The Latest Breaking News from MKC

McCormick & Company has underperformed the S&P 500 over the past year, but analysts are moderately optimistic about the stock’s prospects.

Despite lagging behind the S&P 500 over the past year, analysts remain moderately bullish on McCormick & Company’s prospects.

With McCormick & Company gearing up to release its third-quarter earnings tomorrow, analysts expect a mid-single-digit earnings growth.

Despite McCormick & Company’s outperformance compared to its industry peers, Wall Street analysts remain cautious about the stock’s prospects.

McCormick & Company has significantly underperformed the broader market in the past year, and Wall Street analysts are cautious about the stock’s prospects.

With McCormick & Company expected to release its Q3 earnings in October, analysts project a single-digit bottom-line growth.

September Nasdaq 100 E-Mini futures (NQU24) are trending down -0.23% this morning as an underwhelming sales forecast from chipmaker Micron weighed on sentiment, while investors awaited a flurry of U.S. economic data, a presidential debate, and an earnings report from the world’s largest shoemaker Nike.

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McCormick & Company Inc (NYSE:MKC) has partnered with Berry Global Group Inc (NYSE:BERY) for mechanically recycled polyethylene terephthalate (rPET). The new McCormick Assorted and Neon Food Color bottles are made from 100% post-consumer recycled (PCR) plastic and will be on shelves across North America this month. By shifting to a bottle made from 100% PCR…

If history is any guide, there may be trouble ahead for shares of McCormick & Co (NYSE:MKC). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

McCormick & Co Inc (NYSE:MKC) reported a second-quarter FY22 sales decline of 1.3% year-on-year to $1.54 billion, missing the consensus of $1.61 billion. Flavor solutions segment sales increased 10%, driven by the Americas and EMEA regions. Consumer segment sales declined 8%, reflecting lower volume and product mix. Gross profit was $523 million, with…