Shares of the seasoning mixes and condiments manufacturer and distributor McCormick (NYSE: MKC) have retreated 21% from their record-high share price of $107 set in April. Cost inflation and supply chain challenges were responsible for a 350-basis point decline in McCormick's non-GAAP net margin to 8.4% in the second quarter. Due to McCormick's strong brands and a growing global population, analysts are expecting 5.1% annual earnings growth over the next five years.