McCormick had a disappointing quarter with a 3% top-line growth from the same quarter last year, just on par with expectations. The normalisation of their supply chain costs is taking longer than anticipated, which is putting pressure on gross margin and profit realisation. This is why the company failed to meet the earnings expectations of Wall Street. The management remains focused on managing inventory levels and removing inefficiencies across the supply chain. Their supply chain has also bee ....

18 Oct 2022
McCormick & Co.: Major Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (10/22)

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McCormick & Co.: Major Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (10/22)
- Published:
18 Oct 2022 -
Author:
Ishan Majumdar -
Pages:
26 -
McCormick had a disappointing quarter with a 3% top-line growth from the same quarter last year, just on par with expectations. The normalisation of their supply chain costs is taking longer than anticipated, which is putting pressure on gross margin and profit realisation. This is why the company failed to meet the earnings expectations of Wall Street. The management remains focused on managing inventory levels and removing inefficiencies across the supply chain. Their supply chain has also bee ....