Dossier
McCormick & Co.
Coverage of McCormick & Co. in the Nexus archive.
- Trump has created a ‘trickle up’ tariff economy that means U.S. companies aren’t done hiking consumer prices over import taxes
President Trump's tariff policy has led to ongoing price increases by U.S. companies, with 47% of service firms and 44% of manufacturers planning hikes. Businesses are using a 'trickle up' strategy to gradually raise prices, avoiding immediate consumer backlash. The New York Fed notes that 90% of tariff costs are borne by U.S. companies and consumers, contradicting Trump's claims that exporters would cover the costs.
- McCormick: Fiscal Q2 Earnings Snapshot
McCormick & Co. reported fiscal Q2 net income of $150.1 million with adjusted earnings of 80 cents per share, exceeding Wall Street expectations. The company also posted $1.94 billion in revenue and revised its full-year earnings forecast to $3.05-$3.13 per share.