Profile
Sector:
Consumer DefensiveIndustry:
Packaged FoodsCountry:
United StatesIPO:
26 April 1999Next earnings report:
03 October 2024Last dividends:
05 April 2024Next dividends:
08 July 2024Price
after hours | Wed, 03 Jul 2024 20:20:00 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
MKC Latest News
McCormick & Company NYSE: MKC is in the consumer staples sector and is the 8th largest US food products company by market capitalization. The firm reported Q2 2024 earnings on Jun. 27, 2024.
McCormick & Company, Inc. shares hit bottom in 2023 and have since seen a slight run-up, still lagging the market. Q2 sales declined 1.2%, driven by pricing power, with consumer sales down 1% overall. Operating income and EPS increased in Q2, with a positive outlook for future earnings growth and potential global expansion.
Shares of McCormick & Company (MKC) climbed more than 4% in intraday trading Thursday after the spice maker's second-quarter results topped analysts' expectations.
The flavorings company beat analyst expectations on both the top and bottom lines in the second quarter of 2024. Earnings per share in particular surprised the market, beating estimates by 17%.
Shares of the seasonings maker are on track for their best day since March.
McCormick (MKC) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.60 per share a year ago.
McCormick's (MKC) second-quarter earnings reflect gains from strong brands and a focus on high-growth areas. However, lower volumes acted as a deterrent.
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a long-term rating of AA- to the Metropolitan Pier and Exposition Authority McCormick Place Expansion Project Refunding Bonds, Series 2024A and McCormick Place Expansion Project Refunding Bonds, Series 2024B. KBRA additionally affirms the long-term rating of AA- for outstanding McCormick Place Expansion Project Bonds. The Outlook is Stable. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives State.
HUNT VALLEY, Md., June 26, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced the promotion of Marcos Gabriel to Executive Vice President and Chief Financial Officer (CFO), effective December 1, 2024.
McCormick's (MKC) second-quarter performance is likely to reflect the adverse impact of lower volumes and inflationary headwinds. Also, rising SG&A costs are a concern.
What type of business is McCormick & Company Incorporated?
McCormick & Company, Incorporated is engaged in the production, marketing, and distribution of spices, seasonings, and other aromatic condiments for the food industry - retail companies, food manufacturers, and food service establishments. The company was founded in 1915 as the successor to a business established in 1889. The corporation is also a partner in several joint ventures that are involved in the production and sale of seasonings, the most significant of which is McCormick de Mexico. The company specializes in two segments: consumer and flavor solutions segment.
What sector is McCormick & Company Incorporated in?
McCormick & Company Incorporated is in the Consumer Defensive sector
What industry is McCormick & Company Incorporated in?
McCormick & Company Incorporated is in the Packaged Foods industry
What country is McCormick & Company Incorporated from?
McCormick & Company Incorporated is headquartered in United States
When did McCormick & Company Incorporated go public?
McCormick & Company Incorporated initial public offering (IPO) was on 26 April 1999
What is McCormick & Company Incorporated website?
https://www.mccormickcorporation.com
Is McCormick & Company Incorporated in the S&P 500?
Yes, McCormick & Company Incorporated is included in the S&P 500 index
Is McCormick & Company Incorporated in the NASDAQ 100?
No, McCormick & Company Incorporated is not included in the NASDAQ 100 index
Is McCormick & Company Incorporated in the Dow Jones?
No, McCormick & Company Incorporated is not included in the Dow Jones index
When does McCormick & Company Incorporated report earnings?
The next expected earnings date for McCormick & Company Incorporated is 03 October 2024