| Market Capitalization (Millions $) |
14,020 |
| Shares
Outstanding (Millions) |
269 |
| Employees |
14,100 |
| Revenues (TTM) (Millions $) |
7,386 |
| Net Income (TTM) (Millions $) |
1,635 |
| Cash Flow (TTM) (Millions $) |
54 |
| Capital Exp. (TTM) (Millions $) |
212 |
Business Description
McCormick & Company, Incorporated Business Overview
McCormick & Company is a prominent diversified specialty food company and a global leader in the manufacture, marketing, and distribution of spices, herbs, seasonings, and flavorings across the food industry. Established in 1915 in Maryland, it traces its roots back to a business founded in 1889.
The company operates in two main business segments:
1. Consumer Segment: This segment markets a wide range of products to the consumer food market, including spices, herbs, extracts, seasoning blends, sauces, marinades, and specialty foods. McCormick uses various brand names, such as McCormick,atarainsin the U.S. Ducrosin continental Europe, Club Housein Canada, and Schwartzin the U.K.
2. Industrial Segment: In this segment, McCormick provides spices, blended seasonings, condiments, coatings, and compound flavors to food processors, restaurants, distributors, warehouse clubs, and institutional operations.
Key raw materials for McCormick include vanilla, cheese, pepper, garlic, onion, and various packaging supplies. A significant portion of black pepper, vanilla beans, and other spices and herbs is sourced internationally.
McCormicks products are distributed through multiple channels: directly to consumers via grocery stores, drug stores, dollar stores, and mass merchandise outlets, as well as through brokers, wholesalers, and distributors. In the industrial segment, products are used by food and beverage manufacturers as ingredients for end products, and they are also provided to the food service sector to enhance the flavor of prepared foods.
The company boasts a diverse customer base that spans both consumer and industrial markets. McCormick holds several trademark registrations, with the most significant being McCormick,atarains,Schwartz,Club House,and Ducros.While the loss of some trademarks could affect the business, the McCormicktrademark is particularly crucial, as it is widely used for nearly all of the companys food products globally.
Competitively, McCormick & Company faces a dynamic international market, reflecting both a high level of competition and a robust demand for diverse flavoring solutions.
Company Address: 24 Schilling Road, Suite 1, Hunt Valley, 21031 MD
Company Phone Number: 771-7301 Stock Exchange / Ticker: NYSE MKC
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1.19% 
118.13 %