McCormick & Co Inc Ordinary Shares (Non Voting)
MKC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| %!k | LOCK|BLw | LOCK|y>rfV<N |
McCormick Earnings: Cost Angst Intensifies, but It's Equipped to Blunt the Margin Hit
McCormick served up 1.8% organic sales growth in its fiscal third quarter, buoyed by 1.2% higher volumes and favorable mix. However, the adjusted gross margin declined 120 basis points, as the combination of higher commodity costs and incremental tariffs offset the firm's cost-saving endeavors.
