MKC:CC - McCormick & Company Incorporated (MKC) Q2 2024 Earnings Call Transcript
2024-06-27 12:41:08 ET
McCormick & Company, Incorporated (MKC)
Q2 2024 Earnings Conference Call
June 27, 2024, 08:00 AM ET
Company Participants
Faten Freiha - VP, IR
Brendan Foley - President & CEO
Marcos Gabriel - SVP, Global Finance & Capital Markets
Mike Smith - EVP & CFO
Conference Call Participants
Andrew Lazar - Barclays
Peter Galbo - Bank of America
Ken Goldman - JPMorgan
Alexia Howard - Bernstein
Steve Powers - Deutsche Bank
Adam Samuelson - Goldman Sachs
Tom Palmer - Citi
Rob Dickerson - Jefferies
Presentation
Faten Freiha
Good morning. This is Faten Freiha, VP of Investor Relations. Thank you for joining today's Second Quarter Earnings Call.
To accompany this call, we've posted a set of slides on our IR website, ir.mccormick.com.
With me this morning are Brendan Foley, President and CEO; Mike Smith, Executive Vice President and CFO; and Marcos Gabriel, Senior Vice President, Global Finance and Capital Markets.
During this call, we will refer to certain non-GAAP financial measures. The nature of those non-GAAP financial measures and the related reconciliations to the GAAP results are included in this morning's press release and slides. In our comments, certain percentages are rounded. Please refer to our presentation for complete information.
Today's presentation contains projections and other forward-looking statements. Actual results could differ materially from those projected. The company undertakes no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or other factors. Please refer to our forward-looking statement on Slide 2 for more information.
I will now turn the discussion over to Brendan.
Brendan Foley
Good morning, everyone, and thank you for joining us.
We are pleased with our second quarter performance, particularly as we continue to navigate a changing and complex consumer landscape. Our differentiated results demonstrate the success of our prioritized investments to accelerate volume trends and further capitalize on the underlying growth of our categories. McCormick remains a growth company, and 2024 continues to be an important investment year. As planned, as we have activated many of our initiatives and we are starting to see results that support our confidence in delivering on our long-term objectives.
This morning, I will begin my remarks with an overview of our second quarter results focusing on the top-line drivers. Next, I will provide perspective on industry trends, highlight some areas of success as well as areas we continue to work on, and review our growth plans with a focus on innovation. Mike will then go into more depth on the second quarter financial results and review our 2024 outlook. And finally, before your questions, I will have some closing comments....
McCormick & Company, Incorporated (MKC) Q2 2024 Earnings Call Transcript