McCormick stock rises 2% on Q4 revenue beat, positive retail outlook.

From StockTwits: 2025-01-24 04:16:10

McCormick & Co ($MKC) shares rose 2% after beating Q4 revenue estimates with $1.8 billion in sales, up 3% YoY. Earnings per share of $0.80 also topped analyst predictions of $0.77. CEO Brendan Foley highlighted strong performance in FY24, driven by volume-led growth. FY25 revenue growth expected to be flat to up 2%, with strategic investments in core categories driving long-term growth. McCormick’s CCI program is boosting growth investments and operating margins. Stocktwits sentiment turned ‘bullish’ from ‘neutral’, with high message volumes. McCormick distributes spices globally, with brands like French’s and Thai Kitchen. Stock down 1.94% YTD.



Read more at StockTwits: McCormick Stock Heats Up On Q4 Earnings Beat: Retail Mood Brightens