In an interview on CNBC’s Mad Money, Brendan Foley said the company is investing in its brands. “Our product portfolio is positioned well for the future,” he noted. “We’re working with a lot of fast growing, emerging brands.” The company’s business in China is starting to show “gradual growth,” he added. McCormick (MKC) has done a great job mitigating the impacts of tariffs, he noted.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MKC:
- Shell denies deal talks with BP, Micron reports Q3 beat: Morning Buzz
- Early notable gainers among liquid option names on June 26th
- Morning Movers: Shell ticks higher after denying interest in BP deal
- McCormick reports Q2 adjusted EPS 69c, consensus 65c
- McCormick sees FY25 adjusted EPS $3.03-$3.08, consensus $3.02