McCormick Says Consumers Are Forming New Home-Cooking Habits
Sales are up across the consumer packaged-foods industry as the coronavirus pandemic lifts the frequency of at-home eating. Investors have assumed that this increase will be a strong, but temporary, boost for McCormick (NYSE: MKC), which sells pantry staples like seasonings and condiments.
But in a conference call with Wall Street analysts last week, McCormick CEO Lawrence Kurzius and his team said there are good reasons to believe the trend could stick around even after consumers return to their normal habits. These factors could support the business well into 2021.
Let's look at a few highlights from that third-quarter earnings call presentation.
Source Fool.com
