What to Expect From McCormick & Company’s Upcoming Q2 Earnings?
<p>Analyst at Deutsche Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/MKC'>McCormick & Company (NYSE:MKC)</a> ahead of the company’s upcoming Q2/22 earnings, which are expected to be reported on June 29.</p>
<p>While the company has demonstrated solid execution and momentum throughout the pandemic, the analysts believe the top-and bottom-line delivery will be incrementally tougher moving forward as consumers shift towards value brands and cost headwinds linger throughout 2022 and into 2023. </p>
<p>Furthermore, with inflation pressures continuing to escalate in recent months (alongside volatility in China and more adverse FX headwinds), the company is likely to see its 2022 profit skew further towards the second half of its fiscal year than previously planned. That said, the analysts’ base case remains that the company will still largely reiterate its full-year outlook (if now likely skewed to the low end of its $3.17-$3.22 EPS range).</p>
<p>The analysts reduced their price target to $91 from $99, while keeping their hold rating unchanged.</p>

NYSE:MKC