MKC

In late June 2026, McCormick & Company reported second-quarter sales of US$1,936.6 million with lower quarterly earnings per share, completed a long-running US$800.94 million buyback program, affirmed its US$0.48 quarterly dividend, and was shifted from Russell 1000 Defensive and Value-Defensive indexes into the Russell 1000 Dynamic Index. This combination of changing index classifications and mixed earnings, higher sales but softer quarterly profitability, highlights how investors may be reassessing McCormick’s profile between stability and growth. Now we’ll explore how McCormick’s move into the Russell 1000 Dynamic Index reframes its investment narrative in light of these results. Uncover the next big thing with 20 elite penny stocks that balance risk and reward. To own McCormick, you have to believe in long term, global demand for flavor across both home cooking and foodservice, supported by strong brands and broad distribution. In the near term, the key catalyst is how effectively McCormick converts recent sales growth into sustainable profitability, while the biggest risk remains margin pressure from costs and customer mix. The latest quarter’s higher sales but lower EPS, and the shift into the Russell 1000 Dynamic Index, do not fundamentally change that picture. Among the recent announcements, the second quarter 2026 results are most relevant here. Sales rose to US$1,936.6 million from US$1,659.5 million a year earlier, but diluted EPS from continuing operations slipped to US$0.56 from US$0.65. Against a backdrop of evolving index classification, these numbers keep the focus squarely on execution in defending margins and stabilizing earnings, which ties directly into how investors think about McCormick’s risk and reward over the next few years. Yet behind the appeal of a global flavor leader, investors should pay close attention to how sustained cost pressures could... Read the full narrative on McCormick (it's free!) McCormick's narrative projects $8.7 billion revenue and $720.3 million earnings by 2029. This requires 7.1% yearly revenue growth and an earnings decrease of about $879.7 million from $1.6 billion today. Uncover how McCormick's forecasts yield a $61.23 fair value, a 18% upside to its current price. Some of the lowest analysts were already assuming earnings could fall to about US$842 million by 2029 and margins compress sharply, so this mi...

General Mills, Inc. (NYSE:GIS) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday’s market rotation. Cramer highlighted the stock’s rally during the episode, as he said: A stock market data. Photo by AlphaTradeZone on Pexels General Mills, Inc. (NYSE:GIS) provides branded foods, including cereals, snacks, meals, baking products, frozen items, ice cream, and pet food. Cramer called it one of the most “reliable stocks” during the May 11 episode, as he remarked: While we acknowledge the potential of GIS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.

McCormick & Company, Incorporated (NYSE:MKC) will trade ex-dividend on July 6, putting it among the 10 Best July Dividend Stocks to Buy. On June 26, TD Cowen lowered its price recommendation on McCormick & Company, Incorporated (NYSE:MKC) to $60 from $64. It reiterated a Buy rating on the shares. Analyst Robert Moskow updated the firm’s model following the company’s second-quarter results. Management maintained its full-year guidance and said Americas Consumer volume is expected to return to positive growth in the fourth quarter as a result of its marketing initiatives. Also on June 26, Bernstein lowered its price goal on McCormick to $68 from $77. It kept an Outperform rating on the stock. Analyst Alexia Howard said in a research note that while the recovery in the Flavor Solutions business could support performance for some time, the Consumer segment has been “underwhelming.” McCormick & Company, Incorporated (NYSE:MKC) manufactures, markets, and distributes herbs, spices, seasonings, condiments, and flavors to the food and beverage industry, serving retailers, food manufacturers, and foodservice businesses. While we acknowledge the potential of MKC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Dividend Stocks with 10%+ Yield and Billionaire Steven Cohen’s Top 11 Dividend Stock Picks Disclosure: None. Follow Insider Monkey on Google News.

BlackBerry Limited BB reported first-quarter fiscal 2027 non-GAAP earnings per share (EPS) of 4 cents. The figure beat the company’s estimate of 2-3 cents. In the year-ago quarter, it reported a non-GAAP EPS of 2 cents. The Zacks Consensus Estimate was pegged at 3 cents per share. BlackBerry generated $152.9 million in fiscal first-quarter revenue, representing 26% year-over-year growth. During the quarter, BlackBerry delivered strong execution across both QNX and Secure Communications, with each achieving Rule of 40 performance through a combination of solid growth and profitability. QNX continues to gain traction for software-defined vehicles, robotics, industrial automation and physical AI, while Secure Comm remains a dependable source of high-margin revenue backed by government and defense customers. After a strong start to fiscal 2027, BB raised its full-year QNX revenue guidance to $295–$312 million and adjusted EBITDA view to $74–$86 million. Secure Comm continues to be a stable and growing business. The company reaffirmed its full-year revenue guidance of $270–$280 million, representing 4–8% growth. For Licensing, it raised its guidance to approximately $29 million in revenue and $25 million in adjusted EBITDA. Fueled by improved outlook for QNX and Licensing, BlackBerry raised fiscal 2027 guidance to $594–$621 million in revenue and $119–$139 million in adjusted EBITDA. Earlier, it expected revenue to grow 6–11% to $584–$611 million, with adjusted EBITDA of $110–$130 million. The 90%flow-through of incremental revenue to adjusted EBITDA highlights the strong operating leverage of BlackBerry's business model. Non-GAAP EPS is now estimated at 16-20 cents, up from the prior expected 15–19 cents. Stronger cash conversion is expected to drive full-year operating cash flow to about $100 million, nearly double. Image Source: Zacks Investment Research Following stronger-than-expected momentum and bolstered guidance, BB’s shares rose 20% in trading and closed at $10.34 yesterday. The stock has gained 119% over the past year, outperforming the Zacks Internet-Software industry’s fall of 25%. Revenue from the QNX business rose 26% to $72.3 million, exceeding the upper end of guidance ($60-$64 million). QNX's strong results were driven by software-defined vehicles and centralized computing, record development license revenue (the highest in eight quarters) and g...

McCormick & Company, Incorporated MKC used its second-quarter call to make a clear case that Flavor Solutions is carrying the business, while management works to restore better volume trends in U.S. consumer spices. Management reaffirmed its 2026 outlook, but much of the investor focus shifted to how quickly the company can fix pressure in the Americas consumer business and sustain the stronger industrial and foodservice backdrop. Chairman, president and CEO Brendan Foley said the quarter’s most important feature was the acceleration in Flavor Solutions, where growth broadened across Flavors and Branded Foodservice customers. That strength more than offset softer consumer trends in the Americas. Flavor Solutions' organic sales rose 3% in the quarter, with gains split nearly evenly between price and volume. In the Americas, the segment posted 4% organic growth, helped by large CPG customers, private label, high-growth innovators and stronger branded foodservice demand. Foley also pointed to reformulation activity, beverage innovation and health-and-wellness projects as key demand drivers. In Q&A, he said those projects are commercializing faster than initially expected, which adds support to the second-half outlook for the segment. The softer spot remained Global Consumer, especially U.S. spices and seasonings. Foley said shifting demand patterns, wider price gaps and heavier competitive promotion hurt consumption in certain segments, even as the broader category still grew. Management’s response is familiar but more targeted this time. Foley said McCormick is refining revenue growth management, adjusting price-pack architecture, expanding distribution and increasing value-focused marketing to improve trends by the third quarter and return to volume growth in the fourth. That issue surfaced repeatedly in analyst questions. Barclays, BofA and TD Cowen all pressed management on whether the company can restore sustainable volume momentum. Foley’s answer was consistent: the playbook is similar to the one used two years ago, but execution is faster, more digital and aimed at narrower pockets of weakness. The second quarter still showed strong financial leverage. Adjusted EPS came in at $0.80, which beat the Zacks Consensus Estimate of $0.69 by 15.9%. Revenues of $1.94 billion topped the Zacks Consensus Estimate of $1.90 billion by 2%. Gross margin expanded 270 bas...

For the quarter ended May 2026, McCormick (MKC) reported revenue of $1.94 billion, up 16.7% over the same period last year. EPS came in at $0.80, compared to $0.69 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.9 billion, representing a surprise of +1.99%. The company delivered an EPS surprise of +15.29%, with the consensus EPS estimate being $0.69. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how McCormick performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales- Flavor Solutions: $794 million versus the two-analyst average estimate of $771.11 million. The reported number represents a year-over-year change of +8.9%. Net Sales- Consumer: $1.14 billion compared to the $1.13 billion average estimate based on two analysts. The reported number represents a change of +22.8% year over year. Operating income, excluding special charges- Flavor Solutions: $120 million compared to the $101.86 million average estimate based on two analysts. Operating income, excluding special charges- Consumer: $217 million versus the two-analyst average estimate of $194.66 million. View all Key Company Metrics for McCormick here>>> Shares of McCormick have returned +0.1% over the past month versus the Zacks S&P 500 composite's -1.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report McCormick & Company, Incorporated (MKC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

McCormick & Company Inc (NYSE:MKC) shares climbed more than 5% after the spice and seasoning maker reported fiscal second quarter 2026 results that exceeded Wall Street expectations and reaffirmed its full-year guidance. The company posted adjusted earnings of $0.80 per share for the quarter ended May 31, ahead of analyst estimates of $0.70 per share. Revenue totaled $1.94 billion, surpassing consensus expectations of approximately $1.9 billion. Net sales increased 16.7% year-over-year, benefiting from a 2.7% favorable currency impact and contributions from the McCormick de Mexico acquisition. Organic sales rose 1.7%. Adjusted operating income climbed 30.1% to $336 million, while operating income increased to $276 million from $246 million a year earlier. Gross profit margin expanded by 270 basis points to 40.2%. McCormick said it benefited from pricing actions, cost savings initiatives and contributions from McCormick de Mexico, though these gains were partly offset by higher commodity costs and expenses related to the conflict in the Middle East. Consumer segment sales rose 22.8% to $1.14 billion, including a 20% contribution from McCormick de Mexico, while Flavor Solutions sales increased 8.9% to $794 million. Organic sales in the Flavor Solutions business advanced 2.9%, supported by gains in both pricing and volume. The company also noted progress in planning for its proposed combination with Unilever Foods, which it said is expected to provide strategic and financial benefits, including earnings accretion. McCormick reaffirmed its fiscal 2026 outlook, projecting reported net sales growth of 13% to 17% and adjusted earnings per share of $3.05 to $3.13. The company expects organic sales growth of 1% to 3% and adjusted operating income growth of 16% to 20%. McCormick CEO Brendan Foley said the company continued to see momentum in its Flavor Solutions business and plans to increase investments aimed at improving consumer volume trends during the remainder of the year. "Our fundamentals remain strong, supported by our advantaged categories and disciplined execution, giving us confidence in our ability to deliver on our 2026 outlook."

US equity markets were pointing higher before the opening bell Thursday as traders parse Micron Tech

Spice maker McCormick is getting back around $31 million in tariff refunds—and executives say the money is mostly going right back out again, to cover rising costs stemming from the Iran war. The company said it has been refunded $28 million and expects another $3 million.

McCormick (MKC) came out with quarterly earnings of $0.8 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +15.29%. A quarter ago, it was expected that this spices and seasonings company would post earnings of $0.61 per share when it actually produced earnings of $0.66, delivering a surprise of +8.2%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. McCormick, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $1.94 billion for the quarter ended May 2026, surpassing the Zacks Consensus Estimate by 1.99%. This compares to year-ago revenues of $1.66 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. McCormick shares have lost about 30.1% since the beginning of the year versus the S&P 500's gain of 7.5%. While McCormick has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for McCormick was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong B...

McCormick & Company, Incorporated MKC reported second-quarter fiscal 2026 results, wherein both top and bottom lines beat the Zacks Consensus Estimate and increased year over year.Adjusted earnings rose 15.9% to 80 cents per share from 69 cents in the year-ago quarter. The metric beats the Zacks Consensus Estimate of 69 cents per share. The increase was driven by elevated adjusted operating income and a reduced adjusted effective tax rate, partially offset by weaker unconsolidated income and increased interest expense.The global flavor leader generated net sales of $1,936.6 million, up 16.7% year over year, including a 2.7% positive currency impact and a 12% contribution from McCormick de Mexico. The top line beats the consensus mark of $1,899 million. Organic sales edged up 1.7%. McCormick & Company, Incorporated price-consensus-eps-surprise-chart | McCormick & Company, Incorporated Quote The gross margin expanded 270 basis points, driven by contributions from the McCormick de Mexico acquisition, the IEEPA tariff refund, pricing actions and productivity savings generated through the company's Comprehensive Continuous Improvement (“CCI”) program. These benefits were partially offset by higher commodity costs and costs associated with the Middle East conflict.Adjusted operating income increased to $336 million from $259 million, reflecting a 30% year-over-year rise, including a 3% favorable currency impact. On a constant currency basis, adjusted operating income grew 27%, supported by elevated gross profit and CCI-driven cost savings, including SG&A efficiencies. These gains were partially offset by higher SG&A expenses, primarily due to acquisition-related costs, elevated brand marketing investments and technology spending. Consumer: The segment’s sales surged 23% year over year to $1,143 million, supported by a 20% contribution from McCormick de Mexico and a 2% positive currency impact. Organic sales rose 1%, as a 3% increase in pricing more than offset a 2% decline in volume and mix. Adjusted operating income rose 33% year over year to $217 million or 31% in constant currency, driven by elevated gross profit, partially offset by higher SG&A investments in marketing and technology.Flavor Solutions: Sales grew 9% year over year to $794 million, including a 3% favorable currency impact and a 3% contribution from McCormick de Mexico. Organic sales in the segme...

McCormick (MKC) reported fiscal second-quarter results above Wall Street's estimates on Thursday, wh