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News Breaks
August 13, 2014
16:35 EDTMKCMcCormick initiates voluntary recall of oregano due to possible Salmonella risk
McCormick & Company is initiating a voluntary recall of McCormick Ground Oregano, 0.75 oz bottle, UPC 0-523561-6 with code dates BEST BY AUG 21 16 H and AUG 22 16 H due to possible contamination with Salmonella. This recall does not impact any other McCormick Ground, Whole or Oregano Leaves products. No illnesses have been reported to date in connection with this problem. The potential risk was brought to McCormick's attention by FDA during routine testing. This recall affects 1,032 cases that were shipped of the affected date codes.
News For MKC From The Last 14 Days
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July 2, 2015
08:08 EDTMKCMcCormick should be bought on weakness, says Bernstein
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July 1, 2015
12:45 EDTMKCMcCormick sees double digit decline in Q3 adjusted EPS vs. last year
Sees Q4 adjusted EPS increasing vs. $1.16 a year ago. Comments made earlier on the company's Q2 earnings conference call.
09:35 EDTMKCMcCormick falls after earnings and guidance, levels to watch
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09:28 EDTMKCOn The Fly: Pre-market Movers
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06:36 EDTMKCMcCormick raises FY15 adjusted EPS view to $3.47-$3.54, consensus $3.50
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06:36 EDTMKCMcCormick sees Q3 adjusted EPS down vs. last year
In Q3, the company expects adjusted EPS to decline from the year-ago period as the result of the projected tax rate, unfavorable currency rates and higher investment in brand marketing. Another year of strong cash flow is anticipated in 2015, with a portion returned to McCormick's shareholders through dividends and share repurchases.
06:32 EDTMKCMcCormick reports Q2 adjusted EPS 75c, consensus 68c
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June 30, 2015
15:26 EDTMKCNotable companies reporting before tomorrow's open
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14:08 EDTMKCMcCormick July volatility increases into Q2 and outlook
McCormick July call option implied volatility is 18, August is at 17, September is at 16; compared to its 52-week range of 12-23 into the expected release of Q2 results on July 1.
June 24, 2015
10:00 EDTMKCOn The Fly: Analyst Upgrade Summary
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07:04 EDTMKCMcCormick upgraded to Outperform from Market Perform at Bernstein
06:33 EDTMKCMcCormick to acquire Stubb's barbeque sauces for about $100M in cash
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