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Jim Cramer discusses why he's keeping an eye on McCormick & Company ahead of it reporting earnings.
Spice and seasonings specialist McCormick (MKC 0.21%) reported fiscal 2025 first-quarter earnings on Tuesday, March 25, that fell just short of analysts' consensus expectations. Earnings per share (EPS) of $0.60 missed the expected $0.64 while revenue for the quarter was $1.605 billion, just below the expected $1.611 billion.
McCormick (MKC) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.63 per share a year ago.
McCormick missed first-quarter profit estimates on Tuesday, as higher promotional expenses and price cuts for its spices, sauces and seasonings fell short of boosting demand.
HUNT VALLEY, Md. , March 25, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the first quarter ended February 28, 2025 and reaffirmed fiscal 2025 outlook.
McCormick & Company, Incorporated (NYSE: MKC) will release its first-quarter financial results before the opening bell on Tuesday, March 25.
McCormick & Company, Incorporated MKC will release its first-quarter financial results before the opening bell on Tuesday, March 25.
CNBC's Jim Cramer on Friday listed next week's top market-moving events, including earnings reports from GameStop, McCormick and Dollar Tree. He underscored that angst on Wall Street will continue as tariff policy remains uncertain.
MKC's Q1 results are likely to reflect growth from volume, product mix and cost-saving initiatives, but high costs pose risks.
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.