Market Summary
USD77.57-0.99
Delayedas of 21 Sep 2023, 03:52 pm-1.26%
MKC Alerts
MKC Stock Price
MKC RSI Chart
MKC Valuation
MKC Price/Sales (Trailing)
MKC Profitability
MKC Fundamentals
MKC Revenue
MKC Earnings
Price Action
52 Week Range
70.6094.39
(Low)(High)
Last 7 days
-1.6%
Last 30 days
-6.1%
Last 90 days
-16.2%
Trailing 12 Months
2.1%
MKC Financial Health
MKC Investor Care
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Net sales
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Latest Insider Trading transactions for MKC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-25 | HRABOWSKI FREEMAN A III | gifted | - | - | -7,500 | - |
2023-08-21 | MANGAN MICHAEL D | acquired | 177,500 | 35.5 | 5,000 | - |
2023-08-21 | MANGAN MICHAEL D | sold | -418,142 | 83.6284 | -5,000 | - |
2023-08-17 | HRABOWSKI FREEMAN A III | sold | - | - | -7,500 | - |
2023-08-17 | HRABOWSKI FREEMAN A III | acquired | - | - | 7,500 | - |
2023-07-28 | Schwartz Jeffery D | sold | -234,046 | 90.0177 | -2,600 | vice president, gen counsel |
2023-07-28 | Schwartz Jeffery D | acquired | 127,465 | 49.025 | 2,600 | vice president, gen counsel |
2023-07-26 | Tapiero Jacques | acquired | 177,750 | 35.55 | 5,000 | - |
2023-07-26 | Tapiero Jacques | sold | -449,422 | 89.8844 | -5,000 | - |
Which funds bought or sold MKC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 0.39 | 7,759 | 155,706 | 0.03% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 535,592 | 535,592 | 0.03% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | 462 | 10,032 | 0.01% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | 10,068 | 217,973 | 0.28% |
2023-09-01 | Portside Wealth Group, LLC | new | - | 685,889 | 685,889 | 0.13% |
2023-08-30 | Western Wealth Management, LLC | added | 9.11 | 117,660 | 935,971 | 0.08% |
2023-08-25 | STRATEGY ASSET MANAGERS LLC | added | 0.03 | 12,212 | 262,475 | 0.06% |
2023-08-24 | INVICTUS PRIVATE WEALTH, LLC | reduced | -4.31 | 632 | 201,501 | 0.02% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 29,346 | 636,779 | 0.01% |
2023-08-23 | Stonebridge Capital Advisors LLC | reduced | -10.23 | -2,733 | 43,615 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
MKC Alerts
Schedule 13G FIlings of McCormick & Company
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Apr 20, 2023 | kurzius lawrence erik | 10.4% | 1,967,254 | SC 13D/A | |
| Feb 14, 2023 | fundsmith llp | 7.81% | 19,568,672 | SC 13G | |
| Feb 10, 2023 | kurzius lawrence erik | 9.4% | 1,766,182 | SC 13D/A | |
| Feb 09, 2023 | vanguard group inc | 12.04% | 30,176,662 | SC 13G/A | |
| Feb 08, 2023 | state street corp | 5.76% | 14,433,529 | SC 13G/A | |
| Jan 31, 2023 | state farm mutual automobile insurance co | 3.70% | 9,268,961 | SC 13G/A | |
| Feb 16, 2022 | kurzius lawrence erik | 7.5% | - | SC 13D/A | |
| Feb 11, 2022 | fundsmith llp | 7.58% | 18,910,918 | SC 13G | |
| Feb 11, 2022 | state street corp | 5.52% | 13,768,715 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 11.43% | 28,492,777 | SC 13G/A |
Recent SEC filings of McCormick & Company
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 12, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4/A | Insider Trading | |
| Aug 30, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 4 | Insider Trading |
MKC Fair Value
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Peers (Alternatives to McCormick & Company)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AAPL | 2.7T | 383.9B | -0.20% | 12.03% | 28.98 | 7.15 | -0.93% | -4.89% |
MSFT | 2.4T | 211.9B | -0.34% | 32.68% | 32.95 | 11.25 | 6.88% | -0.52% |
GOOG | 1.7T | 289.5B | 4.39% | 32.17% | 27.89 | 5.87 | 4.10% | -15.36% |
AMZN | 1.4T | 538.0B | 0.45% | 10.72% | 106.74 | 2.59 | 10.73% | 12.62% |
| MID-CAP | ||||||||
JBLU | 1.5B | 9.9B | -27.42% | -42.17% | 56.49 | 0.15 | 24.14% | 106.11% |
NYMT | 825.8M | 246.5M | 1.69% | -8.19% | -5.2 | 3.35 | 6.65% | -174.04% |
| SMALL-CAP | ||||||||
TLRY | 1.9B | 627.1M | -7.75% | -1.79% | -1.34 | 3.1 | -0.20% | -204.67% |
PLAY | 1.6B | 2.2B | -9.03% | 2.29% | 11.2 | 0.72 | 38.20% | -10.10% |
MFA | 1.1B | 543.3M | 3.23% | 4.33% | -741.21 | 1.98 | 31.74% | 78.13% |
NKLA | 1.1B | 56.2M | -7.62% | -69.41% | -1.27 | 19.1 | 40.31% | -12.26% |
BYND | 659.3M | 356.8M | -12.09% | -36.06% | -2.35 | 1.85 | -23.03% | 15.53% |
GPRO | 539.4M | 1.0B | -7.43% | -34.64% | -20.4 | 0.52 | -11.34% | -107.10% |
CGC | 480.0M | 453.3M | 110.37% | -71.69% | -0.39 | 1.06 | -16.04% | 55.90% |
INO | 103.1M | 13.7M | -11.56% | -79.14% | -0.61 | 7.55 | 413.65% | 52.51% |
McCormick & Company News
Returns for MKC
Cumulative Returns on MKC
10.4%
10-Year Cumulative Returns
8.8%
7-Year Cumulative Returns
5.2%
5-Year Cumulative Returns
-5%
3-Year Cumulative Returns
Risks for MKC
What is the probability of a big loss on MKC?
41.1%
Probability that McCormick & Company stock will be more than 20% underwater in next one year
11.2%
Probability that McCormick & Company stock will be more than 30% underwater in next one year.
0%
Probability that McCormick & Company stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MKC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if McCormick & Company was unfortunately bought at previous high price.
Drawdowns
Financials for McCormick & Company
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.9% | 6,516 | 6,394 | 6,351 | 6,385 | 6,339 | 6,359 | 6,318 | 6,146 | 6,026 | 5,871 | 5,601 | 5,528 | 5,427 | 5,328 | 5,347 | 5,331 | 5,320 | 5,319 | 5,303 | 5,326 | 5,193 |
| Gross Profit | 4.1% | 2,370 | 2,277 | 2,275 | 2,353 | 2,386 | 2,478 | 2,495 | 2,452 | 2,443 | 2,408 | 2,300 | 2,270 | 2,219 | 2,148 | 2,145 | 2,120 | 2,103 | 2,100 | 2,093 | 2,157 | 2,118 |
| S&GA Expenses | 2.3% | 1,391 | 1,360 | 1,357 | 1,410 | 1,409 | 1,416 | 1,404 | 1,376 | 1,366 | 1,328 | 1,282 | 1,238 | 1,200 | 1,174 | 1,167 | 1,151 | 1,156 | 1,163 | 1,163 | 1,015 | 1,018 |
| EBITDA | -100.0% | - | 1,158 | 1,163 | 1,166 | 1,119 | 1,192 | 1,219 | 1,211 | 1,215 | 1,230 | 1,182 | 1,208 | 1,189 | 1,142 | 1,143 | 1,138 | 1,111 | 1,088 | 1,067 | 1,028 | 942 |
| EBITDA Margin | -100.0% | - | 0.18* | 0.18* | 0.18* | 0.18* | 0.19* | 0.19* | 0.20* | 0.20* | 0.21* | 0.21* | 0.22* | 0.22* | 0.21* | 0.21* | 0.21* | 0.21* | 0.20* | 0.20* | 0.19* | 0.18* |
| Interest Expenses | 11.1% | 185 | 167 | 149 | 138 | 134 | 136 | 137 | 136 | 135 | 134 | 136 | 142 | 150 | 158 | 165 | 171 | 174 | 176 | 175 | 176 | 152 |
| Earnings Before Taxes | 6.6% | 845 | 792 | 813 | 833 | 793 | 869 | 896 | 895 | 904 | 924 | 882 | 902 | 878 | 824 | 819 | 810 | 781 | 758 | 741 | 706 | 649 |
| EBT Margin | -100.0% | - | 0.12* | 0.13* | 0.13* | 0.13* | 0.14* | 0.14* | 0.15* | 0.15* | 0.16* | 0.16* | 0.16* | 0.16* | 0.15* | 0.15* | 0.15* | 0.15* | 0.14* | 0.14* | 0.13* | 0.12* |
| Net Income | 5.0% | 700 | 666 | 682 | 694 | 683 | 748 | 755 | 759 | 752 | 765 | 747 | 760 | 746 | 699 | 703 | 703 | 685 | 659 | 933 | 895 | 830 |
| Net Income Margin | -100.0% | - | 0.10* | 0.11* | 0.11* | 0.11* | 0.12* | 0.12* | 0.12* | 0.12* | 0.13* | 0.13* | 0.14* | 0.14* | 0.13* | 0.13* | 0.13* | 0.13* | 0.12* | 0.17* | 0.17* | 0.16* |
| Free Cashflow | -100.0% | - | 457 | 390 | 451 | 487 | 605 | 550 | 518 | 664 | 729 | 816 | 867 | 781 | 701 | 773 | 763 | 737 | 782 | 652 | 715 | 697 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -2.3% | 12,908 | 13,205 | 13,125 | 12,941 | 12,958 | 12,941 | 12,906 | 12,884 | 12,811 | 12,685 | 12,090 | 10,861 | 10,576 | 10,492 | 10,362 | 10,366 | 10,237 | 10,228 | 10,256 | 10,278 | 10,384 |
| Current Assets | -12.7% | 2,104 | 2,411 | 2,387 | 2,413 | 2,325 | 2,239 | 2,196 | 2,161 | 2,053 | 1,955 | 2,084 | 1,760 | 1,616 | 1,524 | 1,550 | 1,589 | 1,473 | 1,428 | 1,480 | 1,474 | 1,564 |
| Cash Equivalents | -64.3% | 127 | 357 | 334 | 344 | 326 | 338 | 352 | 313 | 292 | 256 | 424 | 221 | 185 | 171 | 155 | 163 | 139 | 102 | 97.00 | 73.00 | 203 |
| Inventory | - | - | - | 1,340 | - | - | - | 1,182 | - | - | - | 1,033 | - | - | - | 801 | - | - | - | 786 | - | - |
| Net PPE | 2.0% | 1,250 | 1,225 | 1,198 | 1,139 | 1,136 | 1,136 | 1,140 | 1,114 | 1,113 | 1,071 | 1,028 | 961 | 927 | 936 | 953 | 910 | 917 | 935 | 942 | 961 | 948 |
| Goodwill | 0.1% | 5,235 | 5,230 | 5,213 | 5,210 | 5,300 | 5,333 | 5,336 | 5,380 | 5,429 | 5,397 | 4,986 | 4,574 | 4,484 | 4,497 | 4,505 | 4,497 | 4,511 | 4,539 | 4,528 | 4,553 | 4,577 |
| Liabilities | -4.4% | 7,951 | 8,318 | 8,426 | 8,334 | 8,343 | 8,327 | 8,480 | 8,481 | 8,470 | 8,520 | 8,150 | 6,915 | 6,914 | 6,917 | 6,905 | 6,885 | 6,854 | 6,885 | 7,074 | 7,166 | 7,344 |
| Current Liabilities | -25.1% | 2,487 | 3,321 | 3,432 | 3,140 | 3,133 | 3,077 | 3,224 | 3,161 | 2,381 | 2,424 | 3,047 | 1,954 | 1,582 | 2,072 | 2,154 | 2,030 | 1,860 | 1,829 | 2,002 | 1,855 | 1,847 |
| Short Term Borrowings | -64.7% | 460 | 1,305 | 1,237 | 1,436 | 667 | 637 | 539 | 767 | 457 | 594 | 887 | 168 | 85.00 | 725 | 601 | 684 | 606 | 603 | 560 | 640 | 624 |
| LT Debt, Current | 1.6% | 286 | 281 | 271 | 21.00 | 771 | 771 | 770 | 769 | 268 | 266 | 264 | 264 | 89.00 | 89.00 | 98.00 | 119 | 88.00 | 86.00 | 84.00 | 76.00 | 76.00 |
| LT Debt, Non Current | 13.8% | 4,118 | 3,620 | 3,642 | 3,905 | 3,920 | 3,965 | 3,973 | 3,985 | 4,736 | 4,739 | 3,754 | 3,738 | 4,114 | 3,628 | 3,626 | 3,843 | 3,978 | 4,034 | 4,053 | 4,270 | 4,456 |
| Shareholder's Equity | 1.0% | 4,937 | 4,888 | 4,681 | 4,589 | 4,615 | 4,614 | 4,426 | 4,403 | 4,341 | 4,165 | 3,940 | 3,946 | 3,662 | 3,575 | 3,457 | 3,469 | 3,383 | 3,343 | 3,182 | 3,112 | 3,040 |
| Retained Earnings | 1.2% | 3,191 | 3,155 | 3,023 | 3,048 | 2,934 | 2,922 | 2,782 | 2,780 | 2,661 | 2,574 | 2,416 | 2,391 | 2,289 | 2,180 | 2,056 | 2,020 | 1,919 | 1,878 | 1,760 | 1,724 | 1,632 |
| Accumulated Depreciation | - | - | - | 1,135 | - | - | - | 1,062 | - | - | - | 985 | - | - | - | 867 | 1,120 | 1,103 | 1,116 | 800 | 1,105 | 1,107 |
| Shares Outstanding | 0.1% | 268 | 268 | - | 268 | 268 | 268 | - | 267 | 267 | 267 | - | 267 | 266 | 266 | - | 266 | 265 | 264 | - | 263 | 263 |
| Minority Interest | 13.1% | 20.00 | 18.00 | 19.00 | 17.00 | 17.00 | 17.00 | 15.00 | 17.00 | 16.00 | 15.00 | 14.00 | 13.00 | 12.00 | 13.00 | 13.00 | 12.00 | 12.00 | 12.00 | 11.00 | 10.00 | 12.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 20.9% | 891 | 737 | 652 | 706 | 754 | 878 | 828 | 788 | 915 | 964 | 1,041 | 1,079 | 988 | 888 | 947 | 927 | 901 | 945 | 821 | 901 | 873 |
| Share Based Compensation | 1.5% | 62.00 | 61.00 | 60.00 | 62.00 | 61.00 | 64.00 | 67.00 | 63.00 | 62.00 | 54.00 | 46.00 | 44.00 | 42.00 | 37.00 | 37.00 | 35.00 | 32.00 | 28.00 | 26.00 | 27.00 | 26.00 |
| Cashflow From Investing | -5.5% | -173 | -164 | -146 | -133 | -244 | -197 | -908 | -1,712 | -1,694 | -1,742 | -1,025 | -209 | -202 | -184 | -171 | -149 | -149 | -148 | -158 | -186 | -4,381 |
| Cashflow From Financing | -72.2% | -923 | -536 | -487 | -498 | -437 | -586 | 22.00 | 1,001 | 829 | 827 | 221 | -839 | -735 | -639 | -725 | -677 | -810 | -869 | -751 | -803 | 3,570 |
| Dividend Payments | 1.3% | 408 | 402 | 397 | 388 | 380 | 372 | 363 | 355 | 347 | 339 | 330 | 323 | 316 | 309 | 302 | 295 | 288 | 281 | 273 | 267 | 257 |
| Buy Backs | 17.8% | 49.00 | 42.00 | 39.00 | 40.00 | 29.00 | 26.00 | 9.00 | 13.00 | 39.00 | 37.00 | 47.00 | 74.00 | 64.00 | 96.00 | 95.00 | 111 | 111 | 91.00 | 62.00 | 57.00 | 38.00 |
MKC Income Statement
2023-05-31CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
May 31, 2023 | May 31, 2022 | May 31, 2023 | May 31, 2022 | |
| Net sales | $ 1,659.2 | $ 1,536.8 | $ 3,224.7 | $ 3,059.2 |
| Cost of goods sold | 1,043.7 | 1,013.8 | 2,046.3 | 1,975.8 |
| Gross profit | 615.5 | 523.0 | 1,178.4 | 1,083.4 |
| Selling, general and administrative expense | 380.5 | 349.2 | 716.6 | 682.5 |
| Transaction and integration expenses | 0.0 | 1.5 | 0.0 | 2.2 |
| Special charges | 13.2 | 15.1 | 41.0 | 34.6 |
| Operating income | 221.8 | 157.2 | 420.8 | 364.1 |
| Interest expense | 52.2 | 33.7 | 102.8 | 66.8 |
| Other income, net | 12.5 | 6.3 | 23.6 | 12.5 |
| Income from consolidated operations before income taxes | 182.1 | 129.8 | 341.6 | 309.8 |
| Income tax expense | 40.3 | 21.7 | 74.7 | 56.1 |
| Net income from consolidated operations | 141.8 | 108.1 | 266.9 | 253.7 |
| Income from unconsolidated operations | 10.3 | 10.4 | 24.3 | 19.7 |
| Net income | $ 152.1 | $ 118.5 | $ 291.2 | $ 273.4 |
| Earnings per share - basic (usd per share) | $ 0.57 | $ 0.44 | $ 1.09 | $ 1.02 |
| Earnings per share - diluted (usd per share) | $ 0.56 | $ 0.44 | $ 1.08 | $ 1.01 |
| Average shares outstanding - basic (shares) | 268.4 | 268.3 | 268.3 | 268.1 |
| Average shares outstanding - diluted (shares) | 269.8 | 270.5 | 269.8 | 270.5 |
| Common stock | ||||
| Cash dividends paid per common share (usd per share) | $ 0.39 | $ 0.37 | $ 0.78 | $ 0.74 |
| Cash dividends declared per common share (usd per share) | $ 0.39 | $ 0.37 | $ 0.39 | $ 0.37 |
MKC Balance Sheet
2023-05-31CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions | May 31, 2023 | Nov. 30, 2022 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 127.4 | $ 334.0 |
| Trade accounts receivable, net of allowances | 557.2 | 573.7 |
| Inventories, net | ||
| Finished products | 627.2 | 649.0 |
| Raw materials and work-in-process | 649.0 | 691.1 |
| Total inventory | 1,276.2 | 1,340.1 |
| Prepaid expenses and other current assets | 143.2 | 138.9 |
| Total current assets | 2,104.0 | 2,386.7 |
| Property, plant and equipment, net | 1,249.6 | 1,198.0 |
| Goodwill | 5,235.4 | 5,212.9 |
| Intangible assets, net | 3,371.9 | 3,387.9 |
| Other long-term assets | 947.3 | 939.4 |
| Total assets | 12,908.2 | 13,124.9 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Short-term borrowings | 460.2 | 1,236.7 |
| Current portion of long-term debt | 285.7 | 270.6 |
| Trade accounts payable | 1,100.0 | 1,171.0 |
| Other accrued liabilities | 641.2 | 754.1 |
| Total current liabilities | 2,487.1 | 3,432.4 |
| Long-term debt | 4,117.6 | 3,642.3 |
| Deferred taxes | 862.5 | 866.3 |
| Other long-term liabilities | 484.1 | 484.7 |
| Total liabilities | 7,951.3 | 8,425.7 |
| Shareholders’ equity | ||
| Retained earnings | 3,191.4 | 3,022.5 |
| Accumulated other comprehensive loss | (431.5) | (480.6) |
| Total McCormick shareholders' equity | 4,937.0 | 4,680.5 |
| Non-controlling interests | 19.9 | 18.7 |
| Total shareholders’ equity | 4,956.9 | 4,699.2 |
| Total liabilities and shareholders’ equity | 12,908.2 | 13,124.9 |
| Common stock | ||
| Shareholders’ equity | ||
| Common stock | 586.1 | 568.6 |
| Common stock non-voting | ||
| Shareholders’ equity | ||
| Common stock | $ 1,591.0 | $ 1,570.0 |
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.