BofA Stays Positive on McCormick (MKC) Despite Weaker Q4 Results [Yahoo! Finance]
Mccormick & Co, Inc (MKC.V)
Company Research
Source: Yahoo! Finance
BofA lowered its price target on McCormick & Company, Incorporated (NYSE:MKC) to $80 from $89 on January 23. However, the firm kept a Buy rating in place. The analyst said the market reacted negatively to the earnings report after several misses in the quarter. Organic sales in Q4 fell short of expectations, mainly due to weaker performance in Americas Flavor Solutions. Gross margin also missed consensus by roughly 150 basis points, and the company's outlook pointed to slower EPS growth in fiscal 2026 than investors had been expecting. In response, BofA cut its FY26 EPS estimate to $3.09 from $3.21, reflecting the margin pressure seen in the fourth quarter. The day before, McCormick warned that profits are likely to be under pressure in fiscal 2026 as higher costs from tariffs and commodities weigh on margins. The company said trade uncertainty has pushed commodity prices higher, while ongoing investments in production facilities and brand marketing have added to cost pressures.
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