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Stockreport

Spice maker McCormick misses quarterly profit estimates on higher expenses [BNN Bloomberg (Canada)]

The Kraft Heinz Company (KHC)  More Company Research Source: BNN Bloomberg
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
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 [Read more]
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Stockreport

Spice maker McCormick misses quarterly profit estimates on higher expenses [BNN Bloomberg (Canada)]

The Kraft Heinz Company  (KHC) 
More Company Research Source: BNN Bloomberg
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
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 [Read more]
IMPACT SNAPSHOT
EVENT TIME:
KHC
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS