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

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.

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McCormick & Company, Incorporated (NYSE:MKC ) Q3 2022 Earnings Conference Call October 6, 2022 8:00 AM ET Company Participants Kasey Jenkins - Chief Strategy Officer and SVP of IR Lawrence Kurzius - Chairman and CEO Mike Smith - EVP and CFO Brendan Foley - President and COO Conference Call Participants Ken Goldman - JPMorgan Robert Moskow - Credit Suisse Steve Powers - Deutsche Bank Chris Growe - Stifel Andrew Lazar - Barclays Adam Samuelson - Goldman Sachs Peter Galbo - Bank of America Kasey Jenkins Good morning. This is Kasey Jenkins, Chief Strategy Officer and Senior Vice President, Investor Relations.

McCormick & Company, Incorporated (MKC) Q3 2022 Earnings Call Transcript

McCormick (MKC) delivered earnings and revenue surprises of 6.15% and 0.33%, respectively, for the quarter ended August 2022. Do the numbers hold clues to what lies ahead for the stock?

McCormick (MKC) Q3 Earnings and Revenues Top Estimates

Shares of McCormick & Co. Inc. MKC, -1.50% were indicated down less than 1% in premarket trading Thursday, after the spices and seasonings mix company reported fiscal third-quarter profit that fell short of expectations, amid continued supply chain challenges and as recovery of certain constrained materials took longer than anticipated. Net income rose to $222.9 million, or 82 cents a share, from $212.4 million, or 79 cents a share, in the year-ago period.

McCormick's stock set to fall after profit miss as margins contracted

HUNT VALLEY, Md. , Oct. 6, 2022 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2022 and reaffirmed its financial outlook for fiscal year 2022.

McCORMICK REPORTS THIRD QUARTER PERFORMANCE AND REAFFIRMS 2022 OUTLOOK

McCormick & Co. Inc. ( MKC , Financial) is a global food company that specializes in spices, seasoning mixes and condiments.

McCormick Is Facing Headwinds

McCormick & Company's (MKC) results for the fiscal third quarter are likely to reflect adverse impacts from cost escalations and supply-chain disruptions.

McCormick & Company (MKC) to Post Q3 Earnings: Things to Note

HUNT VALLEY, Md. , Sept. 29, 2022 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE: MKC) declared a quarterly dividend of $0.37 per share on its common stocks, payable October 25, 2022 to shareholders of record October 11, 2022.

McCormick Declares $0.37 Quarterly Dividend

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McCormick (MKC) is battling escalated supply-chain costs, which are denting its gross margin.

McCormick (MKC) Down More Than 19% in 6 Months: Here's Why

McCormick has been a solid long-term value creator. The company is hit by turmoil caused by slower growth and inflation this year.

McCormick: Too Spicy For Me

McCormick now expects adjusted earnings for the full year in the range of $2.63 to $2.68 a share.

McCormick Issues Bland Outlook as Inflation Continues to Pinch

McCormick (MKC) lowers fiscal 2022 view, considering third-quarter preliminary results; moderation of consumption trends, supply-chain costs, currency headwinds and impacts from a divestiture.

McCormick (MKC) Lowers FY22 Guidance on Preliminary Q3 Results

Shares of McCormick & Co. Inc. MKC, +3.41% fell 6% in the extended session Wednesday after the spice maker and distributor said that third-quarter sales have fallen short of its expectations. Sales are expected to rise by about 3% in the quarter, McCormick said, and per-share adjusted earnings are seen at around 65 cents, compared with 80 cents a share in the year-ago period.

McCormick stock falls 6% after spice maker calls for lower sales, pinning it on inflation

HUNT VALLEY, Md. , Sept. 7, 2022 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today announced preliminary financial results for the third quarter ended August 31, 2022 and updated its financial outlook for fiscal year 2022.

McCORMICK REPORTS PRELIMINARY THIRD QUARTER PERFORMANCE AND UPDATES 2022 OUTLOOK

HUNT VALLEY, Md. , Sept. 1, 2022 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its third quarter 2022 financial results on Thursday, October 6, 2022, at 8:00 a.m.

McCormick & Company's 2022 Third Quarter Results Conference Call to be Available on the Web

McCormick (MKC) is grappling with pressures from higher inflation and broad-based supply chain-related hurdles. Yet, its saving efforts area tailwind.

McCormick (MKC) Hurt by Cost Inflation & Supply Chain Issues

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HUNT VALLEY, Md. , Aug. 4, 2022 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced that its emission reduction targets have been officially approved by SBTi (The Science Based Targets Initiative) and are consistent with levels required to meet the goals set by the Paris Agreement.

McCormick & Company Receives SBTi Validation of Greenhouse Gas Emission Reduction Targets

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

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McCormick's stock has fallen into a bear market in recent weeks.

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McCormick is a Dividend Champion with 36 consecutive years of dividend growth.  Shares currently offer a dividend yield of 1.80%. McCormick offers any kind of flavor solution for consumer whether they are at home or on the go.

McCormick: Still Sitting On The Sidelines

McCormick & Company, Incorporated (NYSE:MKC) is an American food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products to the entire food industry including e-commerce channels, grocery, food manufacturers, and foodservice businesses.

News for McCormick Stock (MKC)