MKC eyes modest sales growth in Q2. However, rising costs and consumer pressures may weigh on earnings.
McCormick (MKC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
I initiate McCormick & Company, Incorporated with a Hold rating due to lackluster sales growth and only modest margin improvement prospects. Current valuation is stretched, with a forward P/E of 24, is unsupported by meaningful growth drivers or robust cost-cutting. I'll watch for updates on global expansion, brand investments, and progress in the Comprehensive Continuous Investment program for margin recovery.
KITCHENER, Ontario--(BUSINESS WIRE)--Communitech announced today the appointment of Sheldon McCormick as its new CEO, effective April 14. McCormick is a seasoned entrepreneur and leader with extensive experience in scaling businesses, raising capital and navigating markets. With a strong founder-first mindset, he's set to build on Communitech's mission to support tech leaders and their teams, and strengthen Waterloo Region's innovation ecosystem. "I'm honoured to join Communitech at such an imp.
‘Who Believed In You' co-authors Sen. Dave McCormick (R-Pa.
McCormick is working to reformulate products to remove certain ingredients like food dyes under fire from HHS Secretary Robert F. Kennedy Jr.
HUNT VALLEY, Md. , March 26, 2025 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.45 per share on its common stocks, payable April 21, 2025 to shareholders of record April 7, 2025.
McCormick's Q1 results reflect lower earnings as consumer trends remain dynamic. However, savings from the CCI program provide a positive offset.
McCormick & Company, Incorporated is recommended for long-term dividend growth investing due to its stable, slow growth and robust demand for its seasoning and spice lines. Fiscal Q1 sales rose 0.6% year-over-year, driven by strong volumes, with notable growth in APAC and mixed results in other regions. Despite a slight decline in EPS and operating income, the company maintains a positive outlook with projected steady growth and recent dividend increases.
McCormick & Company, Incorporated (NYSE:MKC ) Q1 2025 Earnings Conference Call March 25, 2025 8:00 AM ET Company Participants Faten Freiha - VP, IR Brendan Foley - Chairman, President & CEO Marcos Gabriel - EVP & CFO Conference Call Participants Andrew Lazar - Barclays Peter Galbo - Bank of America Alexia Howard - Bernstein Ken Goldman - JPMorgan Robert Moskow - TD Cowen Max Gumport - BNP Paribas Steve Powers - Deutsche Bank Tom Palmer - Citi Matt Smith - Stifel Faten Freiha Good morning. This is Faten Freiha, VP of Investor Relations.
Consumer staples have done in recent weeks due to macro volatility. Arun Sundaram turns to specific companies investors may have missed, including McCormick & Company (MKC), which he says had a "solid quarter" despite higher operating expenses.
While the top- and bottom-line numbers for McCormick (MKC) give a sense of how the business performed in the quarter ended February 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.