earnings
confidence high
sentiment positive
materiality 0.70
McCormick Q4 EPS $0.80, FY $2.92; adj. EPS $0.80/$2.95; 2025 adj. EPS $3.03-$3.08
MCCORMICK & CO INC
2024-FY EPS reported
$2.92
revenue$6,723,700,000
- Q4 sales +3% to $1.80B, driven by volume; Consumer segment +4%, Flavor Solutions +1%.
- FY2024 sales +1% to $6.72B; gross profit margin expanded 90 bps to 38.5%.
- Board authorized 7% dividend increase; 39th consecutive annual rise.
- FY2025 outlook: net sales growth 0-2% (organic 1-3%); adj. EPS $3.03-$3.08.
- FY2025 expects $15M special charges; tax rate 22% vs 20.5% in 2024.