Spice and flavor giant McCormick & Co.’s stock tumbled double-digits yesterday despite beating analyst expectations during its third quarter and laying out a solid multi-prong plan to drive volume and engage consumers going forward as investors became...
Through a combination of price hikes, cost-cutting and a multi-prong strategy to regain shelf space lost during the pandemic, flavor and spice giant McCormick & Co is clawing back its gross margins ahead of expectations after they took a hit last...
After disappointing fourth-quarter numbers and announcing plans to “streamline its workforce,” McCormick & Co. outlined a three-pronged approach to tackle the challenges it has faced in recent years and assure investors and customers its “strategic...
Spice and ingredient giant McCormick & Co. is “streamlining” its workforce through layoffs and voluntary retirements as part of an initiative to cut costs by $75m in 2023 and $125m annually following a disappointing fourth quarter that missed expectations...
Dragged down by higher-than-expected cost inflation, supply chain challenges and unanticipated, stringent COVID-related restrictions in China, McCormick missed its sales and earnings targets in its second quarter – forcing the spice maker to slash its...
While flavor and spice giant McCormick & Company plans to raise prices again in the coming quarters to offset inflation and broad-based supply chain issues, executives warn their benefit to the company’s bottom line will be delayed – temporarily squeezing...
Spice maker McCormick & Co.’s shares fell 3.2% yesterday despite beating third-quarter profit estimates and posting a “remarkable” 8% sales increase in the period over strong results for the same time last year when pantry-stocking caused consumer...