Published on 26 Nov 2021 on Zacks via Yahoo Finance
McCormick & Company, Incorporated MKC is gaining from lucrative acquisitions and cost-saving efforts. Also, a shift in consumer demand to at-home consumption compared with the pre-pandemic levels favors the company. It is anticipating a gradual recovery in demand from restaurants and other foodservice customers.In the last earnings call, management updated the fiscal 2021 sales view upward. The company now expects to achieve sales growth of 12-13% (or up 9-10% at constant currency) year over year. Earlier, management had expected to achieve a sales increase of 11-13% (or up 8-10% at cc).
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