brand equity, and a century-long dividend streak, having made it a reliable income stream for long-term shareholders. Despite recent underperformance, McCormick's predictable business model and strong market share in spices, seasonings, and condiments offer safe cash flows across economic cycles. Recent low correlation to the S&P 500 on broad market dips shows the potential for MKC to amplify risk-adjusted returns for tech-heavy portfolios.

McCormick & Company: A Wonderful Company At A Fair Price

Freshpet

General Mills

Ingredion

The Zacks Food-Miscellaneous industry is battling a tough consumer landscape and rising costs, though brand enhancement and saving initiatives position GIS, MKC, INGR and FRPT for growth.

4 Food Stocks Demonstrating Resilience Amid Industry Challenges

BioNTech SE

Intel

Coca-Cola

Occidental Petroleum

The end of the year can spur myriad feelings when deciding which stocks are the best buys.

5 Top Stocks to Buy in December

AbbVie

Archer-Daniels-Midland Company

Automatic Data Processing

Albemarle

Amcor Plc

Atmos Energy

Becton, Dickinson and Co.

Franklin Resources

C.H. Robinson Worldwide

Ecolab

Emerson Electric

Hormel Foods

Nordson

NextEra Energy

ProShares S&P 500 Dividend Aristocrats ETF

Nucor

PPG Industries

Roper Technologies

J. M. Smucker

SPDR S&P 500 ETF Trust

Stanley Black & Decker

Target

T. Rowe Price Group

Exxon Mobil

The ProShares S&P 500 Dividend Aristocrat ETF is up 10.26% year-to-date through October. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 40 months of tracking these strategies, two strategies are generating a CAGR superior to NOBL.

My Best Dividend Aristocrats For December 2024

HUNT VALLEY, Md., Nov. 25, 2024 /PRNewswire/ -- Lawrence E.

Brendan Foley to succeed Lawrence Kurzius as Chairman of the Board for McCormick & Company

Assurant

Churchill Downs

LaZBoy

CHDN, LZB, MKC and AIZ recently announced dividend hikes.

4 Stocks That Have Declared Dividend Hikes Amid Market Volatility

MKC announces a 7.1% dividend increase, indicating financial strength and strong shareholder value.

McCormick Raises Dividend: A Closer Look at MKC's Growth Strategy

HUNT VALLEY, Md., Nov. 19, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE: MKC) today declared an increase in the quarterly dividend from $0.42 to $0.45 per share on its common stocks, payable January 13, 2025 to shareholders of record December 30, 2024.

McCormick Announces Increase in Quarterly Dividend

Vita Coco

Consumer staple stocks like INGR, MKC and COCO that have a low beta are a safe bet amid this ongoing market volatility.

3 Consumer Staples Stocks With Upside to Navigate Market Volatility

McCormick has positioned itself well to navigate challenging macroeconomic conditions and continue its recovery in volume growth across key regions.

MKC's Flavorful Growth Journey: Strategic Efforts Fuel Momentum

Abbott Labs

Genuine Parts

Medtronic

Realty Income Corp

PepsiCo

The ProShares S&P 500 Dividend Aristocrats ETF went on a great run during Q3, gaining 11.6% during the quarter. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 39 months of tracking these strategies, all 3 strategies are generating a CAGR superior to NOBL while also offering a higher dividend yield.

My Best Dividend Aristocrats For November 2024

The Company Reaffirmed its 2024 Guidance and Provided Expectations for 2028 HUNT VALLEY, Md. , Oct. 23, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, yesterday held an Investor Day at the company's Global Headquarters in Hunt Valley, Maryland.

McCormick & Company is Advancing its Leadership and Differentiation in Flavor

HUNT VALLEY, Md. , Oct. 17, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will host an Investor Day on Tuesday, October 22, 2024, at McCormick's Global Headquarters in Hunt Valley, Maryland.

McCormick & Company Announces Investor Day Details

McCormick & Company, Incorporated (MKC, Financial), a leading global provider of spices, seasonings, and flavorings, has successfully closed a $500 million debt offering. The company entered into an underwriting agreement with BofA Securities, Inc., Truist Securities, Inc., and Wells Fargo Securities, LLC for the issuance and sale of 4.700% Notes due 2034.

McCormick & Company (MKC) Announces $500 Million Notes Offering

Here are two stocks that have underperformed the S&P 500 but are positioned to rebound and offer a solid dividend.

2 Overlooked and Unloved Dividend Stocks to Buy and Hold Forever

Campbell Soup

Dole

e.l.f. Beauty

Keurig Dr Pepper Inc

Lamb Weston Hlds

Pilgrim's Pride

Tyson Foods

The dockworkers' strike could impact a number of names in the consumer-staples space, warns Bank of America.

These consumer-staples stocks could take a hit from the port strike

McCormick & Co. benefits from the food-at-home trend, boosting demand for seasonings, but faces challenges in the Flavor Solutions segment due to a weak quick-service restaurant outlook. MKC's valuation is concerning at 27.4x forward PE, with consensus assuming normalized EPS growth, limiting upside potential despite positive volume and margin expansion. The latest earnings report shows flat net sales, but gross profit and EBIT margin improved, driven by positive volume/mix growth in the consumer segment.

McCormick: Valuation Already Pricing In Normalized EPS Growth

McCormick & Company, Incorporated remains a long-term buy despite potential short-term pressure; consider selling puts to define entry or collect premium. Fiscal Q3 sales were flat year-over-year, with regional differences and a strategic divestment impacting results; gross profit margin expanded 170 basis points. EPS for Q3 increased 32% to $0.83, driven by cost savings and favorable mix; 2024 EPS guidance raised to $2.81-$2.86.

McCormick: Expanding Profit Power And Dividend-Growth

McCormick & Company, Incorporated (NYSE:MKC ) Q3 2024 Earnings Conference Call October 1, 2024 8:00 AM ET Company Participants Faten Freiha - Vice President, Investor Relations Brendan Foley - President and Chief Executive Officer Mike Smith - Executive Vice President and Chief Financial Officer Marcos Gabriel - Incoming Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JPMorgan Peter Galbo - Bank of America Alexia Howard - Bernstein Max Gumport - BNP Paribas Stephen Powers - Deutsche Bank Rob Dickerson - Jefferies Robert Moskow - TD Cowen Adam Samuelson - Goldman Sachs Thomas Palmer - Citi Faten Freiha Good morning. This is Faten Freiha, VP of Investor Relations.

McCormick & Company, Incorporated (MKC) Q3 2024 Earnings Call Transcript

McCormick & Co. (MKC) shares rose Tuesday as the spice maker posted better-than-expected results on its product offerings and cost-cutting.

Spice Maker McCormick Results Boosted by Product Mix, Cost Savings

McCormick's Q3 results reflect positive volume growth, indicating improving trends across both business segments.

McCormick Q3 Earnings Top Estimates, MKC Volumes Improve Y/Y

While the top- and bottom-line numbers for McCormick (MKC) give a sense of how the business performed in the quarter ended August 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

McCormick (MKC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

McCormick's stock edged higher Tuesday, after the spices and flavor company beat fiscal third-quarter profit expectations and raised its full-year outlook, as volume increased for the first time in about three years.

News for McCormick Stock (MKC)