McCormick stock gains after earnings beat [MarketWatch]
McCormick & Company, Incorporated (MKC)
Last mccormick & company, incorporated earnings: 3/31 06:30 am
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Source: MarketWatch
Shares of McCormick & Co. Inc. are up 2.1% in premarket trading Tuesday after the maker of spices reported better-than-expected results for its latest quarter. The company reported fiscal-first quarter net income of $161.8 million, or 60 cents a share, up from $144.7 million, or 54 cents a share, in the year-prior quarter. On an adjusted basis, McCormick earned 72 cents a share, up from 54 cents a share a year earlier and ahead of the FactSet consensus, which called for 59 cents a share. McCormick posted net sales of $1.48 billion, up from $1.21 billion a year prior and above the $1.38 billion that analysts tracked by FactSet had been projecting. "We are capitalizing on accelerating consumer trends, particularly the sustained shift to cooking more at home, increased digital engagement, clean and flavorful eating, and trusted brands, which we are confident will continue to persist even beyond the pandemic," Chief Executive Lawrence Kurzius said in a release. For the full fiscal year, M
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MKC
News
- McCormick Declares $0.42 Quarterly DividendPR Newswire
- McCormick & Company, Incorporated (NYSE: MKC) had its price target raised by analysts at Stifel Nicolaus from $70.00 to $75.00. They now have a "hold" rating on the stock.MarketBeat
- McCormick & Company, Incorporated (NYSE: MKC) had its price target raised by analysts at Citigroup Inc. from $60.00 to $68.00. They now have a "sell" rating on the stock.MarketBeat
- McCormick (MKC) Q1 Earnings & Sales Top Estimates, Grow Y/Y [Yahoo! Finance]Yahoo! Finance
- McCORMICK REPORTS STRONG FIRST QUARTER PERFORMANCE AND REAFFIRMS 2024 OUTLOOK [Yahoo! Finance]Yahoo! Finance
MKC
Earnings
- 3/26/24 - Beat
MKC
Sec Filings
- 3/26/24 - Form 10-Q
- 3/26/24 - Form 8-K
- 3/19/24 - Form 4
- MKC's page on the SEC website