Investors See Weak Earnings in Packaged Food as an Opportunity
The tough economic environment lately seems concentrated among lower-income consumers. Executives at Campbell and McCormick have pointed to particular weakness with that group.
Tag: McCormick
Investors Trust McCormick Again; Should They?
In the late 2010s, among major, mature manufacturers, spice maker McCormick was far and away the most expensive stock in the packaged food space.
2024 Trends to Watch: Bold Soups, Spices, and Global Flavors
The new year has arrived and with it all manner of prognostications regarding what’s hot, what’s not, and what’s just around the bend. Here’s a look at 2024 trends that consumers demand, what grocers should …
FI Newscast (March 31, 2023) – Featuring Kelly Springer, Kelly’s
Welcome to the FI Newscast! Each week, we note the latest industry trends and consumer insights, with guest appearances by the foremost industry experts. This week’s guest was Kelly Springer, CEO of Kelly’s Choice. Produced …
2023 Flavor Forecast: Expect Influx of French Cuisine
When it comes to classical cooking and decadent flavors, look no further than France. With centuries of tradition and innovation, excellent French cuisine is some of the most celebrated and sought after. Flavor giant McCormick …
Update: Major Food Companies Ramping up ESG Efforts
With ESG topics becoming increasingly important to consumers, food companies are noticeably increasing their efforts. Below are a few recent examples of new ESG initiatives in the industry. MCCORMICK ADVANCES SUSTAINABILITY STANDARD McCormick & Company …
How Food Businesses are Fighting Inflation
The Federal Reserve raised its median forecast for inflation this year, projecting consumer prices will rise 3.4% in the fourth quarter compared to a year prior. Since the pandemic began, grocery bills have gone up 8%-9% …
EARNINGS UPDATE: McCormick Reports Strong Second Quarter Sales
McCormick & Co. today reported financial results for its fiscal second quarter ended May 31, 2021. KEY HIGHLIGHTS Sales rose 11% in the second quarter from the year-ago period. In constant currency, the company grew sales …
McCormick Enters New Year on Acquisition Spree
McCormick & Company, which manufactures spices, seasoning mixes, and more for a large swath of the food industry, has worked feverishly in recent months to strengthen and diversify its business through strategic acquisitions. In particular, …
McCormick Gets Spicy with Cholula Acquisition
McCormick will buy hot sauce maker Cholula for $800 million, reported CNBC (Nov. 24). The company, which already owns the Frank’s RedHot and Old Bay hot sauce brands, reported an 8% sales increase its latest …
CPG Brands Continue to Profit as Consumers Stay Home
Several CPG brands recently released quarterly earnings, displaying high demand for snacks and ingredients as consumers cook at home. PepsiCo Quarterly sales for PepsiCo grew by more than 5%, fueled by higher sales of …