McCormick's Consumer Business Continues to Outperform
Spice and condiments giant McCormick (NYSE: MKC) is coasting on a financial framework its management team probably couldn't have envisioned this time last year. Its consumer-facing business is expanding at a higher than normal double-digit clip, while its formerly stable institutional flavorings segment is experiencing a revenue decline.
The consumer goods behemoth released fiscal third-quarter 2020 results Tuesday morning, and in addition to reporting continued overall progress in an unusual year, management announced an impending stock split and reinstated its earnings guidance. Below, let's dive into details of the quarter, and look ahead to McCormick's prospects as it closes out its fiscal year over the next three months.
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Source Fool.com
