Following the release of Q2 earnings, shares of McCormick & Co (NYSE:MKC) dipped 0.0 percent in pre-market trade.
Quarterly Findings
Earnings per share fell 53.06 percent year over year to $0.69, beating the $0.61 consensus expectation.
Revenue of $1,557,000,000 was up 11.13 percent year over year, beating the $1,470,000,000 forecast.
Outlook
The projected EPS for the coming fiscal year is between $3.00 and $3.05.
Revenue for the next fiscal year is estimated to range between $6,217,000,000 and $6,329,000,000.
Details on the Conference Call
1st of July, 2021
Time: 8:00 a.m. Eastern Standard Time https://edge.media-server.com/mmc/p/ort6mk2c/ort6mk2c/ort6mk2c/ort6mk2c/ort6mk2c/ort6m
Technicals
The 52-week high for the company was $422.14.
The 52-week low for the company was $82.03.
Price movement in the previous quarter: down 0.98 percent.
Company Description
McCormick has grown to become the world’s premier maker, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings in its 130-year existence. Top quick-service restaurants, retail grocery chains, and other packaged food producers are among McCormick’s customers, with about 40% of sales generated outside of the United States in 150 countries and territories. Old Bay, Zatarain’s, Thai Kitchen, Frank’s RedHot, French’s, and the recently purchased Cholula brand are among the company’s other brands./n
