2024-01-23 03:37:00 ET
Summary
- McCormick & Company, the owner of trademarks such as Frank’s RedHot, is set to report its Q4 results on Thursday before the market opens.
- The company’s top and bottom lines could benefit from continued stickiness in relevant CPI categories.
- Improvement in the Asia Pacific region, China specifically, could also shape the narrative on the quarterly results.
- With shares significantly lagging ahead of the release, I am bullish on MKC’s medium to long-term prospects.
Global spice and seasoning manufacturer, McCormick & Company ( MKC ) is set to report its Q4 results in the pre-market session on Thursday. Heading in, shares have been off to a tough start, with the stock down about 6% in the last month....
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McCormick Q4 Earnings Preview: Favorable Ingredients For A Rebound (Rating Upgrade)