Not Backing Away From McCormick
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McCormick & Company reported a 2.7% increase in Q4 sales, driven by strong demand, despite challenges in the Asia-Pacific market. Gross profit margin improved, but adjusted operating income and EPS declined. The company projects minimal sales growth and modest EPS growth for 2025, but remains attractive for long-term dividend growth.
January 23, 2025 | 4:45 pm
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NEUTRAL IMPACT
McCormick & Company reported a 2.7% increase in Q4 sales, but faced a decline in adjusted operating income and EPS. The company projects minimal sales growth and modest EPS growth for 2025, but remains attractive for long-term dividend growth.
The increase in sales and improved gross profit margin are positive, but the decline in adjusted operating income and EPS, along with minimal projected sales growth, balance the short-term outlook. The company's long-term dividend growth potential remains a key attraction for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100