McCormick (MKC) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.85 per share a year ago.
Cholula hot sauce maker McCormick forecast annual sales and profit below analysts' estimates on Thursday, hurt by a persistent slump in demand for its spices and condiments, especially in China, as well as higher marketing expenses.
McCormick & Company, Incorporated MKC will release its fourth-quarter financial results, before the opening bell, on Thursday, Jan. 23, 2025.
MKC's Q4 results are likely to reflect improved volume trends, though high SG&A costs are likely to have dampened profits.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for McCormick (MKC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended November 2024.
McCormick (MKC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
McCormick (MKC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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 (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.
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.
MKC announces a 7.1% dividend increase, indicating financial strength and strong shareholder value.
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