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The Latest Breaking News from MKC

What to Expect From McCormick & Company's Next Quarterly Earnings Report

McCormick & Company is poised to announce its fourth-quarter results this month, and analysts predict a single-digit decline in the company’s bottom-line figure.

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Is Hormel Foods Stock Underperforming the Nasdaq?

Hormel Foods has recently lagged behind the Nasdaq Composite, and Wall Street analysts are expressing caution regarding the stock's future prospects.

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Is McCormick & Company Stock Underperforming the S&P 500?

McCormick & Company has underperformed the S&P 500 over the past year, but analysts are moderately optimistic about the stock’s prospects.

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Do Wall Street Analysts Like McCormick & Company Stock?

Despite lagging behind the S&P 500 over the past year, analysts remain moderately bullish on McCormick & Company’s prospects.

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What to Expect from McCormick & Company's Q3 2024 Earnings Report

With McCormick & Company gearing up to release its third-quarter earnings tomorrow, analysts expect a mid-single-digit earnings growth.

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How Is McCormick & Company's Stock Performance Compared to Other Packaged Foods Stocks?

Despite McCormick & Company’s outperformance compared to its industry peers, Wall Street analysts remain cautious about the stock’s prospects.

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McCormick & Company Stock Outlook: Is Wall Street Bullish or Bearish?

McCormick & Company has significantly underperformed the broader market in the past year, and Wall Street analysts are cautious about the stock’s prospects.

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Here's What to Expect From McCormick & Company's Next Earnings Report

With McCormick & Company expected to release its Q3 earnings in October, analysts project a single-digit bottom-line growth.

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Nasdaq Futures Fall as Micron’s Sales Outlook Disappoints, U.S. GDP Data and Nike Earnings in Focus

September Nasdaq 100 E-Mini futures (NQU24) are trending down -0.23% this morning as an underwhelming sales forecast from chipmaker Micron weighed on sentiment, while investors awaited a flurry of U.S. economic data, a presidential debate, and an earnings report from the world’s largest shoemaker Nike.

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3 Outsourcing Tech Stocks Driving Returns

The tech outsourcing sector’s growth prospects appear promising due to investments in digital transformation, the need for operational efficiencies and cost savings, and the adoption of the latest technologies. Therefore, it could be wise to consider investing in fundamentally strong outsourcing tech stocks such as Nomura Research Institute (NRILY), Cognizant…

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McCormick Partners With Berry Global For Recycled Plastic Food Color Bottle

McCormick & Company Inc (NYSE:MKC) has partnered with Berry Global Group Inc (NYSE:BERY) for mechanically recycled polyethylene terephthalate (rPET). The new McCormick Assorted and Neon Food Color bottles are made from 100% post-consumer recycled (PCR) plastic and will be on shelves across North America this month. By shifting to a bottle made from 100% PCR…

Benzinga

A Bearish Sign Appears On McCormick & Co's Chart

If history is any guide, there may be trouble ahead for shares of McCormick & Co (NYSE:MKC). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Benzinga

McCormick Q2 Earnings Miss Street View; Cuts FY22 EPS Forecast

McCormick & Co Inc (NYSE:MKC) reported a second-quarter FY22 sales decline of 1.3% year-on-year to $1.54 billion, missing the consensus of $1.61 billion. Flavor solutions segment sales increased 10%, driven by the Americas and EMEA regions. Consumer segment sales declined 8%, reflecting lower volume and product mix. Gross profit was $523 million, with…

Benzinga

Why McCormick Stock Is Moving Lower

McCormick & Company Inc (NYSE: MKC) shares are trading lower Wednesday after the company reported worse-than-expected financial results and lowered full-year earnings guidance.

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Benzinga

McCormick & Co: Q2 Earnings Insights

McCormick & Co (NYSE:MKC) reported its Q2 earnings results on Wednesday, June 29, 2022 at 06:30 AM. Here's what investors need to know about the announcement.

Benzinga

McCormick & Co Earnings Preview

McCormick & Co (NYSE:MKC) is set to give its latest quarterly earnings report on Wednesday, 2022-06-29. Here's what investors need to know before the announcement. Analysts estimate that McCormick & Co will report an earnings per share (EPS) of $0.65.

Benzinga

McCormick's Q1 Earnings Top Estimates

McCormick & Co Inc (NYSE:MKC) reported first-quarter FY22 sales growth of 2.7% year-on-year, to $1.52 billion, beating the consensus of $1.47 billion. Flavor solutions segment sales increased 12%, driven by base business, new products, and acquisition growth. Consumer segment sales declined 2%, with minimal impact from currency, and included pricing actions taken to…

Benzinga

McCormick Suspends Operations In Russia

McCormick & Co Inc (NYSE:MKC) has suspended its operations in Russia. The decision follows the company's action at the start of the Russia-Ukraine conflict to stop all advertising and promotional activity and other investments in Russia. McCormick is also supporting the Polish Center for International Aid (PCPM) and the World Central Kitchen…

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Benzinga

McCormick & Co Earnings Perspective: Return On Capital Employed

According to Benzinga Pro data McCormick & Co (NYSE:MKC) posted a 7.06% decrease in earnings from Q3. Sales, however, increased by 11.68% over the previous quarter to $1.73 billion.

Benzinga

Recap: McCormick & Co Q4 Earnings

McCormick & Co (NYSE:MKC) reported its Q4 earnings results on Thursday, January 27, 2022 at 06:30 AM. Here's what investors need to know about the announcement.

Benzinga

Earnings Preview: McCormick & Co

McCormick & Co (NYSE:MKC) is set to give its latest quarterly earnings report on Thursday, 2022-01-27. Here's what investors need to know before the announcement. Analysts estimate that McCormick & Co will likely report an Earnings Per Share (EPS) of $0.80.

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