McCormick's earnings per share for the quarter were spicier than expected.Shares of flavorings and spices leader McCormick (MKC 4.82%) were up 4% as of 12:45 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.McCormick delighted the market after reporting its second-quarter earnings, delivering $0.69 in earnings per share (EPS) compared to analysts' expectations of $0.59. The company's sales slipped by 1%, but its revenue was better than expected, with its flavor solutions seg ...

财务数据和关键指标变化 - 第二季度销售额同比下降1%,反映了价格持平和1%的销量及产品组合下降 [11] - 消费者业务销售额下降2%,反映了1%的价格投资和销量持平 [12] - 调味品解决方案业务销售额下降1%,反映了1%的价格贡献和2%的销量及产品组合下降 [51] 各条业务线数据和关键指标变化 - 消费者业务在主要市场和核心品类实现了销量增长 [12][16] - 调味品解决方案业务受到一些快餐和包装食品客户需求疲软的影响 [11][23][51] - 公司在美国品牌餐饮服务业务和创新客户的调味品业务实现了销量增长 [19][36] - 公司在亚太地区包括中国的调味品解决方案业务实现了强劲的销量增长 [20] 各个市场数据和关键指标变化 - 美洲地区消费者业务销量有所改善,连续三个季度实现顺序改善 [12] - 欧洲、中东和非洲地区消费者业务实现了两个季度的正增长 [12] - 亚太地区消费者业务(不含中国)实现了强劲的销量主导的销售增长 [12] - 中国消费者业务销售额预计全年将持平 [63] 公司战略和发展方向及行业竞争 - 公司是一家增长型公司,2024年是重要的投资年 [9] - 公司在全渠道和各价位点都有产品,能满足不同消费者需求 [15][121] - 公司在创新、品牌营销、渠道拓展等方面持续投资,以加速销量增长 [26][27][28][29][30][35][36][37] - 公司在调味品解决方案业务方面持续优化客户组合,向更高附加值的产品和技术转型 [109][110][111][112] 管理层对经营环境和未来前景的评论 - 消费者持续表现出价值导向行为,财务焦虑加剧,尤其是中低收入家庭 [13] - 餐饮渠道的通胀导致外食消费疲软,特别是快餐连锁 [13] - 零售端中央货架销量疲软,消费者购买更多必需品,频繁进店 [14] - 但香料调味品等类别受益于这些趋势,公司有信心实现中高端销售增长指引 [39][40][90][124] 其他重要信息 - 公司宣布CFO Mike Smith将于2月底退休,Marcos Gabriel将接任CFO [42][43][44][45][46][47] - 公司预计2024年全年销售额增长将达到中高端指引范围 [39][60] - 公司预计2024年毛利率将同比提升50-100个基点 [64] - 公司预计2024年调整营业利润将同比增长4%-6% [65] - 公司预计2024年调整每股收益将同比增长4%-6% [67] 问答环节重要的提问和回答 问题1 **Andrew Lazar 提问** 询问消费者业务第二季度的顺序改善情况以及支撑这一改善的关键因素 [75][76][77][78][79][80][81] **Brendan Foley 回答** 品牌营销投入增加、新品和包装创新、分销拓展等举措支撑了消费者业务的顺序改善 [76][77][78][79][80][81] 问题2 **Peter Galbo 提问** 询问公司对消费者信心和第二半年趋势的看法 [88][89][90][91] **Brendan Foley 回答** 公司对自身举措充满信心,但对整体消费环境保持谨慎态度,预计消费者行为将与2023年第四季度和2024年上半年相似 [90][91] 问题3 **Ken Goldman 提问** 询问公司是否考虑上调全年指引,鉴于第一半年业绩超预期 [98][99][100][101][102][103][104][105] **Mike Smith 回答** 公司保持谨慎态度,希望保留财务灵活性以应对不确定性,但对下半年前景持乐观态度 [101][102][103][104][105]

McCormick & Company, Incorporated (MKC) reported second-quarter fiscal 2024 results, with the top and the bottom line surpassing the Zacks Consensus Estimate. Quarterly earnings increased year over year. However, sales declined in the quarter as volume growth in the Consumer segment was countered by volume declines in Flavor Solutions. The company experienced reduced demand from certain quick-service restaurants and packaged food customers within Flavor Solutions.MKC’s commitment to achieving long-term obje ...

McCormick (MKC) reported $1.64 billion in revenue for the quarter ended May 2024, representing a year-over-year decline of 1%. EPS of $0.69 for the same period compares to $0.60 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.63 billion, representing a surprise of +1.05%. The company delivered an EPS surprise of +16.95%, with the consensus EPS estimate being $0.59.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

McCormick (MKC) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.95%. A quarter ago, it was expected that this spices and seasonings company would post earnings of $0.58 per share when it actually produced earnings of $0.63, delivering a surprise of 8.62%.Over the last four quarters ...

FOR IMMEDIATE RELEASE McCORMICK REPORTS SECOND QUARTER PERFORMANCE, REAFFIRMS 2024 OUTLOOK, AND ANNOUNCES 2024 INVESTOR DAY HUNT VALLEY, Md., June 27, 2024 - McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2024 and reaffirmed fiscal 2024 outlook. • Sales declined 1% in the second quarter from the year-ago period. In constant currency, sales also declined 1%. These comparisons reflect volume growth in Consumer, off ...

2nd QUARTER 2024 Financial Results and Outlook McCORMICK & COMPANY, INC. June 27, 2024 ...

HUNT VALLEY, Md., June 27, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2024 and reaffirmed fiscal 2024 outlook. Sales declined 1% in the second quarter from the year-ago period. In constant currency, sales also declined 1%. These comparisons reflect volume growth in Consumer, offset by volume declines in Flavor Solutions. Operating income was $234 million in the second quarter compared to ...

"Mike has been an integral leader for McCormick for more than three decades," said Brendan M. Foley, President and Chief Executive Officer (CEO) for McCormick.  "Since he stepped into the role as CFO, sales grew at an industry leading pace of over 50% and we delivered significant shareholder value.  His strategic leadership and focus on value creation have been instrumental in driving top-tier organic growth and the successful acquisition of iconic brands like Frank's RedHot, French's, and Cholula in additi ...

McCormick & Company, Incorporated (MKC) is likely to register top- and bottom-line decline when it reports second-quarter fiscal 2024 earnings on Jun 27. The Zacks Consensus Estimate for revenues is pegged at $1.6 billion, suggesting a decline of almost 2% from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for quarterly earnings has moved down by a penny to 59 cents per share in the past seven days, projecting a 1.7% decline from the figure reported in the year-ago period quarter.The ...