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Shares of the seasonings maker are on track for their best day since March.
McCormick beat market expectations for second-quarter profit and sales on Thursday, led by strong demand for its spices and seasonings in Europe, Middle East and Africa.
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.
HUNT VALLEY, Md. , June 27, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2024 and reaffirmed fiscal 2024 outlook.
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.
McCormick Announces Marcos Gabriel to Become Executive VP & CFO and Planned Retirement of Mike Smith
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.
HUNT VALLEY, Md., June 25, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.42 per share on its common stocks, payable July 22, 2024 to shareholders of record July 8, 2024.
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 May 2024.
Some permabears may look at this headline and think, “Only three overvalued stocks?” The market as a whole does look overvalued in relative terms.