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McCormick & Company, the owner of trademarks such as Frank's RedHot, is set to report its Q4 results on Thursday before the market opens. The company's top and bottom lines could benefit from continued stickiness in relevant CPI categories. Improvement in the Asia Pacific region, China specifically, could also shape the narrative on the quarterly results.
Beyond analysts' top -and-bottom-line estimates for McCormick (MKC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended November 2023.
The House Ethics Committee announced Wednesday it was opening an investigation into whether Rep. Sheila Cherfilus-McCormick (D-Fla.
McCormick & Company has been a reliable wealth grower, outperforming the S&P 500 over the past decade. The company is facing challenges due to weak consumer spending and a slowdown in the US economy. Despite these headwinds, McCormick has shown resilience through pricing power, cost management, and a focus on Flavor Solutions.
McCormick (MKC) continues to uphold its commitment to rewarding its shareholders, as evidenced by its latest dividend increase. The company hikes its dividend rate for the 38th time.
McCormick & Co. MKC will raise its quarterly dividend 7.7%, which the company said reflects its commitment to long-term growth and returning cash to shareholders.
Former Bridgewater Associates CEO Dave McCormick discusses how companies are hiring military veterans to whip Gen Z into shape on ‘The Bottom Line.'
McCormick's quarterly earnings were in line with expectations. Economic weakness in China prevented the company from revising its outlook higher.
McCormick & Company rated hold today, in line with consensus from analysts, Wall Street, and the quant system. Positive points are revenue growth, positive sales outlook, growth in cash flow, and equity with drops in debt. Headwinds include net income declines, underperformance vs. S&P 500, and overvalued on the P/E ratio.
Business has been fairly strong except for one headwind: China's slow economic recovery. Hormel and Procter & Gamble have also pointed to the slow China recovery as an issue for them.