MKC Stock Recent News

McCormick beat on the top and bottom lines despite a weak volume environment. The company is using cost controls and pricing power to navigate through a rough patch.

Shares of McCormick & Company (MKC) are trading higher after reporting first quarter net income jumped 19% year over year. The company's CEO says it will continue to expect improved volume performance throughout the year.

McCormick's (MKC) first-quarter results reflect gains from strong brands and a focus on high-growth areas. Management expects volumes to improve in 2024.

McCormick & Company NYSE: MKC stock may not be cheap, trading at 22X this year's and 20X next year's earnings, but it is undervalued. The company is among the highest-quality consumer staples on the market, trading below its historical norms and near the middle of the group's range.

McCormick & Co. (MKC) stock jumped premarket Tuesday following the release of a first-quarter earnings report that beat expectations, with the spice maker affirming its full-year projections for 2024.

The seasonings maker reaffirms its fiscal-year financial forecasts.

McCormick & Co. Inc.'s stock was up 4.4% in premarket trading on Tuesday after the spice maker's first-quarter profit and revenue topped the FactSet consensus estimates.

McCormick's (MKC) first-quarter performance is likely to reflect the adverse impact of cost inflation. Also, rising SG&A costs are a concern.

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.

"In the context of the FX market, there's been a dramatic regime change," said Mark McCormick, global head of FX and EM strategy at TD Securities. He sees a pickup in global growth and risk sentiment weighing on the US dollar.