Recap: McCormick & Co Q4 Earnings

 

Shares of McCormick & Co MKC were flat in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share decreased 50.93% year over year to $0.79, which missed the estimate of $0.89.

Revenue of $1,558,000,000 higher by 4.92% from the same period last year, which missed the estimate of $1,560,000,000.

Outlook

The upcoming fiscal year's EPS expected to be between $2.91 and $2.96.

The upcoming fiscal year's revenue expected to be between $5,993,000,000 and $6,105,000,000.

How To Listen To The Conference Call

Date: Jan 28, 2021

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/cdnoujjs

Recent Stock Performance

52-week high: $422.14

Company's 52-week low was at $90.49

Price action over last quarter: down 3.07%

Company Profile

In its nearly 130-year history, McCormick has become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. McCormick's customer base includes top quick-service restaurants, retail grocery chains, and other packaged food manufacturers, with about 40% of sales generated beyond its home turf to include 150 other countries and territories. Beyond its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, and the recently acquired Frank's RedHot and French's brand.

Posted In: BZI-RecapsEarningsNews