McCormick & Co.
Coverage of McCormick & Co. in the Nexus archive.
- McCormick Plans to Add a London Listing After Unilever Food Deal
McCormick & Company has selected London as a secondary listing location following its acquisition of Unilever Plc’s foods business earlier this year.
- U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war
U.S. companies have received $71 billion in tariff refunds following a Supreme Court ruling, but are using the funds to offset inflation caused by the Iran war and other economic pressures. Companies like PepsiCo and McCormick & Company report using refunds to counterbalance higher commodity and shipping costs linked to geopolitical tensions and energy price fluctuations.
- Trump has created a ‘trickle up’ tariff economy that means U.S. companies aren’t done hiking consumer prices over import taxes
President Trump's tariff policy has led to ongoing price increases by U.S. companies, with 47% of service firms and 44% of manufacturers planning hikes. Businesses are using a 'trickle up' strategy to gradually raise prices, avoiding immediate consumer backlash. The New York Fed notes that 90% of tariff costs are borne by U.S. companies and consumers, contradicting Trump's claims that exporters would cover the costs.
- McCormick: Fiscal Q2 Earnings Snapshot
McCormick & Co. reported fiscal Q2 net income of $150.1 million with adjusted earnings of 80 cents per share, exceeding Wall Street expectations. The company also posted $1.94 billion in revenue and revised its full-year earnings forecast to $3.05-$3.13 per share.