Despite Disappointing Earnings, This Dividend Aristocrat Is a Buy
Spice and industrial flavorings conglomerate McCormick (NYSE: MKC) revealed very slight growth to close out the year in its fiscal fourth-quarter 2019 earnings report released Tuesday. The company layered this result with an anemic earnings forecast for fiscal 2020, spurring shareholder disappointment and sending shares down nearly 4% during Tuesday's trading session.
Let's walk through critical details from the multinational's filing and discuss why investors should keep a balanced view of the company's prospects. Note that all comparative numbers below are presented against those of the prior-year quarter.
Data source: McCormick.
Source Fool.com
