McCormick Earnings: What to Watch
Wall Street has left McCormick (NYSE: MKC) stock out of the market rally that's been going on over the past year. The spice and flavorings giant has enjoyed faster growth since the pandemic put a new premium on home cooking. But investors haven't rewarded the stock for that boost, choosing instead to bet that sales and profit trends will slow right back down as the COVID-19 threat fades.
That pessimistic forecast sets up a potential jump for McCormick shares this week if this well-run company can outperform low expectations. With that in mind, let's look at why investors might be pleasantly surprised by the company's second-quarter report, set for release on Thursday, July 1.
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Source Fool.com
