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McCormick: Spice Up Your Diversification As The Company Returns To Growth
MKCMcCormick(MKC) Seeking Alpha·2024-07-01 22:58

igoriss/iStock via Getty Images While the recent tail higher is encouraging, it does pale in comparison with much of the market's gains. Still, we like an allocation here, as demand for its seasoning and spice lines from both the consumer and commercial sources remains strong. While sales growth had stalled recently as rampant inflation and economic slowdowns more broadly weighed, earnings continue to expand, and this year it appears that earnings will be expanding nicely from 2023. We still view MKC as a l ...