McCormick & Co Inc

MKC

Equity

ISIN null / Valor 950544

New York Stock Exchange, Inc (2025-10-17)

USD 67.54+1.41%

McCormick & Co Inc
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About company

McCormick & Co Inc is a global leader in the flavor industry, operating across two distinct segments in 170 countries and territories. The company specializes in the production, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products. McCormick's portfolio includes a range of iconic brands that hold leading share positions in many of their markets, catering to both retail and customer strategies. The company's business model is focused on leveraging its extensive product lineup to meet the diverse taste preferences of consumers worldwide, emphasizing innovation and quality in its offerings. While McCormick is committed to sustainability and energy efficiency, its core business revolves around enhancing the flavor of food and beverages for consumers and culinary professionals alike.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Q4 2024 Sales Growth

Net sales for the fourth quarter increased by 3%, including a 1% benefit from currency fluctuations. This growth was primarily driven by higher sales volume.

Fiscal Year 2024 Performance

For the fiscal year, total sales rose by 1%, with earnings per share up to $2.92 from $2.52 in the previous year, reflecting strong operational performance.

Dividend Increase

The Board authorized a 7% increase to the quarterly dividend, marking the 39th consecutive year of dividend growth for McCormick & Co Inc.

2025 Outlook

McCormick remains optimistic for 2025, focusing on strategic investments in core categories to enhance volume trends, expand operating margins, and drive long-term profitable growth.

Summarized from source with an LLMView Source

Key figures

-15.6%1Y

-8.27%3Y

-32.3%5Y

Performance

23.4%1Y

23.6%3Y

22.8%5Y

Volatility