Earnings Call Summary | McCormick & Co(MKC.US) Q2 2024 Earnings Conference
Earnings Call Summary | McCormick & Co(MKC.US) Q2 2024 Earnings Conference
The following is a summary of the McCormick & Company, Incorporated (MKC) Q2 2024 Earnings Call Transcript:
以下是McCormick& Company, Incorporated (MKC) 2024第二季度業績會成績摘要:
Financial Performance:
金融業績:
McCormick reported a 1% decline in sales in constant currency, with flat pricing and a 1% decline in volume and product mix.
Gross profit margin expanded by 60 basis points in the second quarter versus the year-ago period, primarily driven by the Comprehensive Continuous Improvement program.
Adjusted operating income remained flat compared to the second quarter of 2023, with minimal impact from currency as gross margin expansion was offset by higher SG&A expenses.
在恒定貨幣匯率下,McCormick銷售額下降了1%,定價保持不變,成交量和產品組合下降了1%。
與去年同期相比,第二季度毛利率擴張了60個點子,主要得益於全面不斷改進計劃。
與2023年第二季度相比,調整後的營業收入保持不變,貨幣影響較小,毛利率擴張被較高的銷售及行政開支抵消。
Business Progress:
業務進展:
McCormick sees substantial improvement in Consumer segment volumes across major markets, driven by increased brand marketing investments and new product innovation.
The company is focusing on key categories such as spices and seasonings, condiments, and sauces which are benefiting from consumer trends towards cooking at home.
Innovations include renovated US everyday urban spice portfolio, new grilling portfolio, and Cholula salsas that are exceeding performance expectations.
McCormick看到了消費者主要市場銷量的實質性提高,這得益於品牌營銷投資的增加和新產品創新。
公司正在專注於主要類別,例如香料和調味品、調味品和醬汁,這些類別正在受益於消費者向家庭烹飪的潮流。
創新包括煥然一新的美國日常城市香料組合、新的燒烤組合以及超過業績預期的Cholula醬。
Opportunities:
機會:
Continued growth in Consumer segment driven by innovations and effective pricing strategies that align with current consumer preferences towards flavorful, home-cooked meals.
Flavor Solutions segment is expected to improve in the second half of the year due to new customer products and promotions.
不斷增長的消費者業務部門,得益於創新和符合當前消費者對美味、家常菜的偏好的定價策略。
由於新客戶產品和促銷,第二年上半年的調味品解決方案部門預計會有所改善。
Risks:
風險:
Economic uncertainties and inflation impacting consumer behavior, leading to increased value-seeking behavior which may affect spending on McCormick products.
Slower than expected recovery in foodservice sector and quick-service restaurants might impact the company's Flavor Solutions segment.
經濟的不確定性和通貨膨脹影響了消費者行爲,導致尋求更高性價比的行爲增加,這可能會影響對McCormick產品的支出。
餐飲服務行業和快餐餐廳的復甦速度比預期的要慢,可能會影響公司的調味品解決方案部門。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:如需更全面的詳情,請參閱投資人關係網站。本文僅供投資者參考,不作任何指引或建議。
譯文內容由第三人軟體翻譯。