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Mccormick and Co Inc  (MKC)
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Mccormick And Co Inc's Effective Tax Rate by quarter

Trends, Rankings, Statistics



MKC Effective Tax Rate (Feb 28 2021)
I. Quarter
(Nov 30 2020)
IV. Quarter
(Aug 31 2020)
III. Quarter
(May 31 2020)
II. Quarter
(Feb 29 2020)
I. Quarter
Y / Y Pre-Tax Income Change 25.97 % -7.65 % 11.09 % 31.45 % 2.75 %
Y / Y Income taxes expenses / -benefit Change 94.68 % -13.4 % 27.45 % 25.86 % 36.2 %
Effective Tax Rate 28.3 % 23.22 % 19.27 % 17.87 % 18.31 %
Effective Tax Rate Total Ranking # 1816 # 1178 # 755 # 502 # 583
Seq. Pre-Tax Income Change -16.36 % 1.73 % 7.65 % 37.53 % -38.68 %
Seq. Income taxes expenses / -benefit Change 1.91 % 22.6 % 16.09 % 34.22 % -54.67 %


Commenting First Quarter 2021 Effective Tax Rate
Company's effective tax rate in I. Quarter increased compare to previous quarter to 28.3 %, above company's average Effective Tax Rate.

Looking into I. Quarter results within Food Processing industry 39 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from 1178 to 1816.

MKC's Effective Tax Rate first quarter 2021 Company Ranking
Within: No.
Food Processing Industry # 40
Consumer Non Cyclical Sector # 68
Overall # 1816

MKC's Effective Tax Rate Statistics
High Average Low
33.81 % 26.81 % 13.11 %
(May 31. 2005)   (Aug 31 2018)



Financial Statements
Mccormick And Co Inc's (Feb 28 2021) Income taxes expenses / -benefit $ 59 MKC's Income Statement
Mccormick And Co Inc's (Feb 29 2020) Income taxes expenses / -benefit $ 30 Quarterly MKC's Growth
MKC's Profits by Division See MKC's Profits by Segment

Other Effective Tax Rate Profitability Ratios
MKC's Cumulative Effective Tax Rate
Food Processing Industry Effective Tax Rate Trends and Statistics
Consumer Non Cyclical Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
MKC's Effective Tax Rate Profitability versus Food Processing Industry, Consumer Non Cyclical Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for MKC's Competitors
Effective Tax Rate Profit Margin for Mccormick And Co Inc's Suppliers
Effective Tax Rate Profit Margin for MKC's Customers

You may also want to know
MKC's Annual Growth Rates MKC's Profitability Ratios MKC's Asset Turnover Ratio MKC's Dividend Growth
MKC's Roe MKC's Valuation Ratios MKC's Financial Strength Ratios MKC's Income taxes expenses / -benefit Growth
MKC's Roa MKC's Inventory Turnover Ratio MKC's Growth Rates MKC's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Feb 28 2021, within Food Processing Industry Effective Tax RateFeb 28 2021 MRQ Income taxes expenses / -benefitFeb 28 2021 MRQ Pre-Tax Income
Lifeway Foods Inc   31.23 %$ 0.593 $ 1.899 
Tofutti Brands Inc  31.03 %$ 0.036 $ 0.116 
Mccormick and Co Inc  28.30 %$ 58.600 $ 207.100 
Mamamancinis Holdings Inc   28.19 %$ 0.248 $ 0.879 
Conagra Brands Inc   28.08 %$ 101.600 $ 361.800 
The Simply Good Foods Company  27.67 %$ 7.313 $ 26.433 
Hostess Brands inc   27.24 %$ 10.009 $ 36.741 
Pilgrim s Pride Corporation  26.03 %$ 35.358 $ 135.826 
Sanfilippo John B and Son Inc  25.67 %$ 5.078 $ 19.779 
The Hain Celestial Group Inc   25.66 %$ 11.797 $ 45.981 
B and g Foods inc   25.55 %$ 9.223 $ 36.101 
Flowers Foods Inc  24.48 %$ 23.231 $ 94.886 
Tootsie Roll Industries Inc  24.34 %$ 3.463 $ 14.226 
Campbell Soup Co  24.20 %$ 53.000 $ 219.000 
Alterola Biotech Inc   24.10 %$ 2.997 $ 12.435 
Dow Inc   23.96 %$ 317.000 $ 1,323.000 
The J M Smucker Company  23.95 %$ 46.300 $ 193.300 
Sanderson Farms Inc  23.70 %$ 30.104 $ 127.015 
Tyson Foods Inc   23.56 %$ 147.000 $ 624.000 
Seneca Foods Corporation  23.03 %$ 4.437 $ 19.266 
Lamb Weston Holdings Inc   22.86 %$ 16.300 $ 71.300 
Hershey Co  22.82 %$ 117.323 $ 514.194 
Lancaster Colony Corporation  22.62 %$ 8.447 $ 37.344 
Kellogg Company  22.61 %$ 109.000 $ 482.000 
J and j Snack Foods Corp  22.42 %$ 1.752 $ 7.813 
Medifast Inc   22.29 %$ 11.778 $ 52.841 
Hormel Foods Corporation  22.11 %$ 64.699 $ 292.620 
General Mills Inc   21.49 %$ 162.000 $ 754.000 
Post Holdings Inc   20.03 %$ 29.500 $ 147.300 
Kraft Heinz Co  19.32 %$ 136.000 $ 704.000 


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