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McCormick & Company Incorporated

MKC

McCormick & Company Inc dropped 7.8% to $68.86 after the spice maker reported quarterly results.

Revenue in the third quarter ending in August increased 6% to $1.7 billion from $1.6 billion and net income dropped to $170 million from $222.9 million and diluted earnings per share dropped to 63 cents from 83 cents a year ago.

The company reiterated its sales and operating earnings outlook for 2023.

Revenue in 2023 is expected to increase between 5% and 7%, primarily driven by price increases and operating income is expected to increase between 11% and 13% from $864 million and diluted earnings per share between $2.46 and $2.51 compared to $2.52 in 2022.
Oct 3, 2023

McCormick & Company Inc, the spice maker, reported stable revenue in its latest quarter.

Revenue in the fiscal first quarter ending in February increased 3% to $1.56 billion from $1.52 billion and net income fell to $139.1 million from $154.9 million and diluted earnings per share dropped to 52 cents from 57 cents a year ago.

The company's sales were negatively affected by 2% from the lower consumption in China due to Covid-related disruptions, exiting from Russia and divestiture of the company's Kitchen Basics business.
Mar 29, 2023

Year	Feb	May	Aug	Nov	Annual

2023	0.52	0.56	0.63	-	-
2022	-	-	-	0.69	2.52
2021	0.69	-	-	2.8	2.8
2020	1.47	1.53	-	2.78	2.78
2019	1.11	1.12	1.43	1.58	2.62
2018	3.18	0.93	1.3	1.59	3.5
2017	0.76	0.82	1.12	1.54	4.24
2016	0.74	-	1.03	1.27	3.04
2015	0.70	0.75	0.85	1.18	3.48
2014	0.62	0.64	0.94	1.14	3.34
2013	0.57	0.59	0.78	0.97	2.91
2012	0.55	0.60	0.78	1.11	3.04
2011	0.57	0.55	0.69	0.98	2.79
2010	0.51	0.49	0.76	0.99	2.75
2009	0.44	0.38	0.57	0.88	2.27
2008	0.39	0.41	0.52	0.62	1.94
2007	0.33	0.31	0.43	0.66	1.73
2006	0.11	0.46	0.32	0.61	1.5
2005	0.26	0.31	0.35	0.64	1.56