The Company Reaffirmed its 2024 Guidance and Provided Expectations for 2028

HUNT VALLEY, Md., Oct. 23, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, yesterday held an Investor Day at the company's Global Headquarters in Hunt Valley, Maryland. Brendan M. Foley, President and CEO, along with members of McCormick's leadership team shared plans to drive sustainable growth by leveraging its competitive advantages and successfully executing on its proven strategies.  

HUNT VALLEY, Md., Oct. 17, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will host an Investor Day on Tuesday, October 22, 2024, at McCormick's Global Headquarters in Hunt Valley, Maryland. Brendan Foley, President and CEO, along with members of McCormick's leadership team will discuss the Company's long-term strategy and financial outlook.

Attendance in person is by invitation only. Presentations are expected to begin at 8:30 a.m. ET and conclude by 11:30 a.m. ET. The event will be webcast and can be accessed on the Company's Investor Relations website at ir.mccormick.com. A replay of the webcast and presentation materials will be available on the same website following the event.

HUNT VALLEY, Md., Oct. 1, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2024 and reaffirmed fiscal 2024 outlook for sales and operating profit.

Sales in the third quarter were comparable to the year-ago period, reflecting volume growth of 1%, partially offset by price. Operating income was $287 million in the third quarter compared to $245 million in the year-ago period. Adjusted operating income was $288 million compared to $251 million in the year-ago period. Earnings per share was $0.83 in the third quarter as compared to $0.63 in the year-ago period. Adjusted earnings per share was $0.83 compared to $0.65 in the year-ago period.For fiscal year 2024, McCormick reaffirmed its sales and operating profit growth outlook, reflecting minimal impact from currency. In addition, the Company increased its earnings per share outlook. The Company plans to host its Investor Day on October 22, 2024 in Hunt Valley, Maryland.

HUNT VALLEY, Md., Sept. 24, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.42 per share on its common stocks, payable October 21, 2024 to shareholders of record October 7, 2024.

This is the 100th year of consecutive dividend payments by the Company.

About McCormick McCormick & Company, Incorporated is a global leader in flavor. With over $6.5 billion in annual sales across 150 countries and territories, we manufacture, market, and distribute herbs, spices, seasonings, condiments and flavors to the entire food and beverage industry including retailers, food manufacturers and foodservice businesses. Our most popular brands with trademark registrations include McCormick, French's, Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane, Gourmet Garden, FONA and Giotti. The breadth and reach of our portfolio uniquely position us to capitalize on the consumer demand for flavor in every sip and bite, through our products and our customers' products. We operate in two segments, Consumer and Flavor Solutions, which complement each other and reinforce our differentiation. The scale, insights, and technology that we leverage from both segments are meaningful in driving sustainable growth.

HUNT VALLEY, Md., Aug. 29, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its third quarter 2024 financial results on Tuesday, October 1, 2024, at 8:00 a.m. Eastern Time. Brendan Foley, President & CEO; Mike Smith, Executive Vice President & CFO; Marcos Gabriel, Senior Vice President Global Finance & Capital Markets and Incoming CFO; and Faten Freiha, Vice President of Investor Relations will be hosting the call. A live audio webcast of the call along with the accompanying presentation materials will be available on the McCormick website ir.mccormick.com.

HUNT VALLEY, Md., Aug. 15, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be participating in the Barclays Global Consumer Staples Conference at 1:30 p.m. ET, on Tuesday September 3, 2024. Representing McCormick will be Brendan Foley, President & CEO; Mike Smith, Executive Vice President & CFO; and Marcos Gabriel, Senior Vice President Global Finance & Capital Markets and Incoming CFO. A live audio webcast of the session will be available via the McCormick website ir.mccormick.com. A replay will be available following the event through the same website.

HUNT VALLEY, Md., June 27, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2024 and reaffirmed fiscal 2024 outlook.

Sales declined 1% in the second quarter from the year-ago period. In constant currency, sales also declined 1%. These comparisons reflect volume growth in Consumer, offset by volume declines in Flavor Solutions.Operating income was $234 million in the second quarter compared to $222 million in the year-ago period. Adjusted operating income was $236 million compared to $235 million in the year-ago period. Earnings per share was $0.68 in the second quarter as compared to $0.56 in the year-ago period. Adjusted earnings per share was $0.69 compared to $0.60 in the year-ago period.For fiscal year 2024, McCormick reaffirmed its sales, operating profit, and adjusted earnings per share outlook.

HUNT VALLEY, Md., June 26, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced the promotion of Marcos Gabriel to Executive Vice President and Chief Financial Officer (CFO), effective December 1, 2024.  On that date, Mike Smith will continue with the company as Executive Vice President until his retirement on February 28, 2025.  Mr. Smith has served as Executive Vice President and CFO since 2016. 

HUNT VALLEY, Md., June 25, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.42 per share on its common stocks, payable July 22, 2024 to shareholders of record July 8, 2024.

This is the 100th year of consecutive dividend payments by the Company.

About McCormick McCormick & Company, Incorporated is a global leader in flavor. With over $6.5 billion in annual sales across 150 countries and territories, we manufacture, market, and distribute herbs, spices, seasonings, condiments and flavors to the entire food and beverage industry including retailers, food manufacturers and foodservice businesses. Our most popular brands with trademark registrations include McCormick, French's, Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane, Gourmet Garden, FONA and Giotti. The breadth and reach of our portfolio uniquely position us to capitalize on the consumer demand for flavor in every sip and bite, through our products and our customers' products. We operate in two segments, Consumer and Flavor Solutions, which complement each other and reinforce our differentiation. The scale, insights, and technology that we leverage from both segments are meaningful in driving sustainable growth.

HUNT VALLEY, Md., June 5, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today released its 2023 Purpose-led Performance (PLP) Progress Report, which provides an update on the Company's progress towards its sustainability commitments, goals, and the initiatives that support them. McCormick remains committed to delivering strong financial performance while doing what's right for People, Communities, and the Planet.

"I am incredibly proud of the positive impact we have created across our communities as we make progress towards our PLP goals and continue focusing on delivering shareholder value. McCormick employees are driving our achievements, and I am grateful for their efforts as we pursue our goals in a balanced, transparent, and sustainable way," said Brendan M. Foley, President and Chief Executive Officer. "Our PLP approach is embedded in our values and strategies because it strengthens our business fundamentals and financial performance. From responsibly sourcing our iconic ingredients to ensuring our workforce represents all consumers, our actions are consistently focused on what fuels McCormick's future. I look forward to continuing our journey with all our stakeholders, internally and externally, to create a more sustainable and resilient future."