McCormick: Opportunity On Acquisitions-Based Sales Growth

11/13/17

With a 20% market share of the seasoning and spice market, McCormick and Company (MKC) is a global leader in the packaged foods industry. The company is four times as large as its next biggest competitor. The March to Freedom Funds owns a tiny position in the name and we would like to own more if the price is right. Since the company reported third quarter earnings on 9/28/2017, now seems like a good time to take another look at MKC. Q3 earnings per share came in at $1.12. This was 7 cents above estimates and 9% above last year's third quarter EPS. Revenue of $1.19 billion was 9.2% above last year's figure. Revenue was also a beat and came in $10 million above expectations. Below is a slide from the company's Q3 earnings presentation that breaks down sales in the quarter. All results I list in this article are in constant currency terms.

READ FULL ARTICLE HERE

It's on us. Share your news here.

Submit your stories and articles to citybizlist today.

Baltimore Business Spotlight

Feature Your Business Here

Connect with these Baltimore Professionals on LinkedIn

  • Edwin Warfield

    Editor in Chief, Warfield Digital

    Connect
  • Jean Halle

    Independent Consultant

    Connect
  • Larry Lichtenauer

    President of Lawrence Howard & Associates

    Connect
  • Newt Fowler

    Partner at Womble Carlyle, LLP

    Connect
  • David Crowley

    Owner at Develop DC

    Connect
  • Carolyn Stinson

    Stinson Marketing Group

    Connect