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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.
McCormick & Company (NYSE: MKC) is set to host a conference call to discuss its third quarter fiscal 2020 results on September 29, 2020, at 8:00 a.m. Eastern time. The call will be led by Chairman, President & CEO Lawrence Kurzius, CFO Mike Smith, and VP of Investor Relations Kasey Jenkins. Live access will be available on ir.mccormick.com, with an audio replay option until October 20, 2020. McCormick, headquartered in Hunt Valley, Maryland, reported over $5 billion in annual sales globally.
McCormick & Company (NYSE: MKC) will participate in a fireside chat at the Barclays Global Consumer Staples Conference on September 8, 2020, at 4:00 p.m. ET. The chat will feature Lawrence Kurzius, Chairman, President & CEO, and Mike Smith, Executive Vice President & CFO. The event can be accessed live via McCormick's website. An archived version will also be available post-event. McCormick is a global leader in flavor, generating over $5 billion in annual sales across 150 countries.
McCormick (MKC) reported strong financial results for Q2 2020, with an 8% sales rise year-over-year. Adjusted earnings per share (EPS) increased 27% to $1.47, while operating income grew 21% to $260 million. The consumer segment surged 26% due to increased home cooking amid the COVID-19 pandemic, although flavor solutions sales declined by 18% due to decreased demand from foodservice customers. McCormick remains committed to long-term goals and plans to navigate ongoing market uncertainties while maintaining cash flow strength.
McCormick & Company (NYSE: MKC) announced a quarterly dividend of $0.62 per share, payable on July 20, 2020, to shareholders recorded by July 6, 2020. This reflects a 9% increase from the previous annual dividend of $2.28 per share. McCormick has a strong history of consistent dividends, marking its 96th year of consecutive payments. The company reported $5.3 billion in annual sales, specializing in spices, seasoning mixes, and condiments.