McCormick Quarterly Results Better Than Feared, JPMorgan Says
McCormick & Co. (MKC) reported F3Q results that exceeded expectations, according to a research note from JPMorgan. Analysts Thomas Palmer and Brandon Cohen highlighted the spice maker's higher-than-anticipated adjusted earnings and notable gross margin strength amid challenging input cost environments.
McCormick's F3Q results were better than many feared, JPMorgan said in a research note. The spice maker posted higher-than-anticipated adjusted earnings, and analysts Thomas Palmer and Brandon Cohen said the company's gross margin strength stood out given the challenging input cost environment. "If…"