— McCormick & Company Incorporated (NYSE: MKC) reported Q1 2020 earnings of $1.08 per share, vs. $1.03 expected.
— Sales fell 2% to $1.21 billion, vs. $1.23 billion expected.
— Consumer segment sales dropped 6% year-over-year to $699.5 million.
— Flavor Solutions segment sales grew 5% to $512.5 million.
— McCormick withdrew its FY2020 guidance due to the COVID-19 outbreak. The company expects to resume its guidance at the time of its Q2 results in June.
— MKC shares were up slightly in premarket hours on Tuesday.
Most Popular
Walt Disney (DIS): After a tough FY20, the pandemic is likely to take a toll on operations next year too
The Walt Disney Company (NYSE: DIS) had a tough time in fiscal year 2020 with the COVID-19 pandemic bringing its operations to a standstill like never before. The company incurred
Earnings reports to watch for the week of Nov. 30
The recent optimism about economic recovery waned slightly this week after jobless claims increased more-than-expected to about 778,000 amid concerns over a resurgence in coronavirus cases. With the healthcare system
Yunji Inc. (YJ) Q3 2020 Earnings Call Transcript
Yunji Inc. (NASDAQ: YJ) Q3 2020 earnings call dated Nov. 26, 2020 Corporate Participants: Kaye Liu -- Investor Relations Director Shanglue Xiao -- Chairman of the Board of Directors and Chief Executive Officer Chen