McCormick Q4 adj EPS $0.85 vs $0.73; 2024 adj EPS guided $2.80-2.85

MCCORMICK & CO INC

2023-FY EPS reported $2.52 revenue$6,662,200,000

Q4 sales +3% (CC +2%) to $1.75B; GAAP EPS $0.81 vs $0.69; adjusted EPS $0.85 vs $0.73.
FY2023 sales +5% (CC +6%) to $6.66B; GAAP EPS $2.52 flat; adjusted EPS $2.70 vs $2.53.
Record operating cash flow of $1.2B in FY2023; board authorized 8% dividend increase (38th consecutive year).
2024 outlook: sales -2% to 0% (CC -1% to +1%); adjusted EPS $2.80-$2.85 (+4-6%, CC +5-7%).
Q4 volume down 3% overall; consumer value-seeking pressure cited; management expects volume improvement through 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MCCORMICK & CO INC reported fourth quarter and fiscal year ended November 30, 2023 results: EPS Earnings per share was $0.81 compared to $0.69 in 2022.

Period: fourth quarter and fiscal year ended November 30, 2023
EPS: Earnings per share was $0.81 compared to $0.69 in 2022
Result: reported results

Exact text from the filing

On January 25, 2024 the Registrant issued a press release and held a conference call with analysts to report on the results of operations for the fourth quarter and full year for fiscal year 2023, which ended on November 30, 2023.

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MCCORMICK & CO INC filing history →

Source: SEC EDGAR

accession 0000063754-24-000024

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