McCormick Reaffirms FY24 Outlook; Expects Sales To Range (2)% To 0%, Adj EPS Of $2.80 - $2.85, Est $2.87
Portfolio Pulse from Benzinga Newsdesk
McCormick reaffirms its FY24 outlook, expecting sales to range from -2% to 0% and adjusted EPS of $2.80 to $2.85. The company anticipates improved volume trends and strong cash flow, with significant returns to shareholders through dividends.

June 27, 2024 | 10:34 am
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McCormick reaffirms its FY24 outlook, expecting sales to range from -2% to 0% and adjusted EPS of $2.80 to $2.85. The company anticipates improved volume trends and strong cash flow, with significant returns to shareholders through dividends.
McCormick's reaffirmation of its FY24 outlook provides a stable forecast for investors. The expected sales range and adjusted EPS are close to estimates, suggesting limited short-term price movement. The company's focus on improving volume trends and strong cash flow, along with significant returns to shareholders through dividends, are positive indicators but do not suggest a significant immediate impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100