McCormick's recipe to drive efficiencies stands to support its leading competitive edge.
Wide-moat McCormick again bucked the sluggish top-line fate that has plagued its packaged food peers, chalking up 5% underlying sales growth in the fourth quarter; this reflected 2% higher prices and a 3% benefit from increased volume and favorable mix. Even more impressive, this growth hasn’t come at the expense of profitability, as McCormick expanded its adjusted gross margin 180 basis points to 45.8%. We attribute its solid financial performance to the strength of McCormick’s brand mix, entre...
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.