McCORMICK REPORTS SECOND QUARTER PERFORMANCE AND UPDATES 2022 OUTLOOK
McCormick & Company, Incorporated (MKC)
Last mccormick & company, incorporated earnings: 3/31 06:30 am
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Source: PR Newswire
HUNT VALLEY, Md., June 29, 2022 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2022.Sales declined 1% in the second quarter from the year-ago period and, in constant currency, sales were comparable to the year-ago period. Both comparisons reflect strong underlying sales growth offset by the impact of discrete items, including the impact of COVID-related lockdowns in China and the conflict in Ukraine.Operating income was $157 million in the second quarter compared to $237 million in the year-ago period. Adjusted operating income was $174 million compared to $258 million in the second quarter of 2021.Earnings per share was $0.44 in the second quarter as compared to $0.68 in the year-ago period. Adjusted earnings per share was $0.48 as compared to $0.69 in the year-ago period.For fiscal year 2022, McCormick updated its sales, operating income, and earnings per share outlook.Cha
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MKC
News
- McCormick & Company, Incorporated (NYSE: MKC) had its price target raised by analysts at Barclays PLC from $71.00 to $76.00. They now have an "equal weight" rating on the stock.MarketBeat
- 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
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