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

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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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.

McCormick's (MKC) fourth-quarter performance is likely to reflect gains from pricing actions and cost savings. Focus on the GOE programs is likely to contribute to the upside.

McCormick (MKC) Q4 Earnings Coming Up: Factors to Consider

McCormick & Company, the owner of trademarks such as Frank's RedHot, is set to report its Q4 results on Thursday before the market opens. The company's top and bottom lines could benefit from continued stickiness in relevant CPI categories. Improvement in the Asia Pacific region, China specifically, could also shape the narrative on the quarterly results.

McCormick Q4 Earnings Preview: Favorable Ingredients For A Rebound (Rating Upgrade)

Beyond analysts' top -and-bottom-line estimates for McCormick (MKC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended November 2023.

McCormick (MKC) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates

The global leader in flavor remains No. 1 in the food products industry for its efforts to transition to low-carbon, renewable energy sources in operations HUNT VALLEY, Md.

McCormick & Company Named to Corporate Knights Global 100 Sustainability Index for 8th Consecutive Year

HUNT VALLEY, Md. , Jan. 3, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its fourth quarter 2023 financial results on Thursday, January 25, 2024, at 8:00 a.m.

McCormick & Company to Report 2023 Fourth Quarter Financial Results on January 25, 2024

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McCormick has been grappling with cost inflation for a while now. A rising interest rate environment remains a threat to the company.

McCormick (MKC) Down More Than 25% in 6 Months: Here's Why

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Verification Reinforces McCormick's Commitment to Achieving a Sustainable Future Through Energy Efficiency, Sustainable Agriculture, and Value Chain Engagement HUNT VALLEY, Md. , Dec. 11, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is one of several companies leading the journey to net-zero as it announced today that the Science Based Targets initiative (SBTi) has approved its net-zero science-based target by 2050.

McCormick & Company's 2050 Net-Zero Target Validated by Science Based Targets Initiative

McCormick & Company has been a reliable wealth grower, outperforming the S&P 500 over the past decade. The company is facing challenges due to weak consumer spending and a slowdown in the US economy. Despite these headwinds, McCormick has shown resilience through pricing power, cost management, and a focus on Flavor Solutions.

Down 40%, Dividend Aristocrat McCormick Offers Attractive Long-Term Value

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McCormick (MKC) continues to uphold its commitment to rewarding its shareholders, as evidenced by its latest dividend increase. The company hikes its dividend rate for the 38th time.

McCormick (MKC) Rewards Investors With 7.7% Dividend Hike

McCormick & Co. MKC will raise its quarterly dividend 7.7%, which the company said reflects its commitment to long-term growth and returning cash to shareholders.

McCormick & Co. raises its quarterly dividend 7.7%

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If you're looking for companies with steady profitability, cash flow and dividends, then Broadcom Inc. NASDAQ: AVGO, McCormick & Co. Inc. NYSE: MKC and Merck & Co. NYSE: MRK are worthy candidates.

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McCormick's quarterly earnings were in line with expectations. Economic weakness in China prevented the company from revising its outlook higher.

Why Did McCormick Stock Fall 16% in October?

McCormick & Company rated hold today, in line with consensus from analysts, Wall Street, and the quant system. Positive points are revenue growth, positive sales outlook, growth in cash flow, and equity with drops in debt. Headwinds include net income declines, underperformance vs. S&P 500, and overvalued on the P/E ratio.

Hold McCormick To Spice Up A Dividend Portfolio, Until Profits Heat Up Again

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News for McCormick Stock (MKC)