McCormick (MKC) Reports Q2: Everything You Need To Know Ahead Of Earnings

Food flavoring company McCormick (NYSE:MKC) will be reporting earnings this Thursday before the bell. Here’s what you need to know.

McCormick missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $1.61 billion, flat year on year. It was a slower quarter for the company, with a miss of analysts’ EBITDA estimates and a miss of analysts’ EPS estimates.

Is McCormick a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting McCormick’s revenue to grow 1% year on year to $1.66 billion, improving from its flat revenue in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. McCormick has missed Wall Street’s revenue estimates four times over the last two years.

With McCormick being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for consumer staples stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. McCormick is up 5.1% during the same time.

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