MKC Stock Recent News

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.

Defensive stocks are a key part of the market that can provide significant portfolio benefits. Although they often are not thought of as market outperformers, that certainly is not always the case.

WILMINGTON, Del.--(BUSINESS WIRE)--Citizens for Judicial Fairness released the following statement today after Delaware's Chancellor Kathaleen McCormick granted $176 million in legal fees as part of the Tesla board pay case: “Just a few short months after Delaware celebrated $175 million in Medicaid funding as ‘the single greatest reinforcement of Delaware's Medicaid program' since the Affordable Care Act, Chancellor McCormick awarded the same amount of money to three law firms in a single verd.

HUNT VALLEY, Md., Jan. 2, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its fourth quarter 2024 financial results on Thursday, January 23, 2025, at 8:00 a.m.

McCormick & Co. benefits from the food-at-home trend, boosting demand for seasonings, but faces challenges in the Flavor Solutions segment due to a weak quick-service restaurant outlook. MKC's valuation is concerning at 27.4x forward PE, with consensus assuming normalized EPS growth, limiting upside potential despite positive volume and margin expansion. The latest earnings report shows flat net sales, but gross profit and EBIT margin improved, driven by positive volume/mix growth in the consumer segment.

McCormick & Company, Incorporated remains a long-term buy despite potential short-term pressure; consider selling puts to define entry or collect premium. Fiscal Q3 sales were flat year-over-year, with regional differences and a strategic divestment impacting results; gross profit margin expanded 170 basis points. EPS for Q3 increased 32% to $0.83, driven by cost savings and favorable mix; 2024 EPS guidance raised to $2.81-$2.86.

McCormick & Company, Incorporated (NYSE:MKC ) Q3 2024 Earnings Conference Call October 1, 2024 8:00 AM ET Company Participants Faten Freiha - Vice President, Investor Relations Brendan Foley - President and Chief Executive Officer Mike Smith - Executive Vice President and Chief Financial Officer Marcos Gabriel - Incoming Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JPMorgan Peter Galbo - Bank of America Alexia Howard - Bernstein Max Gumport - BNP Paribas Stephen Powers - Deutsche Bank Rob Dickerson - Jefferies Robert Moskow - TD Cowen Adam Samuelson - Goldman Sachs Thomas Palmer - Citi Faten Freiha Good morning. This is Faten Freiha, VP of Investor Relations.