Why Food Company McCormick Shares Are Shooting Higher Today
Why Food Company McCormick Shares Are Shooting Higher Today
Shares of McCormick & Co Inc (NYSE:MKC) are trading higher after the company reported better-than-expected second-quarter FY24 earnings.
麥考密克公司股票（NYSE:MKC）在公司公佈超預期的第二財季FY24的業績後上漲。
The company reported a second-quarter FY24 sales decline of 1% year-on-year to $1.643 billion, beating the analyst consensus estimate of $1.637 billion.
該公司報告第二季度FY24銷售額同比下降1％至16.43億美元，超出分析師共識估計的16.37億美元。
Flavor Solutions segment sales declined by 1%, reflecting a 1% increase from pricing offset by a 2% decline in volume and product mix as well as the strategic decision to divest its canning business.
調味品銷售業務板塊下降了1％，反映出1％的價格上漲以及2％的成交量和產品組合下降，以及放棄罐頭業務的戰略決策。
Consumer segment sales decreased 1%, with minimal currency impact, reflecting a 1% decrease from pricing partially offset by modest volume growth.
消費者銷售業務下降了1％，幾乎沒有貨幣影響，反映出1％的價格下降，部分抵消了適度的成交量增長。
Gross profit was $619.6 million, with the margin expanding 60 basis points Y/Y to 37.7%.
公司的毛利潤爲6.196億美元，利潤率同比增長60個點子至37.7％。
Adjusted operating margin expanded 20 basis points to 14.2%. Adjusted EPS of $0.69 beat the consensus estimate of $0.59.
調整後的營業利潤率擴大了20個點子至14.2％。調整後的每股收益爲0.69美元，超過了0.59美元的共識估計。
McCormick held $166.3 million in cash and equivalents as of May-end. The company generated an operating cash flow of $302 million in the quarter.
截至5月底，麥考密克公司持有1.663億美元的現金及等價物。公司本季度的運營現金流爲3.02億美元。
"The investments we made in our Consumer segment drove substantial sequential volume improvement in the second quarter, leading to volume growth, and we expect continued momentum for the second half of the year," said President and CEO Brendan M. Foley.
總裁兼首席執行官布蘭登·M·弗利表示：“我們在消費者業務板塊進行的投資，推動了第二季度體積的實質性順序改善，實現的成交量增長爲，我們預計下半年將延續這種勢頭。
Outlook Reaffirmed: McCormick sees FY24 sales growth of (2)% – 0%. The company expects an adjusted EPS of $2.80 – $2.85 versus an estimate of $2.87.
前景展望：麥考密克公司預計FY24銷售額下滑2％-0％。該公司預計調整後的每股收益爲2.80-2.85美元，而估計值爲2.87美元。
The company plans to host its Investor Day on October 22, 2024, in Hunt Valley, Maryland, and discuss its long-term strategy and financial outlook.
該公司計劃於2024年10月22日在馬里蘭州亨特谷舉行投資者日，並討論其長期策略和財務展望。
Price Action: MKC shares are trading higher by 3.81% at $70.25 in premarket at last check Thursday.
截至上週四最後一次檢查，MKC股票在盤前交易中上漲3.81％至70.25美元。
Photo by Mike Mozart via Flickr
Mike Mozart通過Flickr分享的照片
譯文內容由第三人軟體翻譯。