McCormick & Company Earnings Review

As ever, spices and seasonings company McCormick & Company's (NYSE:MKC) earnings release and conference call this week were a mass of numbers. A combination of currency adjustments, acquisition effects, and special charges all helped to obscure the underlying picture at the company. Let's cut through the clutter to see what's going on.

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McCormick Earnings Review

The third-quarter earnings report from McCormick & Company, Incorporated (NYSE:MKC) , released Sept. 30, saw the spices and seasonings specialist raise its full-year financial forecast on the back of a good set of numbers. McCormick is always going to have a lot of moving parts in its earnings, so it's a good idea to look at the numbers behind the headlines.

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McCormick & Company Earnings Analysis

Spice and seasonings company McCormick & Company (NYSE:MKC) is the very definition of a company buffeted by negative currency effects from a stronger U.S. dollar. As such, its fourth-quarter earnings, which were reported Thursday, need to be looked at in the context of currency conversion and judged on the basis of its underlying aims. In a nutshell, the results saw a return to form for the company and it appears on track with its long-term aims. Let's take a closer look.

MCCORMICK & COMPANY IS ACHIEVING STRONG GROWTH INTERNATIONALLY. IMAGE SOURCE: MCCORMICK & COMPANY WEBSITE

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McCormick & Company's Troubles in India

Spices and seasonings business McCormick & Company  delivered a mixed set of third-quarter earnings Thursday morning, but disappointed the market by guiding toward the lower end of its full-year earnings-per-share guidance range. The company's underlying revenue and earnings growth continues to be masked by unfavorable currency movements. Meanwhile, just as McCormick is achieving success in dealing with some of the weaker areas of its business, it's seeing weakness in its majority-owned India spice business, Kohinoor, and the ill effects of a decline in the Mexican peso. Let's take a closer look at what's going on.


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McCormick & Company Earnings Analysis

The good news is spice-and-seasonings business McCormick & Company (NYSE:MKC) is achieving most of its objectives in 2015. The bad news is currency effects continue to erode its reported sales and profit generation. With this in mind, let's take a closer look at what is actually going on with its sales trends and earnings. The company reported Q2 results on July 1 and gave an updated 2015 outlook.


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