McCormick Boasts Flavorful Sales and Profit Momentum in the Third Quarter; Shares a Touch Heated
Despite an uncertain global macroeconomic environment, wide-moat McCormick posted solid third-quarter results (which included 3.7% underlying sales growth and a 130-basis-point increase in adjusted operating margins to 15.8%) that highlight the strength of its intangible assets and cost advantage. The top-line gain is even more impressive given that it came on top of a 5% uptick in the year-ago quarter and was broad-based across the consumer (up 3.4%) and industrial (up 4.3%) segments. Center-of...McCormick & Co. manufactures, markets and distributes spices, seasoning mixes, condiments and other flavor products to the food industry- retailers, food manufacturers and foodservice businesses. The company also is partner in a number of joint ventures that are involved in the manufacture and sale of flavor products. The company's business segments comprised of: consumer, in which the company markets its products to customers and supplies private label items, known as store brands; and flavor solutions, which provides a range of flavor solutions including seasoning blends, spices and herbs, condiments, coating systems and compound flavors.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.