McCormick Reports Strong 2020 Financial Results And Provides Outlook For 2021

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Go back to McCormick Reports Strong 2020 Financial Results And Provides Outlook For 2021

McCormick & Co. (MKC) Misses Q4 EPS by 2c, Offers FY Guidance

January 28, 2021 6:32 AM EST

McCormick & Co. (NYSE: MKC) reported Q4 EPS of $0.79, $0.02 worse than the analyst estimate of $0.81. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.56 billion.

GUIDANCE:

McCormick & Co. sees FY2021 EPS of $2.91-$2.96, versus the consensus of $2.96.

McCormick is capitalizing on the sustained shift to cooking more at home and the growing consumer interests in clean and flavorful eating, increased digital engagement, trusted brands and purpose-minded practices. These long-term trends have accelerated during the COVID-19 pandemic and are expected to persist beyond the... More