Financial Data and Key Metrics - The company has adopted the organic sales measure, defined as the impact of volume and mix plus price, to simplify communication and align with investor feedback [5] Business Line Data and Key Metrics - No specific data provided in the content Market Data and Key Metrics - No specific data provided in the content Company Strategy and Industry Competition - The company has made changes to its release and slides to streamline and enhance communication, aligning with investor and analyst feedback [5] Management Commentary on Operating Environment and Future Outlook - The presentation contains projections and forward-looking statements, with actual results potentially differing materially from those projected [4] - The company undertakes no obligation to update or revise publicly any forward-looking statements, whether due to new information, future events, or other factors [4] Other Important Information - The company will refer to certain non-GAAP financial measures during the call, with reconciliations to GAAP results included in the press release and slides [3] - Certain percentages in the comments are rounded, and complete information can be found in the presentation [4] Q&A Session Summary - No Q&A session details provided in the content

Investment Opportunity - McCormick & Company, Incorporated (NYSE: MKC) is considered a long-term buy, with a buy call made at the bottom in October 2023 [1] Service Offering - Seeking Alpha's premier investing service offers a 33% discount, reducing the annual fee from $779 to $564, saving $215 [1] - Benefits of BAD BEAT Investing include understanding market dynamics, executing weekly trade ideas, access to 4 chat rooms, daily analyst summaries, basic options trading education, and extensive trading tools [1] Team Expertise - Quad 7 Capital, the pioneer of BAD BEAT Investing, consists of 7 analysts with diverse experience in business, policy, economics, mathematics, game theory, and sciences [1] - The team has a proven track record, including a notable February 2020 call to sell everything and go short, and has been 95% long and 5% short since May 2020 [1] Investment Strategy - BAD BEAT Investing focuses on short- and medium-term investments, income generation, special situations, and momentum trades [1] - The service aims to teach investors to become proficient traders through a detailed playbook, providing high-quality research with clear entry and exit targets [1]

For the quarter ended November 2024, McCormick (MKC) reported revenue of $1.8 billion, up 2.6% over the same period last year. EPS came in at $0.80, compared to $0.85 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.77 billion, representing a surprise of +1.79%. The company delivered an EPS surprise of +3.90%, with the consensus EPS estimate being $0.77.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

McCormick & Company, Incorporated (MKC) delivered solid fourth-quarter fiscal 2024 results, wherein the top and bottom lines came ahead of the Zacks Consensus Estimate, and sales increased year over year.The company’s strategic investments in key categories helped it fuel volume growth, expand margins and deliver solid earnings improvement in fiscal 2024. Looking into 2025, management remains positive about sustaining its solid momentum, driven by its growth strategies, brand strength and demand for flavor. ...

McCormick (MKC) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.90%. A quarter ago, it was expected that this spices and seasonings company would post earnings of $0.68 per share when it actually produced earnings of $0.83, delivering a surprise of 22.06%.Over the last four quarters ...

4th Quarter 2024 McCormick & Company, Inc. Business Update, Financial Results, and Outlook | January 23, 2025 The following slides accompany a January 23, 2025 earnings release conference call. This information should be read in conjunction with the press release issued on that date. FORWARD-LOOKING INFORMATION Certain information contained in this presentation, including statements concerning expected performance such as those relating to net sales, gross margin, earnings, cost savings, special charges, ac ...

Chairman, President, and CEO's Remarks Brendan M. Foley, Chairman, President, and CEO, stated, "We are pleased to report strong performance for both fourth quarter and fiscal year 2024, an important year for McCormick, in which we built momentum and strengthened our leadership, returning to differentiated and sustainable volume-led growth. We successfully delivered on our objectives for the year. Our strategic investments in core categories enabled us to drive positive volume growth, expand our margins, and ...

Core Insights - McCormick & Company reported strong financial performance for both the fourth quarter and fiscal year 2024, achieving sustainable volume-led growth and strengthening its leadership position in the flavor industry [2][5][20] Financial Performance - For the fourth quarter of 2024, total net sales increased by 2.6%, with organic sales rising by 2% driven by volume and product mix [3][8] - The consumer segment saw a sales increase of 3.5%, while the Flavor Solutions segment experienced a 1.2% increase [3][11] - Earnings per share (EPS) for Q4 2024 was $0.80, a slight decrease from $0.81 in Q4 2023, while adjusted EPS was also $0.80 compared to $0.85 in the previous year [5][13] - For the fiscal year 2024, total net sales increased by 0.9%, with EPS rising to $2.92 from $2.52 in 2023 [4][18] Profitability Metrics - Gross profit for Q4 2024 was $722.2 million, reflecting a 3% increase year-over-year, with a gross profit margin of 40.2% [7][9] - Operating income for Q4 2024 was $306.2 million, up from $297.2 million in Q4 2023, while adjusted operating income was $307.8 million [10][17] - The fiscal year 2024 saw gross profit increase to $2,591 million, with a gross profit margin expansion of 90 basis points [16][19] Cash Flow and Dividends - Cash flow from operations for fiscal year 2024 was $922 million, down from $1.2 billion in 2023, attributed to increased working capital and higher incentive compensation payments [5][19] - The company authorized a 7% increase in its quarterly dividend, marking the 39th consecutive year of dividend increases [5] 2025 Financial Outlook - For fiscal year 2025, McCormick expects net sales growth of 0% to 2%, with adjusted operating income growth projected at 3% to 5% [20][21] - The company anticipates a 1% unfavorable impact from foreign currency exchange on sales and adjusted operating income [20][33] - Adjusted EPS for 2025 is projected to be between $3.03 and $3.08, reflecting continued investments in core categories to drive long-term growth [21][33]

McCormick & Company, Incorporated MKC will release its fourth-quarter financial results, before the opening bell, on Thursday, Jan. 23, 2025.Analysts expect the Hunt Valley, Maryland-based company to report quarterly earnings at 77 cents per share, down from 85 cents per share in the year-ago period. McCormick projects quarterly revenue of $1.77 billion, compared to $1.75 billion a year earlier, according to data from Benzinga Pro.On Nov. 19, 2024, McCormick raised its quarterly dividend from 42 cents to 45 ...

Core Viewpoint - McCormick & Company is expected to report revenue growth in its fourth-quarter fiscal 2024 earnings, with a consensus estimate of $1.77 billion, reflecting a 0.8% increase from the previous year [1]. Revenue and Earnings Estimates - The consensus estimate for earnings has decreased by a penny to 77 cents per share, indicating a 9.4% decline from the same period last year [2]. - McCormick has a trailing four-quarter earnings surprise average of 13.8% [2]. Factors Influencing Results - McCormick achieved global positive volume growth in the third quarter of fiscal 2024, with solid growth in the Consumer segment despite challenges in China [3]. - The Flavor Solutions segment saw sequential volume improvements, particularly in Branded Foodservice, showcasing the company's resilience in complex macroeconomic conditions [3]. - Strategic investments in innovation and distribution expansion are yielding positive results, focusing on brand marketing, product innovation, and proprietary technology [4]. Future Expectations - For 2024, McCormick anticipates a favorable impact from prior pricing actions, with expected improvements in volume trends due to strong brands and targeted investments [5]. - The company plans to discontinue low-margin businesses, which may pressure volume in 2024 but is seen as a long-term strategic move [5]. - Brand marketing expenditures are expected to increase by a high-single-digit percentage for fiscal 2024, with a double-digit rise in investments [7]. Cost and Margin Outlook - Operating profit for the fourth quarter is likely to remain flat year over year, with margin expansion constrained by supply-chain investments and inflationary pressures [8]. - A low-single-digit increase in cost inflation is anticipated for fiscal 2024 [8]. Earnings Prediction - The model predicts an earnings beat for McCormick, supported by a positive Earnings ESP of +1.02% and a Zacks Rank of 3 (Hold) [9].