NYSE:MKCFood
Reassessing McCormick (MKC) Valuation After Earnings Beat and Operating Profit Growth in a Tough Environment
McCormick (MKC) just delivered another earnings beat, with revenue topping expectations and operating profit still growing even as costs nibble at margins, signaling the spice maker’s strategy is working in a tougher backdrop.
See our latest analysis for McCormick.
Those results come after a choppy stretch for the stock, with a roughly 4.6% 3 month share price return but a weaker year to date share price performance and a negative 1 year total shareholder return. This suggests momentum is...