Trade McCormick - MKC CFD

McCormick & Co Company profile

About McCormick & Company, Incorporated

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the entire food industry retailers, food manufacturers and foodservice businesses. The Company operates through two business segments: Consumer and Flavor Solutions. In Consumer segment, it sells its products under the McCormick brand and a variety of brands around the world, including French's, Frank's RedHot, Lawry’s, Zatarain’s, Simply Asia, Thai Kitchen, Ducros, Vahine, Cholula, Schwartz, Club House, Kamis, DaQiao, Drogheria & Alimentari, Stubb's, OLD BAY and Gourmet Garden. In Flavor Solutions segment, the Company provides a range of products to multinational food manufacturers and foodservice customers. Its sales, distribution and production facilities are located in North America, Europe and China, and additional facilities are based in Australia, Central America, Thailand and South Africa.

Financial summary

BRIEF: For the fiscal year ended 30 November 2021, McCormick & Company, Incorporated revenues increased 13% to $6.32B. Net income increased 1% to $755.3M. Revenues reflect Flavor Solutions segment increase of 19% to $2.38B, Consumer segment increase of 9% to $3.94B, United States segment increase of 11% to $3.82B, Others Countriess segment increase of 18% to $1.31B, EMEA segment increase of 14% to $1.19B.

Equity composition

Common (N-Vtng) no Par, 02/11, 320M auth., 119,985,315 issd. Insiders own 0.62%. PO 4/77, 810K shs @ $16.25 by Alex. Brown. Common (vtg) no Par, 02/11, 320M auth., 12,511,283 issd. Insiders own 39.25%. 4/02 (on both classes), 1/92, 1/90, 2-for-1 stock splits. *FY'93 Q fncls. restated.