The spicings, flavorings, and condiments niche has been a good one for McCormick (NYSE: MKC) lately. While other sectors of consumer packaged foods are struggling with flat growth and falling profitability, the spice giant has avoided both of those negative trends.
Its fiscal third-quarter results contained more positive news on both fronts, although sales gains slowed to the point that management was forced to reduce its 2019 revenue outlook. In a presentation to investors, CEO Lawrence Kurzius broke down the biggest trends affecting revenue and why the company still sees profitability rising yet again this year. Here are four highlights from that investor slide show.
Image source: McCormick.