Why McCormick Just Lowered This Key Outlook Metric
The demand for spices and flavorings has never been higher, both with consumers and at restaurant chains. McCormick's (NYSE: MKC) dominant market position is helping it benefit from that positive trend.
But growth has become harder to find, and less predictable, in this phase of the pandemic. And McCormick is struggling to raise prices quickly enough to offset soaring costs.
These factors helped convince the management team to dramatically reduce its 2022 earnings outlook, even as it projected continued strong sales growth ahead.
Source Fool.com
