We don’t recommend McCormick

We don’t recommend McCormick

McCormick’s sales rose 5.6%, as higher selling prices which offset lower volumes.

Meanwhile, the stock trades at 26.0 times the company’s 2023 earnings forecast.

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MCCORMICK & CO. INC. (New York symbol MKC; www.mccormick.com) makes spices, seasonings and flavours.

In its fiscal 2023 third quarter, ended August 31, 2023,… Read More

Earnings fell 12% due to rising costs at McCormick

Earnings fell 12% due to rising costs at McCormick

Weakened demand also contributed to the earnings drop while China exposure poses another continued risk to McCormick’s prosperity.

Meanwhile, the stock trades at a high 29.5 times the company’s 2023 earnings forecast.

For a rising portfolio

Learn everything you need to know in 'How to Find the Best Growth Stocks' for FREE from The Successful Investor.

Canadian Growth Stocks: CGI Group, CAE Inc., Fortis Inc. Stock and more.

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MCCORMICK & CO. INC. (New York symbol MKC; www.mccormick.com) makes spices and seasonings.

McCormick will now… Read More

McCormick & Co. faces earnings challenges

McCormick & Co. faces earnings challenges

Increased selling prices led to a 3% jump in revenue for this company during the most-recent quarter.

However, lower volumes and iffy demand going forward suggest the company’s growth will be challenged in the near term. The stock trades at a high 32.0 times the company’s… Read More

Earnings fell dramatically at McCormick & Co.

Earnings fell dramatically at McCormick & Co.

The firm’s dependence on sales from restaurants and foodservice customers is a good reason why its year-to-date return remains negative and sales remain shaky.

The stock still trades at 29.2 times the company’s 2022 earnings forecast.

MCCORMICK & CO. INC. (New York symbol MKC) makes spices, seasonings… Read More