Spice maker McCormick misses quarterly profit estimates on higher expenses [BNN Bloomberg (Canada)]
The Kraft Heinz Company (KHC)
Last the kraft heinz company earnings: 4/30 07:05 am
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Source: BNN Bloomberg
Shares of Hunt Valley, Maryland-based company were down about 3% in premarket trading. McCormick, like its peer General Mills, has been cutting prices and ramping up brand marketing and promotional investments to bring back lost customers. But expectations of inflation due to U.S. President Donald Trump's import tariffs and subsequent trade war have made consumers more cautious about purchasing branded items, even in essential categories such as packaged food. Quarterly volumes in McCormick's consumer segment, a major revenue contributor, rose only 2.6% from a year ago, although the prices were down 1.4% compared with a 3% increase the previous year. McCormick reported adjusted profit of 60 cents per share for the first quarter, compared with analysts' estimates of 64 cents per share, according to data compiled by LSEG. For the quarter, its net sales of US$1.61 billion came in line with analysts' estimates. The Cholula hot sauce maker said it has maintained its annual for
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KHC
Earnings
- 10/29/25 - Beat
KHC
Sec Filings
- 12/19/25 - Form 4
- 12/17/25 - Form 144
- 12/16/25 - Form 8-K
- KHC's page on the SEC website