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

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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

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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.

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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.

The business is stronger than the stock price would suggest.

3 Reasons to Buy McCormick After Its Q2 Earnings Report

McCormick has been a significant underperformer this year as investors dumped defensive stocks. The company's fundamentals continue to do very well, which makes the current peak in economic sentiment an interesting buying opportunity.

McCormick: This Looks Like A Bottom

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McCormick & Company, Incorporated (MKC) CEO Lawrence Kurzius on Q2 2021 Results - Earnings Call Transcript

McCormick & Co (NYSE: MKC) reported its financial results for the second quarter on Thursday that beat Wall Street estimates and raised its guidance for the full year. Shares of the company tanked just under 1% in premarket trading on Thursday and lost another 1% on market open.

Important points from McCormick's Q2 earnings report

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

McCormick's (MKC) Q2 Earnings Beat Estimates, Sales Up Y/Y

McCormick & Company Inc (NYSE: MKC) reported second-quarter FY21 sales of $1.56 billion, up 11% year-on-year, beating the consensus estimate of $1.47 billion. Flavor solutions segment sales increased 39%, driven by higher sales of away-from-home products, incremental sales from acquisitions, and growth with packaged food and beverage companies.

McCormick Q2 Results Smashes Estimates; Raises FY21 Outlook

Spice giant McCormick & Company, Incorporated (NYSE:MKC) is in focus this morning, after the company reported second-quarter earnings of 69 cents per share -- higher than analysts' anticipated 62 cents per share -- as well as better-than-expected sales growth and revenue.

Call Traders Eye More Upside for Spice Stock

Shares of McCormick & Co (NYSE:MKC) fell 0.0% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were down 53.06% over the past year to $0.69, which beat the estimate of $0.61.

McCormick & Co: Q2 Earnings Insights

McCormick & Co. shares rose 1.6% in premarket trade Thursday, after the maker of spices and flavorings beat estimates for its fiscal second-quarter and raised guidance. Hunt Valley, Md.

McCormick beats estimates and raises guidance as it continues to benefit from cooking at home

HUNT VALLEY, Md., July 1, 2021 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2021.

McCormick Reports Strong Second Quarter Sales Growth And Increases 2021 Financial Outlook

McCormick & Co (NYSE:MKC) announces its next round of earnings this Thursday, July 01. Here is Benzinga's everything-that-matters guide for this Thursday's Q2 earnings announcement.

A Preview Of McCormick & Co's Earnings

McCormick's (MKC) second-quarter fiscal 2021 performance is likely to reflect gains from pandemic-led demand and prudent acquisitions. However, increased pandemic-induced costs are a worry.

McCormick (MKC) to Report Q2 Earnings: What's in the Cards?

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The spice giant reports its latest earnings results on Thursday, July 1.

McCormick Earnings: What to Watch

HUNT VALLEY, Md., June 7, 2021 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be participating in the Deutsche Bank dbAccess Global Consumer Conference at 1:00 p.m.

McCormick & Company to Participate in the Deutsche Bank dbAccess Global Consumer Conference

HUNT VALLEY, Md., June 2, 2021 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, was officially named to the Fortune 500 list of Companies by Fortune Magazine in early June.

McCormick & Company joins the Fortune 500 with strong track record of Industry Leading Performance

HUNT VALLEY, Md., June 1, 2021 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its second quarter 2021 financial results on Thursday, July 1, 2021, at 8:00 a.m.

McCormick & Company's 2021 Second Quarter Results Conference Call to be Available on the Web

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HUNT VALLEY, Md., May 10, 2021 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, was recognized on DiversityInc's 2021 Top 50 list of Companies for Diversity for the fifth year in a row.

McCormick & Company Recognized as 2021 DiversityInc Top 50 Company

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McCormick has a strong track record of revenue and margin growth through industry consolidation. Management has built a wide-moat business, supported by strong industry relationships and an economy of scale.

McCormick: Not Now At This Valuation

HUNT VALLEY, Md., May 4, 2021 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, announced Paige Holley and Gregory Toliver as the 86th and 87th recipients of the Charles Perry McCormick Scholarship, worth $40,000 over four years.

News for McCormick Stock (MKC)