The upcoming report from McCormick (MKC) is expected to reveal quarterly earnings of $0.77 per share, indicating a decline of 9.4% compared to the year-ago period. Analysts forecast revenues of $1.77 billion, representing an increase of 0.8% year over year.The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a com ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering McCormick (MKC) , which belongs to the Zacks Food - Miscellaneous industry.This spices and seasonings company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 19.50%.For the last reported quarter, McCormick came out with earnings of $0.83 per share ver ...

The market expects McCormick (MKC) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended November 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...

McCormick & Company, Inc. MKC is considering buying Sauer Brands from Falfurrias Capital Partners at a valuation of over $1 billion, Bloomberg cites familiar sources.In 2019, Falfurrias bought Sauer Brands, famous for its Duke’s mayonnaise brand. The company also produces spices, herbs and other condiments.Also Read: Affirm Secures $4 Billion Loan Deal With Sixth Street to Boost BNPL GrowthIn 2020, McCormick purchased flavor manufacturer Fona International for $710 million and hot sauce maker Cholula for $8 ...

Key TakeawaysBloomberg reported Monday night that spice maker McCormick is in talks to acquire Sauer Brands, another food company.Sauer is best known for its Duke's Mayonnaise brand, and the deal could value Sauer at over $1 billion, Bloomberg reported.Sauer's private equity parent Falfurrias Capital Partners acquired the brand in 2019, and Reuters reported in April that it was considering a sale of the brand. McCormick (MKC), maker of a wide variety of spices and condiments, is reportedly in talks to acqui ...

HUNT VALLEY, Md., Nov. 25, 2024 /PRNewswire/ -- Lawrence E. Kurzius, Executive Chairman of the Board of McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, announced that he will end his eight years of service as Chairman on December 31, 2024.  Mr. Kurzius will continue as a Board member for McCormick, where he was employed for 22 years.  He will not stand for re-election at the Company's annual shareholder meeting in March 2025.  Mr. Kurzius transitioned the Chief Executive Officer re ...

McCormick & Company, Incorporated (MKC) has raised the quarterly dividend by three cents or 7.1% to 45 cents per share. The next dividend payment is scheduled for Jan. 13, 2025, for its shareholders on record as of Dec. 30, 2024. This highlights the company's 101st year of continuous dividend payments and the 39th consecutive year of a quarterly dividend hike, demonstrating MKC's long-term commitment to its shareholders and dedication to returning excess cash through consistent dividend increases. McCormick ...

HUNT VALLEY, Md., Nov. 19, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE: MKC) today declared an increase in the quarterly dividend from $0.42 to $0.45 per share on its common stocks, payable January 13, 2025 to shareholders of record December 30, 2024. This marks the Company's 101st year of continuous dividend payments and the 39th consecutive year it has increased its quarterly dividend. Brendan M. Foley, President & CEO, said "McCormick is a growth company. We are ...

McCormick & Company, Incorporated (MKC) has seen its shares rally 18.3% in the past year, surpassing the industry's growth of 4.9% as well as the Zacks Consumer Staples sector's increase of 7.4%. This performance stems from the company's solid strategic initiatives, which have helped it bolster its position in key markets and core categories. Let's take a closer look at the company's drivers and see if it can continue its growth story. Strategic Initiatives Driving MKC's Growth McCormick's strategic investm ...

The Company Reaffirmed its 2024 Guidance and Provided Expectations for 2028 HUNT VALLEY, Md., Oct. 23, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, yesterday held an Investor Day at the company's Global Headquarters in Hunt Valley, Maryland. Brendan M. Foley, President and CEO, along with members of McCormick's leadership team shared plans to drive sustainable growth by leveraging its competitive advantages and successfully executing on its proven strategies ...