McCormick Stock Is Still Looking Tasty
Investors have some good reasons to celebrate McCormick's (NYSE: MKC) fiscal first-quarter earnings report that covers the selling period through late February. A key concern heading into the announcement was that demand trends have been slowing in its consumer sales division as more people venture back out to restaurant dining. Inflation is also forcing the packaged food specialist to be creative about raising prices and cutting costs.
But McCormick navigated through those challenges to post quicker revenue gains compared to the previous quarter. And management is predicting that the company will still achieve its sales and earnings targets in 2022 despite inflation and supply chain challenges.
Let's dive right in.
Source Fool.com
