secwatch.observer — SEC 8-K summary
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Issuer:     MCCORMICK & CO INC (MKC)
CIK:        0000063754
Form:       8-K
Filed at:   2022-10-06T23:59:59+00:00
Accession:  0000063754-22-000042
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

McCormick Q3 adj EPS $0.69 vs $0.80 YoY; reaffirms FY22 outlook
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- Net sales $1.60B (+3% reported, +6% constant currency); Consumer +1%, Flavor Solutions +6%.
- GAAP EPS $0.82 vs $0.79; adjusted EPS $0.69 vs $0.80; adjusted op income $239M vs $272M.
- Flavor Solutions segment op income fell 35% (CC -34%) on cost inflation and higher supply chain costs.
- FY22 outlook reaffirmed: sales comparable to +2% (CC +3-5%); adj EPS $2.63-$2.68 vs prior $3.05.
- Gross margin down 320 bps; supply chain normalization taking longer than expected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63754/000006375422000042/0000063754-22-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63754/000006375422000042/mkc-20221006.htm
  HTML page:      https://secwatch.observer/filing/0000063754-22-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer