McCormick Raises FY24 EPS Outlook To $2.85-$2.90 Vs. $2.86 Estimate (Prior View: $2.80-$2.85); Expects Sales To Range Between (1)% To 1%
Portfolio Pulse from Nabaparna Bhattacharya
McCormick has raised its FY24 EPS outlook to $2.85-$2.90, up from the previous range of $2.80-$2.85, and expects sales to range between a decrease of 1% to an increase of 1%.
October 01, 2024 | 10:39 am
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McCormick has increased its FY24 EPS guidance to $2.85-$2.90, surpassing the previous estimate of $2.86. The company anticipates sales to fluctuate between a 1% decrease and a 1% increase.
The upward revision of McCormick's EPS outlook suggests improved profitability, which is likely to positively impact the stock price. The sales forecast, although showing potential for a slight decline, is balanced by the possibility of growth, indicating stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100