Reports Q4 revenue $1.7B, consensus $1.77B. Lawrence Kurzius, chairman and CEO, stated, "Our fourth quarter concluded a challenging year for McCormick as we navigated a dynamic global environment including persistently high cost inflation and supply chain challenges, significant disruptions in China related to COVID, and the conflict in Ukraine. Despite market-driven volatility, we ended the year with positive momentum in consumer consumption trends and Flavor Solutions demand, stabilized service levels and supply, and meaningful progress in starting to reshape our cost structure, all of which are important drivers in our continued execution of McCormick’s long-term strategies."
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on MKC:
- McCORMICK REPORTS 2022 FINANCIAL RESULTS AND PROVIDES 2023 OUTLOOK
- McCormick price target raised to $83 from $79 at Deutsche Bank
- McCormick names Sarah Piper as Chief Human Relations Officer
- McCormick Announces Increase in Quarterly Dividend
- McCormick raises quarterly dividend to 39c from 37c per share