MKC Stock - McCormick & Company, Incorporated
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $6.72B | $6.66B | $6.35B | $6.32B | $5.60B |
| Gross Profit | $2.59B | $2.50B | $2.27B | $2.49B | $2.30B |
| Gross Margin | 38.5% | 37.6% | 35.8% | 39.5% | 41.1% |
| Operating Income | $1.06B | $963.00M | $863.60M | $1.02B | $999.50M |
| Net Income | $788.50M | $680.60M | $682.00M | $755.30M | $747.40M |
| Net Margin | 11.7% | 10.2% | 10.7% | 12.0% | 13.3% |
| EPS | $2.94 | $2.54 | $2.54 | $2.83 | $2.80 |
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 15th 2025 | Deutsche Bank | Upgrade | Buy | $75 |
| August 20th 2025 | JP Morgan | Upgrade | Overweight | $83 |
| June 16th 2025 | UBS | Initiation | Neutral | $83 |
| March 27th 2025 | Argus | Downgrade | Hold | - |
| January 8th 2025 | TD Cowen | Upgrade | Buy | $90← $86 |
| December 9th 2024 | Jefferies | Upgrade | Buy | $91← $85 |
| June 12th 2024 | Citigroup | Upgrade | Neutral | $69← $68 |
| April 2nd 2024 | Argus | Upgrade | Buy | - |
| February 1st 2024 | Citigroup | Initiation | Sell | $60 |
| January 22nd 2024 | Consumer Edge Research | Downgrade | Equal Weight | - |
| September 22nd 2023 | HSBC Securities | Initiation | Hold | $86 |
| September 13th 2023 | TD Cowen | Initiation | Market Perform | $87 |
| June 6th 2023 | BofA Securities | Upgrade | Buy | $100← $75 |
| April 14th 2023 | Stifel | Resumed | Hold | $82 |
| March 10th 2023 | UBS | Initiation | Sell | $71 |
Earnings History & Surprises
MKCEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 23, 2026 | — | — | — | — |
Q1 2026 | Jan 22, 2026 | $0.89 | — | — | — |
Q4 2025 | Oct 7, 2025 | $0.81 | $0.85 | +4.9% | ✓ BEAT |
Q2 2025 | Jun 26, 2025 | $0.65 | $0.69 | +6.2% | ✓ BEAT |
Q1 2025 | Mar 25, 2025 | $0.64 | $0.60 | -6.7% | ✗ MISS |
Q1 2025 | Jan 23, 2025 | $0.77 | $0.80 | +3.9% | ✓ BEAT |
Q4 2024 | Oct 1, 2024 | $0.68 | $0.83 | +22.1% | ✓ BEAT |
Q2 2024 | Jun 27, 2024 | $0.59 | $0.69 | +16.9% | ✓ BEAT |
Q1 2024 | Mar 26, 2024 | $0.58 | $0.63 | +8.6% | ✓ BEAT |
Q1 2024 | Jan 25, 2024 | $0.79 | $0.85 | +7.6% | ✓ BEAT |
Q4 2023 | Oct 3, 2023 | $0.65 | $0.65 | 0.0% | = MET |
Q2 2023 | Jun 29, 2023 | $0.57 | $0.60 | +5.3% | ✓ BEAT |
Q1 2023 | Mar 28, 2023 | $0.51 | $0.59 | +15.7% | ✓ BEAT |
Q1 2023 | Jan 26, 2023 | $0.86 | $0.73 | -15.1% | ✗ MISS |
Q4 2022 | Oct 6, 2022 | $0.76 | $0.69 | -9.2% | ✗ MISS |
Q2 2022 | Jun 29, 2022 | $0.65 | $0.48 | -26.2% | ✗ MISS |
Q1 2022 | Mar 29, 2022 | $0.62 | $0.63 | +1.6% | ✓ BEAT |
Q1 2022 | Jan 27, 2022 | $0.80 | $0.84 | +5.0% | ✓ BEAT |
Q3 2021 | Sep 30, 2021 | $0.72 | $0.80 | +11.1% | ✓ BEAT |
Q3 2021 | Jul 1, 2021 | $0.62 | $0.69 | +11.3% | ✓ BEAT |
Latest News
'Meta Board Member Powell McCormick Resigns After Eight Months'- Bloomberg
📉 NegativeMcCormick & Co Increases Its Quarterly Dividend From $0.45 To $0.48
📈 PositiveWalker & Dunlop Secures $92M Refinance For Chicago's Hiltons At McCormick Place
📈 PositiveDeutsche Bank Maintains Hold on McCormick & Co, Lowers Price Target to $71
➖ NeutralStifel Maintains Hold on McCormick & Co, Lowers Price Target to $71
📉 NegativeUBS Maintains Neutral on McCormick & Co, Lowers Price Target to $70
➖ NeutralBarclays Maintains Equal-Weight on McCormick & Co, Lowers Price Target to $72
➖ NeutralBernstein Maintains Outperform on McCormick & Co, Lowers Price Target to $93
➖ NeutralMcCormick Reaffirms Commitment to Growth Despite Inflationary Pressures, Emphasizing That Cost Savings Initiatives Are Bolstering the Company's Resilience and Strengthening Its Differentiated Fundamentals
📈 PositiveMcCormick & Co Lowers FY2025 Adj EPS Guidance from $3.03-$3.08 to $3.00-$3.05 vs $3.04 Est; Company Reiterates Net Sales Growth Of 1%-3% At Constant Currency
➖ NeutralMcCormick & Co Q3 Adj. EPS $0.85 Beats $0.81 Estimate, Sales $1.724B Beat $1.713B Estimate
📈 PositiveUBS Maintains Neutral on McCormick & Co, Lowers Price Target to $71
➖ NeutralJP Morgan Maintains Overweight on McCormick & Co, Lowers Price Target to $82
➖ NeutralUBS Maintains Neutral on McCormick & Co, Lowers Price Target to $79
➖ NeutralMcCormick & Company To Acquire Additional 25% Stake In McCormick De Mexico For $750M, Boosting Ownership To 75%
📈 PositiveJP Morgan Upgrades McCormick & Co to Overweight, Raises Price Target to $83
📈 PositiveEQT jumps as Trump, McCormick plan $70B in AI, energy announcements for Pennsylvania
📈 PositiveFrequently Asked Questions about MKC
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