Consumers are cooking at home more than before the pandemic, says McCormick CEO

Financial Performance - McCormick reported a strong quarter with earnings beat off a 65 cent basis [1] - Management reaffirmed their full-year forecast [1] Growth Strategy & Market Focus - McCormick is a growth-oriented company focused on flavor, driving volume-led growth [1] - The company is investing in brand marketing, innovation, and distribution [1] - McCormick is focused on meeting the consumer where they are, with a product portfolio positioned well for both short-term and long-term trends [2][3] - McCormick is seeing growth across the store, flavoring food and beverage brands globally, and in the food service industry [5][6] - The company is working with emerging brands that are fast-growing and bringing health benefits to the consumer shelf [6] - McCormick's business in China is starting to show some gradual growth [7] Tariff & Sourcing - McCormick has done a nice job mitigating the tariff impact through 2025 [10] - Over 90% of products sold in the United States are made in the United States, but a great majority of ingredients are sourced outside the United States [11] - McCormick sources black pepper from multiple countries like Brazil, Indonesia, and Vietnam [12][13] Product Innovation - McCormick is driving innovation with heat-flavored products like Thai style chili pepper and Hatch chili pepper [16] - Cholula has expanded its hot sauce offerings, including an extra hot version based on consumer demand [17][18] - The company is relaunching its gourmet line with countertop-worthy packaging [22]