Why McCormick Is Bucking Consumer-Goods Trends [The Motley Fool]
McCormick & Company, Incorporated (MKC)
Last mccormick & company, incorporated earnings: 3/31 06:30 am
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Source: The Motley Fool
Two quotes from management reveal a major reason behind McCormick's healthy share-price advance in 2018. Changing consumption habits, a shift to online ordering, and competition from small upstart brands on grocery store shelves have stymied the performance of many consumer packaged goods (CPG) companies in recent quarters. Yet spice and condiment multinational McCormick & Company ( NYSE:MKC ) has bucked this trend -- shares are up 21% over the last twelve months, including a 15% year-to-date gain. McCormick's success can, of course, be traced to its August 2017 purchase of Reckitt Benckiser 's ( NASDAQOTH:RBGLY ) RB Foods division, through which McCormick picked up the French's Mustard brand, Frank's RedHot hot sauce, and Cattlemen's barbecue sauce. The portfolio additions contributed 13 percentage points of revenue growth to McCormick's top line in its fiscal second quarter of 2018. They're also contributing to McCormick's wide margin expansion: In the second q
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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