McCormick & Co.

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Covid-19 food industry updates – Friday 10 July (free to read)

10 Jul 2020

just-food is providing daily updates on how the Covid-19 pandemic is affecting the world's packaged food sector.

How are packaged food manufacturers using AI in NPD?

7 Jul 2020

How can artificial intelligence help packaged-food companies in the development of new products, a notoriously difficult area in which to succeed? Lucy Britner explores. 

McCormick rides home-cooking wave – six things to learn from US group's Q2 and outlook

1 Jul 2020

McCormick & Co. always appeared a likely beneficiary of the Covid-19 lockdowns – and the company's Q2 numbers have borne that out.

Orkla Indian subsidiary MTR linked with deal for local peer Eastern Condiments

29 May 2020

MTR Foods, an India-based business owned by Norway's Orkla, has been linked in media reports to the acquisition of a controlling stake in a local peer.

McCormick predicts another difficult quarter but D2C sales cushion Covid-19 impact

1 Apr 2020

McCormick & Co. said Covid-19-related disruption to its foodservice operations in China will continue to have a "significant" impact on the group in the second quarter.

McCormick withdraws financial guidance as Covid-19 weighs on sales

31 Mar 2020

McCormick & Co. has withdrawn its full-year financial guidance as the US-based spices and sauces maker feels the impact from Covid-19.

Coronavirus - two Mondelez China plants closed

30 Jan 2020

Mondelez International has been asked by Beijing to keep two of its plants shut beyond the usual period of closures over Chinese New Year due to the coronavirus outbreak.

McCormick forecasts stronger sales growth in 2020

28 Jan 2020

Schwartz and Ducros owner McCormick & Co. has booked a 1% rise in annual sales for 2019 – and told the market how it expects its top line to fare in 2020.

McCormick ups EPS forecast but trims sales guidance

1 Oct 2019

US spices and condiments group McCormick & Co. has made changes to its full-year financial forecasts on some key metrics.

McCormick & Co. teams up with IBM in AI-enabled product development

4 Feb 2019

Spices and sauces maker McCormick & Co. is teaming up with technology giant IBM in artificial intelligence-enabled product development.

McCormick & Co. issues pledge on plastics

30 Oct 2018

Spices and sauces giant McCormick & Co. has announced a commitment on the plastic the company uses in the packaging of its products.

Food products at heart of Canada's retaliatory tariffs

2 Jul 2018

Canada has introduced tariffs on a large number of US exports - including many food products - in response to President Trump's decision to tax Canadian steel and aluminium entering the US.

ThinkKids' protein bar range; Grupo Bimbo rolls out organic bread in US; McCormick broadens Schwartz stable; Danone adds 15 new products to Cow & Gate baby food portfolio

15 Jun 2018

just-food publishes the most notable product development from the international food sector, presented in bitesize format to give you a flavour of the innovation from your peers and competitors announced this week.

Earnings summary - Nestle lowers annual sales figures in earnings restatement; JBS FY profits more than double even as sales falter; 2017 a mixed bag for Vion; Avangardco sales hit by bird flu but annual loss narrows

29 Mar 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

CAGNY 2018 - Tyson Foods' Tajin spice range; PepsiCo Red Rock Deli crisps; Campbell V8 and premium soups; JM Smucker launches Jif Power Ups

26 Feb 2018

A number of food companies have taken the opportunity to highlight new product development (NPD) at the important Consumer Analyst Group of New York (CAGNY) investor conference in Boca Raton in the US. Here we round up the most eye-catching initiatives.

Danone launches Alpro yogurts in France; Unilever unveils low-sugar Talenti ice cream in US; Nestle reveals Thomy brand vegan hollandaise

9 Feb 2018

just-food publishes the most notable product development from the international food sector, presented in bitesize format to give you a flavour of the innovation from your peers and competitors announced this week.

Earnings summary - Dairy Crest 9M sales up; Huegli weighed down by German sales; Greencore sales surge; J&J Snack Foods Q1 profits rise

31 Jan 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

McCormick's 2017 results and 2018 outlook - six things to learn

30 Jan 2018

Andy Coyne gauges reaction to US flavourings business McCormick's full year results and looks at its future growth prospects. Here are five things he learned.

Food businesses face French legal action over 'undeclared nanoparticles'

24 Jan 2018

Mars and McCormick & Co. are among the food groups potentially facing court action in France over allegations of undeclared nanoparticles in their products.

McCormick latest to launch organic food push in France

18 Oct 2017

McCormick & Co. has stepped up its presence in France’s organic category.

My/Mo Mochi Ice Cream brings in former McCormick & Co. man Craig Berger as new CEO

14 Sep 2017

Niche ice cream firm My/Mo Mochi has appointed former McCormick & Co and  Fuji Food Products executive Craig Berger as chief executive officer.

McCormick hot on Reckitt sauces deal despite fiery multiple

21 Jul 2017

McCormick & Co. this week emerged as the buyer of Reckitt Benckiser's food assets, which include French's mustard and Frank's RedHot sauce. The brands look a good fit with McCormick's own basket of sauces and spices but the US group has paid what appears to be a rich multiple for the assets and its shares cooled on Wednesday when the deal was announced. Can McCormick extract value? Dean Best reports.

McCormick to buy Reckitt Benckiser food arm

19 Jul 2017

McCormick & Co. has struck a deal to buy Reckitt Benckiser's food division in a transaction valuing the French's and Frank's RedHot sauces business at US$4.2bn.

McCormick revises earnings forecast on cost of drive for scale

29 Jun 2017

McCormick & Co. today (29 June) revised its forecasts for annual operating income and earnings per share as the US spices and sauces group takes on the cost of implementing a programme designed to help it become a bigger business.

McCormick to launch "global" lines in India

9 Jun 2017

US spices and sauces maker McCormick & Co. has confirmed plans to launch "global" products in India by the end of the year.

McCormick to own 100% of India JV Kohinoor after settling rice dispute

25 Apr 2017

McCormick & Co. is to become the sole owner in its Indian joint venture Kohinoor Speciality Foods India after settling a dispute with its partner in the business, the local food group Kohinoor Foods Ltd.

McCormick to enter breakfast category with Good Morning line

12 Apr 2017

US spices and sauces maker McCormick & Co. has unveiled plans to enter the breakfast category later this year.

McCormick mum on potential interest in Reckitt Benckiser condiments

6 Apr 2017

US spices and sauces maker McCormick & Co, has declined to say whether it could be in the market to acquire the food arm of UK consumer goods group Reckitt Benckiser.

Which companies could be eyeing up Reckitt Benckiser's condiments? - analysis

5 Apr 2017

Reckitt Benckiser, the UK consumer goods group behind brands including Durex condoms and Flash bleach (and, soon, Enfamil infant formula) looks set to sell off its food division. The company this week announced it would hold a "strategic review" on the "non-core" unit, which contains brands including French's mustard and Frank's Red Hot sauce. If RB parts company with the unit, a move analysts regard as a consequence of the group's focus on "consumer health", which companies may be interested in its condiments? John Shepherd looks at which suitors could be keen as mustard - and why.

Q1 sales, profits up but McCormick cuts EPS forecast

28 Mar 2017

McCormick & Co. today (28 March) booked higher first-quarter sales and profits but cut its forecast for annual earnings per share, with the US spice and sauces maker increasing the level of "special charges" it expects to book this year.

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