11 : News Releas FOR IMMEDIATE RELEASE McCORMICK REPORTS STRONG FIRST QUARTER PERFORMANCE AND REAFFIRMS 2024 OUTLOOK HUNT VALLEY, Md., March 26, 2024 - McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the first quarter ended February 29, 2024 and reaffirmed fiscal 2024 outlook. President and CEO's Remarks Brendan M. Foley, President and CEO, stated, "We are pleased to start the year with strong first quarter performance, which reflects the early s ...

Thanks so much. Mike said on sort of this portfolio optimization, we really do see that working. So we did make a couple of intentional moves as you know. That's really, I think, allowing us to invest even more in the part of the portfolio, which we know will be the strongest. And then we did make a lot of targeted investments in '23. Andrew Lazar Operator Ken Goldman Brendan Foley Ken Goldman Mike Smith We don't have a ton of, if you think about our percentage of consumption. We're in the 90% range in term ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended November 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-14920 McCORMICK & COMPANY, INCORPORATED (Exact name of registrant as specified in its charter) | | Maryland | | 52-0408290 | | --- | ...

McCormick & Company, Incorporated (NYSE:MKC) Q3 2023 Earnings Conference Call October 3, 2023 8:00 AM ET Conference Call Participants Good morning. This is Faten Freiha, VP of Investor Relations. Thank you for joining today's Third Quarter Earnings Call. During this call, we will refer to certain non-GAAP financial measures. The nature of those non-GAAP financial measures and the related reconciliations to the GAAP results are included in this morning's press release and slides. In our comments, certain per ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-14920 McCORMICK & COMPANY, INCORPORATED (Exact name of registrant as specified in its charter) Maryland 52-0408290 (State or ot ...

Mike Smith In our Consumer segment, constant currency sales increased 7%, reflecting a 9% increase from pricing actions, partially offset by a 2% volume decline. Including in this volume decline are a net 1% increase from the recovery in China, partially offset by the Kitchen Basics divestiture and our business exit in Russia, a 1% decline from exiting DSD or Direct Store Delivery business for our Hispanic bag products in the Americas. Now moving to slide 21, selling, general and administrative expenses or ...

The following slides accompany a June 29, 2023, earnings release conference call. This information should be read in conjunction with the press release issued on that date. ADD COLA Lawrence Kurzius Chairman and Chief Executive Officer | --- | --- | |-------------------------------------------------------------------|-------| | | | | Delivered double-digit constant currency sales growth | | | Drove meaningful year-over-year margin expansion | | | Achieved GOE cost savings in line with expectations | | | | | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-14920 McCORMICK & COMPANY, INCORPORATED (Exact name of registrant as specified in its charter) Maryland 52-0408290 (State or other ...

财务数据和关键指标变化 - 公司第一季度销售增长3%,以恒定汇率计算增长5% [10] - 公司调整后营业利润与去年同期持平,以恒定汇率计算增长2% [12] - 公司调整后每股收益下降6%,主要受到利息费用上升和税率上升的影响 [12] 各条业务线数据和关键指标变化 消费者业务 - 消费者业务在美洲地区表现强劲,销售增长4% [15] - 欧洲、中东和非洲地区消费者业务销售下降2% [15] - 亚太地区消费者业务销售下降8%,受到中国疫情影响和印度低毛利业务退出的影响 [15] - 公司计划在第二季度开始推出多项新产品和营销活动,预计将推动消费者业务增长加速 [17][29][30][33][36][39][41] 调味品解决方案业务 - 调味品解决方案业务第一季度销售增长12%,各地区均表现出色 [67][44] - 销售增长主要来自于定价,体积和产品组合有所下降 [68] - 公司正在采取措施提升调味品解决方案业务的利润率,包括通过定价回收过去两年的成本上涨,以及实施全球运营效率计划 [49][50][91][92][93][94] 各个市场数据和关键指标变化 - 中国市场第一季度受疫情影响较大,但预计第二季度将出现明显改善和反弹 [124][125][126] - 公司在美国市场的核心香料产品系列进行了全面翻新,提升了包装和香味保鲜技术,预计将推动销量增长 [30][31][32][33] 公司战略和发展方向及行业竞争 - 公司持续专注于高增长品类,如休闲食品、酒精饮料和运动营养,并利用FONA收购带来的协同效应 [52][53][54] - 公司正在优化产品组合,主动退出一些低毛利业务,同时加大创新和差异化产品的投入 [205][206][207][208][209] - 公司通过产品创新、品牌营销和渠道拓展等多方面举措,持续提升产品的差异化和竞争力 [30][33][36][39][41][52][55] 管理层对经营环境和未来前景的评论 - 公司对2023年的业务前景保持信心,预计将实现强劲的销售增长和利润改善 [59][99] - 公司将继续专注于满足强劲需求、优化成本结构,并采取具体行动推动可持续增长 [59][99] - 管理层认为公司的业务模式、产品价值和执行能力,将支撑公司持续增长和创造股东价值 [57][58][60] 问答环节重要的提问和回答 问题1 **Ken Goldman 提问** 询问第一季度业绩是否超出公司内部预期,以及哪些因素推动了超预期表现 [105][106][107][108][109] **Lawrence Kurzius 和 Mike Smith 回答** 公司第一季度业绩略好于预期,主要得益于销售增长和利润改善计划的良好执行 [106][107][108][109] 问题2 **Andrew Lazar 提问** 询问公司核心香料品类与私有品牌之间的价格差异变化情况 [115][116][117][118][119] **Brendan Foley 回答** 公司核心香料品类与私有品牌的价格差正在逐步缩小,主要是由于私有品牌也在跟进涨价 [116][117][118] 问题3 **Robert Moskow 提问** 询问公司激励薪酬费用和中国业务的季度影响情况 [132][133][134][135][136][137][138][139][140][141] **Mike Smith 回答** 激励薪酬费用影响主要集中在下半年,中国业务的季度影响主要体现在第二和第四季度 [134][135][138][139][140][141]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-14920 McCORMICK & COMPANY, INCORPORATED (Exact name of registrant as specified in its charter) Maryland 52-0408290 (State or ...