Is McCormick Stock a Buy?
McCormick's (NYSE: MKC) business is on the rebound. The spice and flavorings giant said in late March that sales growth accelerated as compared to the prior quarter. Profitability trends improved, too, despite added stress on the business from inflation and rising costs.
The company still faces challenges that might pressure shareholders' returns for 2023 and beyond. With that big picture in mind, let's look at whether McCormick stock is a buy right now.
The Q1 earnings update contained plenty of good news for shareholders. Organic sales growth trends improved to a 5% increase from a 2% uptick in the prior quarter. Sure, that result was well below the growth that PepsiCo is seeing today. The beverage and snack food giant is growing at a double-digit pace right now, mainly thanks to rising prices.
Source Fool.com
