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McCormick(MKC) - 2024 Q1 - Earnings Call Presentation
2024-03-26 11:59
1st QUARTER 2024 Financial Results and Outlook McCORMICK & COMPANY, INC. March 26, 2024 1The following slides accompany a March 26, 2024, earnings release conference call. This information should be read in conjunction with the press release issued on that date. Results demonstrate early success of prioritized investments Improved volume performance in Consumer and Flavor Solutions Unit share gains are expected to lead our trends; results to build through 2024 Consumer behavior remains dynamic; responding w ...
McCormick(MKC) - 2024 Q1 - Quarterly Results
2024-03-26 11:28
11 : News Releas FOR IMMEDIATE RELEASE McCORMICK REPORTS STRONG FIRST QUARTER PERFORMANCE AND REAFFIRMS 2024 OUTLOOK HUNT VALLEY, Md., March 26, 2024 - McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the first quarter ended February 29, 2024 and reaffirmed fiscal 2024 outlook. President and CEO's Remarks Brendan M. Foley, President and CEO, stated, "We are pleased to start the year with strong first quarter performance, which reflects the early s ...
McCormick(MKC) - 2023 Q4 - Earnings Call Transcript
2024-01-25 18:59
Thanks so much. Mike said on sort of this portfolio optimization, we really do see that working. So we did make a couple of intentional moves as you know. That's really, I think, allowing us to invest even more in the part of the portfolio, which we know will be the strongest. And then we did make a lot of targeted investments in '23. Andrew Lazar Operator Ken Goldman Brendan Foley Ken Goldman Mike Smith We don't have a ton of, if you think about our percentage of consumption. We're in the 90% range in term ...
McCormick(MKC) - 2023 Q4 - Annual Report
2024-01-24 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended November 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-14920 McCORMICK & COMPANY, INCORPORATED (Exact name of registrant as specified in its charter) | | Maryland | | 52-0408290 | | --- | ...
McCormick(MKC) - 2023 Q3 - Earnings Call Transcript
2023-10-03 16:55
McCormick & Company, Incorporated (NYSE:MKC) Q3 2023 Earnings Conference Call October 3, 2023 8:00 AM ET Conference Call Participants Good morning. This is Faten Freiha, VP of Investor Relations. Thank you for joining today's Third Quarter Earnings Call. During this call, we will refer to certain non-GAAP financial measures. The nature of those non-GAAP financial measures and the related reconciliations to the GAAP results are included in this morning's press release and slides. In our comments, certain per ...
McCormick(MKC) - 2023 Q3 - Quarterly Report
2023-10-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-14920 McCORMICK & COMPANY, INCORPORATED (Exact name of registrant as specified in its charter) Maryland 52-0408290 (State or ot ...
McCormick(MKC) - 2023 Q2 - Earnings Call Transcript
2023-06-29 17:14
Mike Smith In our Consumer segment, constant currency sales increased 7%, reflecting a 9% increase from pricing actions, partially offset by a 2% volume decline. Including in this volume decline are a net 1% increase from the recovery in China, partially offset by the Kitchen Basics divestiture and our business exit in Russia, a 1% decline from exiting DSD or Direct Store Delivery business for our Hispanic bag products in the Americas. Now moving to slide 21, selling, general and administrative expenses or ...
McCormick(MKC) - 2023 Q2 - Earnings Call Presentation
2023-06-29 11:38
The following slides accompany a June 29, 2023, earnings release conference call. This information should be read in conjunction with the press release issued on that date. ADD COLA Lawrence Kurzius Chairman and Chief Executive Officer | --- | --- | |-------------------------------------------------------------------|-------| | | | | Delivered double-digit constant currency sales growth | | | Drove meaningful year-over-year margin expansion | | | Achieved GOE cost savings in line with expectations | | | | | ...
McCormick(MKC) - 2023 Q2 - Quarterly Report
2023-06-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-14920 McCORMICK & COMPANY, INCORPORATED (Exact name of registrant as specified in its charter) Maryland 52-0408290 (State or other ...
McCormick(MKC) - 2023 Q1 - Earnings Call Transcript
2023-03-28 16:36
And our big game campaign during the quarter, our flavor pack version of Fortnite, the Floor is Flavor, had players navigating an immersive chicken wing shaped island and a volcano that's put Frank's RedHot and included in partnership with TGI Fridays and DoorDash, a free chicken wings offer. This was our best big game campaign, capturing over 1 billion impressions in North America. Our investments in brand marketing, merchandising and new products are proving to be effective in driving growth. In the Asia ...