Categories Earnings, Retail

McCormick & Company (MKC): Q1 2020 Earnings Snapshot

— McCormick & Company Incorporated (NYSE: MKC) reported Q1 2020 earnings of $1.08 per share, vs. $1.03 expected.

— Sales fell 2% to $1.21 billion, vs. $1.23 billion expected.

— Consumer segment sales dropped 6% year-over-year to $699.5 million.

— Flavor Solutions segment sales grew 5% to $512.5 million.

— McCormick withdrew its FY2020 guidance due to the COVID-19 outbreak. The company expects to resume its guidance at the time of its Q2 results in June.

— MKC shares were up slightly in premarket hours on Tuesday.

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment
Loading...

Cancel
Viewing Highlight
Loading...
Highlight
Close
Top