US spice giant McCormick & Co has entered into a pre-arranged stock repurchase plan.

The firm said on Friday (20 August) that it will repurchase shares of its common stock as part of the company’s previously announced repurchase authorisations.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The plan will operate in accordance with guidelines specified under the Securities Exchange Act and consistent with McCormick’s policies regarding stock repurchases.

The firm said it may use a portion of the previously announced authorisations to repurchase shares of common stock during specified time periods concurrent with the end of the company’s fiscal quarters, at prevailing prices and subject to market conditions and other factors.

As of 20 August, US$404m is available under current repurchase authorisations, which have no expiration date.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now