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What McCormick & Company's Earnings Mean For Mutual Fund Investors (MKC)

McCormick & Company logo
Before the opening bell on Tuesday, McCormick & Company (MKC) released its first quarter financial results. Here’s what the results mean for mutual fund investors.

Inside MKC’s Results

Earnings

The company reported earnings of $70.5 million, or 55 cents per share. Last year, the company reported earnings of $82.5 million, or 62 cents per share. Adjusted EPS was 70 cents, coming in above analysts’ view of 64 cents.

Revenue
Sales rose 2% to $1.01 billion from $993 million. On average, analysts expected to see $985 million in revenue.

Outlook
For FY12015, MKC expects to see adjusted EPS between $3.44 and $3.51. This guidance is down from the company’s previous outlook of EPS between $3.51 and $3.58.

Another Company Faced With Currency Pressures

The company reported a decline in profits for the first quarter, citing special items and continued currency pressures from the stronger dollar. Looking forward, the packaged-foods company expects that currency pressures will persist, thereby negatively impacting its annual financial results.

Mutual Funds to Watch

The funds listed below may be a good option for investors seeking exposure to MKC. The three funds below currently hold the largest stakes in the company.

The Bottom Line

The funds highlighted above offer investors a stake in MKC, while remaining diversified. Investors interested in MKC may also be interested in Tyson Foods (TSN) or JM Smucker (SJM).

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McCormick & Company logo

What McCormick & Company's Earnings Mean For Mutual Fund Investors (MKC)

Before the opening bell on Tuesday, McCormick & Company (MKC) released its first quarter financial results. Here’s what the results mean for mutual fund investors.

Inside MKC’s Results

Earnings

The company reported earnings of $70.5 million, or 55 cents per share. Last year, the company reported earnings of $82.5 million, or 62 cents per share. Adjusted EPS was 70 cents, coming in above analysts’ view of 64 cents.

Revenue
Sales rose 2% to $1.01 billion from $993 million. On average, analysts expected to see $985 million in revenue.

Outlook
For FY12015, MKC expects to see adjusted EPS between $3.44 and $3.51. This guidance is down from the company’s previous outlook of EPS between $3.51 and $3.58.

Another Company Faced With Currency Pressures

The company reported a decline in profits for the first quarter, citing special items and continued currency pressures from the stronger dollar. Looking forward, the packaged-foods company expects that currency pressures will persist, thereby negatively impacting its annual financial results.

Mutual Funds to Watch

The funds listed below may be a good option for investors seeking exposure to MKC. The three funds below currently hold the largest stakes in the company.

The Bottom Line

The funds highlighted above offer investors a stake in MKC, while remaining diversified. Investors interested in MKC may also be interested in Tyson Foods (TSN) or JM Smucker (SJM).

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next