MKC Stock

HUNT VALLEY, Md., Jan. 28, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a worldwide leader in flavor, will be speaking at the Consumer Analyst Group of New York (CAGNY) Conference at 4:00 p.m.

Even though McCormick & Co. has shown good volume growth and an improving gross margin, I still recommend holding onto the stock because of slow overall revenue growth and other challenges. In the fourth quarter of 2024, the company reported net sales of $1.8 billion, mainly from volume increases, but adjusted earnings per share fell because of higher taxes and operating costs. Additionally, difficulties in the Asia Pacific region and stagnant volumes in the Flavor Solutions segment are major obstacles that restrict short-term revenue growth.

McCormick & Company, Incorporated (NYSE:MKC) will hold its Q4 2024 Earnings Conference Call on January 23, 2025, at 8:00 AM ET. The call will feature company representatives, including Faten Freiha, the Vice President of Investor Relations, and Brendan Foley, the Chairman and CEO. Various financial analysts from different firms will also participate in the call.

In the fourth quarter, McCormick & Company, Incorporated saw a 2.7% increase in sales due to high demand from both consumers and businesses, even though performance varied by region and the Asia-Pacific market was tough. While their gross profit margin improved, adjusted operating income decreased by 1.1%, and earnings per share (EPS) dropped by 5.9% compared to last year, indicating slow growth. Looking ahead to 2025, McCormick expects only slight sales growth and a modest EPS increase of 2-4%, but it still offers good potential for long-term dividend growth.

McCormick (MKC) reported quarterly earnings of $0.80 per share, which is higher than the Zacks Consensus Estimate of $0.77 per share. This is a decrease compared to earnings of $0.85 per share from the same period last year.

On Thursday, McCormick, the company that makes Cholula hot sauce, predicted that its yearly sales and profits would be lower than what analysts expected. This is due to a continued drop in demand for its spices and condiments, particularly in China, along with increased marketing costs.

HUNT VALLEY, Md., Jan. 23, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a worldwide leader in flavor, has announced its financial results for the fourth quarter and the entire fiscal year that ended on November 30, 2024. They also shared their financial expectations for the fiscal year 2025.

McCormick & Company, Incorporated (MKC) is set to announce its financial results for the fourth quarter on Thursday, January 23, 2025, before the market opens.

MKC's results for the fourth quarter are expected to show better sales trends, but high selling, general, and administrative expenses may have reduced profits.