Latest news with #McCormick&Company
Yahoo
01-05-2025
- Business
- Yahoo
Cholula® Expands its Presence in the Mexican Aisle with its Largest Product Launch Yet
Birria Cooking Sauce among the 11 new premium, authentic Mexican products launching nationwide. HUNT VALLEY, Md., May 1, 2025 /PRNewswire/ -- Cholula®, the #1 Mexican Hot Sauce in the World*, brings its signature balanced heat to 11 new products that make it easy to recreate a taco truck experience at home. Crafted with authenticity, convenience and versatility, the expansion celebrates the rich heritage of Cholula. With cooking sauces that offer premium, restaurant-level flavor, seasoning mixes based on popular Latin dishes, and fan-favorite toppings, they'll take any meal to the next level. "Today's consumers are craving more adventurous taste experiences, and Mexican cuisine is leading the way," said Valda Coryat, North America Vice President of Marketing for McCormick & Company. "With these new product innovations, we're enabling consumers to explore the distinctiveness of Mexican cooking in their everyday lives by opening the door to new, flavorful ways to experience Cholula." Coming soon to the Mexican Aisle at select retailers nationwide, the new product lineup features: Cholula Cooking Sauces: Original Taco, Fajita, Carne Asada, and Birria sauces infuse simmered chicken or steak with bold, Mexican flavor – or they can top any dish with mild to medium heat. Cholula Cremosa: Creamy Cilantro Lime and Chipotle topping sauces bring the taqueria home, layering flavor and personalizing everything from tacos to tortas and enchiladas. Cholula Chamoy: A popular chili-spiced Mexican condiment, squeeze it over fresh fruit, drinks, and savory dishes like tacos for balanced salty, sweet, sour, and spicy flavor and medium heat. Cholula Chili Crisp: This crave-worthy topping adds crunch, flavor, and heat to favorite Mexican dishes like tostadas, queso fundido, eggs, and more. Inspired by the popular Mexican condiment salsa macha, this chili crisp delivers an exciting sensory explosion in every bite. Cholula Taco Seasoning Mixes: Expanding on existing blends, these on-trend, restaurant-inspired seasonings elevate Mexican meals in Original Fajita and Pork Carnitas flavors. Cholula Original Hot Salsa: Honoring the beloved taste of Cholula Original Salsa with a hotter, spicier profile, a spoonful takes eggs, burgers, and salads to a new level with balanced hot heat. With 45% of Gen Z naming Mexican cuisine as their forever favorite**, the latest innovations from Cholula remain true to the brand's promise of high-quality ingredients and bold flavor. The debut of cooking and simmer sauces encourage fans to go beyond Taco Tuesday and recreate a broader spectrum of Mexican cuisine in their own kitchen. Birria, a dish known for its rich, slow-cooked flavors and hours-long preparation, can now be easily recreated at home – bringing mouthwatering, complex tastes without the time-consuming process. Additionally, the new Cremosa offerings, inspired by traditional crema (like sour cream), along with Chamoy, exemplify the brand's commitment to both satisfying consumer cravings and introducing authentic, next-level flavors to the mainstream. This launch comes off the heels of the brand's wildly popular salsas and taco seasonings. Now available at and Amazon they're also coming soon to select retailers nationwide in the Mexican aisle. For fans looking for recipe inspiration using the latest products, check out the following Quesabirria Tacos, Queso Fundido, and Mangonadas. More details on the new products and additional recipes are available at Follow along on Instagram, Twitter and TikTok. Media Note: High-resolution product and recipe images can be downloaded here. *Source: Euromonitor International Limited; based on custom research conducted September 2024 for value sales in 2023 through all retail channels. Mexican hot sauce defined as spicy table sauce/condiment that are manufactured in Mexico. **Source: Mexican Cuisine Quantitative Report June 23 About Cholula Cholula's delicious hot sauce is created from a generations-old recipe featuring carefully selected arbol and piquin peppers and a secret blend of signature spices. Its unique recipe delivers a robust flavor with just the right amount of heat, with versatility far beyond the everyday condiment. Cholula's distinctive wooden cap and artistic yellow label are testaments to the quality tradition of Mexican artisanship, and each bottle of Cholula is crafted with care in Mexico. Introduced into the U.S. in 1989, Cholula Hot Sauce comes in six varieties and is enjoyed world over. Cholula is one of McCormick & Company's (MKC) brands. With over $6.5 billion in annual sales across 150 countries and territories, McCormick is a global leader in flavor. Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is guided by our principles and committed to our Purpose – To Stand Together for the Future of Flavor. McCormick envisions A World United by Flavor where healthy, sustainable, and delicious go hand in hand. To learn more, visit or follow McCormick & Company on Instagram and LinkedIn. Media Contacts Sunshine Sachs Morgan & Lylis cholula@ View original content to download multimedia: SOURCE McCormick & Company, Inc. Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
McCormick (NYSE:MKC) shareholders have endured a 18% loss from investing in the stock three years ago
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But the risk of stock picking is that you will likely buy under-performing companies. Unfortunately, that's been the case for longer term McCormick & Company, Incorporated (NYSE:MKC) shareholders, since the share price is down 23% in the last three years, falling well short of the market return of around 34%. With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. We've discovered 1 warning sign about McCormick. View them for free. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the unfortunate three years of share price decline, McCormick actually saw its earnings per share (EPS) improve by 1.5% per year. This is quite a puzzle, and suggests there might be something temporarily buoying the share price. Or else the company was over-hyped in the past, and so its growth has disappointed. It's pretty reasonable to suspect the market was previously to bullish on the stock, and has since moderated expectations. Looking to other metrics might better explain the share price change. The company has kept revenue pretty healthy over the last three years, so we doubt that explains the falling share price. We're not entirely sure why the share price is dropped, but it does seem likely investors have become less optimistic about the business. You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image). McCormick is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. So we recommend checking out this free report showing consensus forecasts It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of McCormick, it has a TSR of -18% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments! McCormick provided a TSR of 5.2% over the last twelve months. But that return falls short of the market. On the bright side, that's still a gain, and it's actually better than the average return of 1.0% over half a decade This suggests the company might be improving over time. It's always interesting to track share price performance over the longer term. But to understand McCormick better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for McCormick you should be aware of. If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Forbes
18-04-2025
- Business
- Forbes
Guy Peri Helps Flavor McCormick's Future Through Data Transformation
McCormick's Old Bay seasoning McCormick & Company, a 135-year-old global leader in flavor, generates $6.7 billion in annual revenue and serves consumers and businesses in over 150 countries. Best known for brands like Frank's RedHot, French's, Cholula, Old Bay and Zatarain's, McCormick offers essential flavor solutions across consumer and industrial markets. Guy Peri is McCormick's Chief Information and Digital Officer. Though only seven months into his role, Peri is rapidly advancing a comprehensive transformation of the company's digital capabilities. His career-long focus on data and analytics informs a strategy rooted in foundational data excellence, operational optimization and innovation powered by AI. Leading Digital with Purpose As CIDO, Peri oversees infrastructure, ERP, cloud platforms, cybersecurity, data systems and the entire scope of digital initiatives at McCormick. His mission is to ensure that digital transformation is anchored to McCormick's business strategy. "My span of control and responsibilities are developing and leading the implementation of our enterprise digital transformation strategy," Peri explained. From demand creation to product innovation, retail execution and operational efficiency, he is spearheading initiatives that align technology with growth and performance. Deepening Consumer Connections McCormick's digital strategy starts with understanding its consumers more deeply. "We are all at service to consumers and employees," said Peri. By leveraging social media, search data and first-party information, Peri's team captures insights that guide targeted engagement and product development. McCormick & Co. Chief Information & Digital Officer Guy Peri These insights fuel McCormick's annual Flavor Forecast, a 25-year tradition that predicts future flavor trends. Recent hits include chipotle Korean barbecue and Swicy (sweet and spicy). This year's bold prediction: Aji Amarillo, a tropical, fruity spice with heat. Turning Insights into Innovation The Flavor Forecast is a product of collaboration between marketing, R&D, chefs and data scientists. McCormick combines 40 years of sensory data with real-time digital signals to forecast emerging tastes. "We try our best to predict what's coming, bring those flavors into our products and serve consumers with those flavors," Peri noted. Insights are derived from social listening, search engine trends and qualitative research. This convergence of disciplines and data enables McCormick to stay ahead of evolving palates. A Data Strategy Rooted in Value At McCormick, he prioritizes value-driven use cases and operational integration. "There's a lot of things we can do in digital, data and analytics,' Peri emphasized. 'There's only a few things that are material.' His three-part framework emphasizes business value, data quality and transformation of work processes as mechanisms to help prioritize his team's efforts. He underscores the importance of data hygiene, governance and reliability, recognizing that these foundations are essential before layering on advanced AI. Upskilling for the Digital Era Changing how people work is central to McCormick's transformation. Peri is focused on elevating digital fluency across the organization by identifying and celebrating early adopters. "We're trying to upskill individuals to be successful in that new world, and then catch them doing it right," said Peri. Teams that embrace analytics and digital tools are spotlighted in global town halls to inspire cultural change. Through this approach, McCormick is building new career paths and empowering employees to lead innovation from within. Harnessing AI to Predict and Optimize McCormick is actively deploying predictive analytics in procurement, forecasting and product development. With decades of historical procurement data and external market signals, Peri's team can predict raw material pricing with impressive accuracy. AI models are also enhancing demand and financial forecasting, as well as enabling faster product formulation by suggesting ingredient substitutions. These applications optimize operations and accelerate innovation. "We're using AI to predict procurement pricing, forecast demand and improve product formulation," Peri shared. Envisioning the Agentic Future Looking ahead, Peri is excited about the rise of agentic systems; intelligent digital agents that collaborate with humans. He anticipates a shift where employees move from transactional tasks to exception management, working alongside algorithms to deliver results. "Agentic is going to be the next generation of automation in RPA," Peri predicted. Every role will require a base level of digital literacy and interaction with predictive tools, transforming traditional job functions into tech-enabled decision-making roles. Expanding Technology to the Whole Enterprise One of the most transformative aspects of McCormick's strategy is the democratization of technology. Peri envisions a future where every employee, regardless of technical background, has the tools and understanding to use AI. This includes designing user-friendly tools and establishing baseline digital education, such as understanding machine learning models and how data feeds into them. "You no longer need a PhD in data science to work with AI models," Peri underscored. Building these capabilities will ensure widespread adoption and innovation. Drawing from Experience, Building Forward Peri credits his nearly three decades at P&G, including six years as the company's first chief data and analytics officer, for preparing him to scale enterprise-wide capabilities. P&G's focus on transforming how business is done, experimenting at scale and operationalizing innovation shaped his leadership philosophy. "We were always about being business leaders first," Peri said, reflecting on his time at P&G. He brings those lessons to McCormick, where his team is applying them to build sustainable, scalable digital transformation. What's Next Peri sees a future where sensors, IoT and real-time data create personalized, connected flavor experiences. Agentic capabilities, new business models and intelligent products are on the horizon. "We're going to have smarter and smarter products that personalize experiences like never before," Peri concluded. Under Peri's leadership, McCormick is not only embracing digital innovation. It is flavoring the future of food technology. Peter High is President of Metis Strategy, a business and IT advisory firm. He has written three bestselling books, including his latest Getting to Nimble. He also moderates the Technovation podcast series and speaks at conferences around the world. Follow him on Twitter @PeterAHigh.
Yahoo
15-04-2025
- Health
- Yahoo
How Robert F. Kennedy Jr. Is Already Reshaping Your Spice Rack
Spice brand McCormick & Company announced in an earnings call that it is increasing efforts to reformulate products, as the United States Department of Health and Human Services targets food additives and dyes. Several states have already banned a number of food dyes and additives, and the Food and Drug Administration has banned the use of Red Dye No. 3. McCormick & Company may develop new products that align with health-focused food trends, like functional ingredients and high protein States Secretary of Health and Human Services Robert F. Kennedy Jr.'s influence is already being felt throughout the food industry in the United States, and you may soon see its impact on your spice drawer. In late March, McCormick & Company, one of the largest spice and seasoning brands in the world and a name that's likely in your own pantry, announced on an earnings call that it's working with its restaurant and food manufacturer clients to reformulate products, as customers move away from dyes and other food additives targeted by Kennedy and the Department of Health and Human Services (HHS). "We are seeing a tick-up in reformulation activity," Brendan Folly, the chief executive officer of McCormick & Company, shared on the call. According to Foley, this is happening across its customer base. Per the executive, this aligns with "what you're seeing and being written out in the news media regarding what we're hearing from the new administration." However, it's not just the HHS targeting food additives — individual states are taking action, too. In 2023, California passed a law banning four chemicals from food production: Red Dye No. 3, potassium bromate, brominated vegetable oil, and propylparaben. All of these, with the exception of Red Dye No. 3 in a small number of candied and cocktail cherry products, are already banned from use in food across the European Union. "We know they are harmful and that children are likely being exposed at a much higher rate than adults," Susan Little, senior advocate for California government affairs at the activist organization Environmental Working Group (EWG), shared at the time. "It makes no sense that the same products food manufacturers sell in California are sold in the EU but without these toxic chemicals. Our kids need to be protected, too." Related: More Than 10,000 Chemical Food Additives Ended Up in the U.S. Food System — Here's Why In March of this year, West Virginia passed a similar law, banning the use of Red Dye No. 3, Red Dye No. 40, Yellow Dye No. 5, Yellow Dye No. 6, Blue Dye No. 1, Blue Dye No. 2, and Green Dye No. 3, along with the preservatives butylated hydroxyanisole and propylparaben, from being used in drugs or food products sold in the state. As Food & Wine previously reported, the dyes will be barred from use in "any meal served in a school nutrition program" starting on August 1, 2025. The dyes and preservatives will be banned statewide starting January 1, 2028. "West Virginia ranks at the bottom of many public health metrics, which is why there's no better place to lead the Make America Healthy Again mission," Governor Patrick Morrisey shared in a statement about the law. "By eliminating harmful chemicals from our food, we're taking steps toward improving the health of our residents and protecting our children from significant long-term health and learning challenges." New York state is working on similar legislation, the New York Food Safety and Disclosure Act, which would not only ban specific chemicals, but also require companies to disclose 'generally recognized as safe' (GRAS) additives on food packaging. Several other states have similar bills in the works, which consumers can track using the EWG's interactive legislation map. While McCormick & Company is working on reformulating products, the brand notes that only a small number of its goods contain food dyes. Foley explains on the earnings call, "We don't really have a lot of usage of color in our products as you might expect, at least very, very few overall. Now with respect to [changes to] formulations, we are seeing more activity on that, definitely." Related: States Are Cracking Down on Toxic Food Chemicals — Is Yours One of Them? In January, the Food and Drug Administration officially banned Red Dye No. 3 over concerns about its connection to cancer, noting that it must be removed from food products by mid-January 2027 and from ingested drugs in 2028. McCormick announced in March that it will be phasing the dye out of its products before the ban goes into effect. What can you expect from McCormick & Company moving forward? Foley hinted that the brand may soon launch new products to fit consumers' "healthier lifestyles" and align with growing trends like "hydration, functional foods, [and] high protein." Existing products are being reformulated, and consumers can expect new product releases to come. Read the original article on Food & Wine
Yahoo
11-04-2025
- Business
- Yahoo
Is McCormick & Company (MKC) One of the Best Packaged Food Stocks to Buy Now?
We recently published a list of . In this article, we are going to take a look at where McCormick & Company, Incorporated (NYSE:MKC) stands against other best packaged food stocks to buy now. According to a report by Grand View Research, the US packaged food market had a size of $1.03 trillion in 2021. It is expected to grow at a compound annual growth rate (CAGR) of 4.8% between 2022 and 2030. The primary growth drivers for the industry include the rising consumer inclination for convenience coupled with consumers' hectic lives and work schedules. In addition, the rise in e-commerce sales in the US is another significant factor supporting the sale of packaged food nationwide. Growing innovation in plant-based products, food packaging, healthy ingredients, and bold flavors is expected to continue driving this growth in the United States in the coming years. READ ALSO: and . On April 8, BofA Securities analysts Bryan D. Spillane, Lisa K. Lewandowski, and Peter T. Galbo released their research findings on the consumer staples industry and their expected performance in case of a potential recession. The analysts iterated that in a majority of recent recessions, consumer staples have historically outperformed the S&P 500 as a sector. This trend points towards a defensive edge for the sector. However, the analysts also cautioned that current market conditions, including weak volume growth and lingering high prices, should be considered, as they may affect the sector's resilience in a future downturn. Despite these concerns, consumer staples make up an appealing sector for investors and experts due to their limited exposure to the recently imposed tariffs, potentially helping sustain valuation multiples. During recessions, the stock prices in the consumer staples sector are typically affected by earnings per share (EPS) instead of sales growth. Yahoo! Finance reported that sector analysis highlights forward EPS accounting for more than 90% of stock price movement across central subsectors, including Packaged Food, Beverages, Household and Personal Care, and Tobacco. The analysts also opined that these trends reflect the significance of earnings strength when determining stock performance in volatile and uncertain economic conditions. Yahoo! Finance further reported that the top-performing stocks in the consumer staples sector are likely to share three common traits. These include solid balance sheets with the potential to sustain share buybacks to boost EPS, profit flexibility to offset increasing costs and revenue pressure, and a strong manufacturing presence in the US to constrain tariff-related inflation. We sifted through stock screeners, financial media reports, and ETFs to compile a list of 30 packaged food stocks and chose the top 10 most popular among hedge funds as of Q4 2024. The list is ordered in ascending order of hedge fund sentiment. We sourced the hedge fund sentiment data from Insider Monkey's database. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of spices, herbs and seasoning mixes in a colorful array, highlighting the company's range of & Company, Incorporated (NYSE:MKC) manufactures, markets, and distributes packaged spices, seasonings, herbs, condiments, and flavors to the entire food and beverage industry, including food manufacturers, retailers, and food service businesses. Its operations are divided into the Consumer and Flavor Solutions segments. The Consumer segment sells its products to retail channels under various brands, including French's, Frank's RedHot, Lawry's, Zatarain's, Simply Asia, Thai Kitchen, and more. The Flavor Solutions segment offers a range of packaged products to food service customers and food manufacturers. The company reported volume-driven performance in its fiscal Q1 2025 results, reflecting the success of its prioritized investments. It attained share gains in core categories across key markets, delivering volume growth in the Consumer and Flavor Solutions segments. In a report released on April 9, Robert Dickerson from Jefferies reiterated a Buy rating on McCormick & Company, Incorporated (NYSE:MKC) and set a price target of $89.00. Overall, MKC ranks 8th on our list of best packaged food stocks to buy now. While we acknowledge the potential for MKC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MKC but trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
