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Tag Archives: McCormick & Co. Inc.

US consumer business leads McCormick to strong 2nd quarter

McCormick's World of Flavors store in the Light Street Pavilion at Baltimore Harborplace.
(The Daily Record/Maximilian Franz)

In a second quarter that included an unusually public attempt to acquire a major British food company, McCormick and Company Inc. narrowly beat investor expectations and reported increased sales both in its consumer and industrial segments. The company grew sales ...

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Citi upgrades McCormick ahead of earnings call

A shopper reaches toward a display of McCormick spices and flavorings. (Tim Fadek/Bloomberg News.)

After a year and half of telling people to sell McCormick & Co. stock, Citigroup is telling shareholders to hold steady. A week before the company’s second-quarter earnings call, Citi has upgraded McCormick shares from sell to neutral, citing improvements ...

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McCormick buys Australian herb company

McCormick & Company purchased Australia-based Gourmet Garden for $114 million. (photo: McCormick & Company)

After walking away last week from a potential acquisition of a British food company, McCormick & Company announced Tuesday that it has purchased Botanical Food Co., an Australian firm that sells Gourmet Garden packaged herbs. The Sparks-based spice maker bought ...

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Commentary: What’s behind McCormick’s snubbing

In food M&A, it’s a seller’s market — and the little guys are calling the shots. The buyers may be the ones with $10 billion and $20 billion-plus market values. But many smaller players offer growing brands, geographic diversification or some other ...

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McCormick announces $400 million in cost cuts

McCormick

McCormick & Co. is cutting $400 million in costs over the next four years, the company announced Wednesday. As part of its cost-cutting measures, the Sparks-based spice giant will be looking at consolidating vendors in the U.S. and abroad, use ...

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