77.95
price up icon1.06%   0.82
after-market Dopo l'orario di chiusura: 77.95
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Perché le azioni Mccormick Co Inc (MKC) sono in ribasso?

2023-10-03:

McCormick & Company (MKC) dropped by 8.46% from $74.72 to $68.40 in the trading on Tuesday October 3, 2023. The reasons why stock MKCis down today includes:

  • Worse-than-expected Q3 results: In Q3, McCormick's net sales were actually up 6% year over year to nearly $1.7 billion. However, China had greater restrictions last year than this year because of COVID-19. But sales didn't bounce back as much as expected.
  • Profitability: McCormick's Q3 operating income was up 4% from the same quarter last year. Considering net sales grew faster than operating income, inflation is clearly eating into the company's bottom line a little, which sent MKC stock down today.
packaged_foods HRL
$30.50
price up icon 0.93%
packaged_foods K
$81.02
price up icon 0.30%
packaged_foods CPB
$44.46
price up icon 1.48%
packaged_foods CAG
$27.17
price up icon 0.18%
packaged_foods PPC
$52.25
price up icon 0.08%
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