McCormick & Company

Consumer Goods | Processed & Packaged Goods | USA
McCormick Loses More than 10% on Earnings Report

Earnings fall short of expectations in year following acquisition of French's and Frank's brands.

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The Maryland company posted adjusted earnings per share of $1.67 for the fourth quarter, an 8% rise over the $1.54 reported in the same quarter last year, but still lower than analysts' expectations. Zacks Consensus Estimate for McCormick was $1.70 per share.

Fourth-quarter net sales, meanwhile, hit about $1.5 billion, also below expectations. Sales were up 12% from the previous year, however. Net sales for the year were about $5.4 billion.

Adjusted earnings per share for 2018 rose to $4.97 from $4.26 the previous year. If the one-time boost from U.S. tax law were taken into account, non-adjusted earnings per share increased to $7.

For 2019, McCormick projected adjusted earnings per share of $5.17 to $5.27, about a 4% to 6% increase from the previous year.  Year-over-year sales are also expected to rise by 1% to 3% and operating income to increase year-on-year by 10% to 12%.

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https://www.thestreet.com/markets/mccorm...yptr=yahoo

MKC hatte aber auch einen unheimlichen run die letzten Monate! Erst der ziemliche Absturz nach der Übernahme von Reckitts Senf und Hot Sauce Sparte, welche der Markt als viel zu teuer ansah. Da kaufte ich bis zum bitteren Ende mit runter. 

Nun - Die Spekulanten nehmen jetzt mal Geld vom Tisch - war klar. Im Grunde war das so vorhersehbar wie nur irgendwas, dummerweise bin ich kein Spekulant (iSv kurzfristige Anlage) und habe damit sicherlich bei solchen Aktionen einen Oppotunitätskostennachteil - sprich: ich hätte mehr Geld einsacken können!   Ich kann aber nicht anders. Wenn ich damit anfange mich auf solch Terrain zu begeben ... Schuster bleib bei deinen Leisten! 

MKC hat heute Quartalszahlen veröffentlicht, die sehr erfreulich sind ... so erfreulich wie der wahnwitzige Kursverlauf der letzten Monate:

Lawrence E. Kurzius, Chairman, President and CEO, stated, "McCormick's strong first quarter results were a great start to the year reflecting the successful execution of our strategies. We delivered against our plans for both sales growth and profit realization and are excited about our momentum.   Our fundamentals are very strong and we are confident the initiatives we have underway in 2019 position us to continue on our growth trajectory.

"Both our consumer and flavor solutions segments contributed to our constant currency sales growth of 4%.  Growth in both segments was entirely organic, driven by higher volume and product mix on base business and new products as we had no acquisition impact in the quarter. 


....adjusted earnings per share was $1.12 in the first quarter of 2019 compared to $1.00 in the year-ago period.  The increase in adjusted earnings per share was driven primarily by higher adjusted operating income and a lower adjusted income tax rate.  This was an increase in adjusted earnings per share of 12%, ..."

https://ir.mccormick.com/news-releases/news-release-details/mccormick-reports-strong-first-quarter-performance-and-reaffirms

Wie sagt man so schön: Die feuern auf allen Zylindern und wachsen organisch!

Quartalszahlen BOOM

• Earnings per share was $1.43 in the third quarter as compared to $1.30 in the year-ago period. Adjusted earnings per share rose 14% to $1.46 from $1.28 in the year-ago period.
   
  
  
• Operating income was $254 million in the third quarter compared to $230 million in the year-ago period. Adjusted operating income was $261 million, a 9% increase from $239 million in the third quarter of 2018, and a 10% increase in constant currency.
   
  
  
• Sales rose 1% in the third quarter from the year-ago period with gross margin expansion of 100 basis points. In constant currency, the company grew sales 2%.
   
  
  
• For fiscal year 2019, McCormick continues to expect strong growth and based on its year-to-date performance raised its earnings per share outlook.
   
  

For fiscal year 2019, the company projects another year of strong cash flow, with plans to return a significant portion to McCormick's shareholders through dividends and to pay down debt.

https://ir.mccormick.com/news-releases/n...-increases

MKC is on track die Schulden aus der Reckitt Food Sparten-Übernahme abzubauen und den vorherigen höheren S&P Ratung Status wieder zu erlangen UND die Dividende SIGNIFIKANT im November zu erhöhen 

Neben HORMEL (HRL) und NEXTERAENERGY (NEE) eine meiner "liebsten" Positionen! Kaufen und vergesssen!