McCormick's Earnings Call: 3 Takeaways
McCormick's (NYSE: MKC) growth rate is heating up. The packaged foods specialist last week upgraded its sales outlook for a second straight quarter thanks in part to booming demand for its Cholula and Frank's Red Hot sauces.
Home cooking trends aren't retreating after the pandemic put a new premium on spices and flavorings. Yet in a conference call with Wall Street analysts, CEO Lawrence Kurzius and his team also described some mounting cost and supply chain challenges for late 2021 and into 2022. Let's look at the biggest takeaways from that presentation.
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Source Fool.com
