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McCormick & Company, Incorporated reports developments in its global flavor business, which manufactures, markets and distributes herbs, spices, seasonings, condiments and flavors for retailers, food manufacturers and foodservice customers. Its portfolio includes brands such as McCormick, French's, Frank's RedHot, OLD BAY, Zatarain's, Cholula, Lawry's, Stubb's and Thai Kitchen, with operations organized around Consumer and Flavor Solutions.
Recurring McCormick news includes quarterly and annual operating results, sales and margin commentary, outlook updates, dividend declarations, analyst and investor presentations, brand investment, innovation, distribution activity, portfolio review and capital-structure matters.
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McCormick & Company (NYSE: MKC) will host a conference call on January 27, 2022, at 8:00 a.m. ET, to discuss its fourth quarter fiscal 2021 results. Participants will include Chairman and CEO Lawrence Kurzius, CFO Mike Smith, and SVP Kasey Jenkins. The call can be accessed via ir.mccormick.com and will be archived post-event. McCormick, a leader in flavor, boasts over $5 billion in annual sales across 160 countries, known for brands such as McCormick, French's, and Frank's RedHot.
McCormick & Company (NYSE: MKC) has announced a quarterly dividend increase from $0.34 to $0.37 per share, effective January 10, 2022. This marks the company's 36th consecutive year of dividend increases, and the dividend amount is now double what was paid in 2014. The record date for this dividend is December 31, 2021. McCormick has a long history of paying dividends, having done so since 1925, showcasing its commitment to returning value to shareholders.
McCormick & Company, Inc. (NYSE:MKC) has been awarded the inaugural 2021 Terra Carta Seal, recognizing its commitment to sustainable markets. This seal was launched by His Royal Highness, the Prince of Wales, as part of the Sustainable Markets Initiative. McCormick is one of only 44 global firms to receive this honor. The company is acknowledged for its leadership in promoting sustainability and aims for net zero emissions by 2050. Additionally, McCormick ranked sixth in the Global 100 Sustainability Index and was named a United Nations Global Compact Lead Company.
McCormick reported an 8% sales increase for Q3 2021, totaling $921.9 million, supported by acquisitions like Cholula and FONA. Earnings per share rose to $0.79, up from $0.76 the previous year, while adjusted earnings increased by 5% to $0.80. Despite growth, operating income declined to $265 million due to inflation and other cost pressures. For the fiscal year, McCormick revised its sales forecast to 12%-13% growth, reflecting ongoing shifts in consumer behavior and continued pricing strategies to manage inflationary impacts.
McCormick & Company (NYSE: MKC) announced a quarterly dividend of $0.34 per share, payable on October 26, 2021, to shareholders of record on October 12, 2021. This reflects a 10% increase from the previous annual dividend of $1.24 paid in fiscal year 2020, resulting in a current annualized dividend rate of $1.36. This marks McCormick's 97th consecutive year of dividend payments, underpinning its commitment to returning value to shareholders.
On September 20, 2021, McCormick & Company (NYSE: MKC) was recognized as a Global Compact LEAD company by the United Nations for its strong commitment to sustainability and responsible business practices. As the only U.S. food producer acknowledged in this elite group, McCormick aims to reduce its environmental impact through clean revenue initiatives, renewable energy adoption, and 100% circular packaging. The company actively participates in UN Global Compact Action Platforms focused on climate ambition and decent work, reinforcing its leadership in sustainable practices.
McCormick & Company, Incorporated (NYSE: MKC) will hold a conference call to present its third quarter 2021 financial results on September 30, 2021, at 8:00 a.m. Eastern time. The call will be hosted by Chairman & CEO Lawrence Kurzius, CFO Mike Smith, and VP of Investor Relations Kasey Jenkins. Listeners can access the call live at ir.mccormick.com. An audio replay will be available until October 21, 2021, by calling 877-660-6853 (US) or 201-612-7415 (international). McCormick is a leader in flavors with over $5 billion in annual sales.
McCormick & Company (NYSE: MKC) will engage in a fireside chat at the Barclays Global Consumer Staples Conference on September 8, 2021, at 2:00 p.m. ET. The discussion will feature Lawrence Kurzius, Chairman, President & CEO, and Mike Smith, Executive Vice President & CFO. The session can be accessed live via McCormick's investor relations website and will be archived for future listening. McCormick, a global leader in flavor with over $5 billion in annual sales, produces a wide array of spices and condiments.
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