Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>McCormick & Company (MKC) exhibited mixed results in its Q4 2023 results.</li><li>While the company's sales increased by 3%, including a favorable 1% impact from currency changes, the top line results did not meet expectations due to volume trends decelerating relative to the third quarter.</li><li>Consumer behavior changes, with increased value-seeking behavior, reduced shopping baskets, and just-in-time purchases caused the deceleration.</li></ul>

McCormick & Company (MKC) exhibited mixed results in its Q4 2023 results.While the company's sales increased by 3%, including a favorable 1% impact from currency changes, the top line results did not meet expectations due to volume trends decelerating relative to the third quarter.Consumer behavior changes, with increased value-seeking behavior, reduced shopping baskets, and just-in-time purchases caused the deceleration.

McCormick & Co: Can The Gradual Recovery in China & Exiting Low Margin Businesses Save The Day? - Major Drivers

<ul><li>During the recent quarter, McCormick showcased mediocre performance with below-par revenues and on-par earnings.</li><li>In terms of highlights, the company reported constant currency sales growth and noted an improvement in volume performance, excluding China, throughout the year.</li><li>In the Flavor Solutions segment, McCormick continued its exceptional growth momentum, with the third quarter marking its tenth consecutive quarter of double-digit constant currency sales growth.</li></ul>

During the recent quarter, McCormick showcased mediocre performance with below-par revenues and on-par earnings.In terms of highlights, the company reported constant currency sales growth and noted an improvement in volume performance, excluding China, throughout the year.In the Flavor Solutions segment, McCormick continued its exceptional growth momentum, with the third quarter marking its tenth consecutive quarter of double-digit constant currency sales growth.

McCormick & Company: A Deep Dive Into Their Double-Digit Sales Growth Streak! - Major Drivers

<ul><li>McCormick managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.</li><li>The company's sales performance reflects the strength of its diverse worldwide portfolio as well as the successful implementation of its strategy.</li><li>Additionally, McCormick is extending into the quickly developing Mexican aisle with Cholula's true Mexican flavor in new formats.</li></ul>

McCormick managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.The company's sales performance reflects the strength of its diverse worldwide portfolio as well as the successful implementation of its strategy.Additionally, McCormick is extending into the quickly developing Mexican aisle with Cholula's true Mexican flavor in new formats.

McCormick & Company: A Spicy Investment Opportunity? – Key Drivers

<ul><li>McCormick delivered a disappointing result, failing to meet the analyst consensus with respect to revenues as well as earnings.</li><li>The management claims that it is seeing an improved momentum given the changing consumer consumption patterns, Flavor Solutions demand, and steady service levels and supply.</li><li>In Q4, their sales growth was decent in the Flavor Solutions area and kept up momentum across all geographies.</li></ul>

McCormick delivered a disappointing result, failing to meet the analyst consensus with respect to revenues as well as earnings.The management claims that it is seeing an improved momentum given the changing consumer consumption patterns, Flavor Solutions demand, and steady service levels and supply.In Q4, their sales growth was decent in the Flavor Solutions area and kept up momentum across all geographies.

<ul><li>McCormick had a disappointing quarter with a 3% top-line growth from the same quarter last year, just on par with expectations.</li><li>The management remains focused on managing inventory levels and removing inefficiencies across the supply chain.</li><li>High meat prices had an influence on grilling-related items compared to last year, although grilling is remains popular compared to pre=pandemic levels.</li></ul>

McCormick had a disappointing quarter with a 3% top-line growth from the same quarter last year, just on par with expectations.The management remains focused on managing inventory levels and removing inefficiencies across the supply chain.High meat prices had an influence on grilling-related items compared to last year, although grilling is remains popular compared to pre=pandemic levels.

United States

McCormick & Company, Inc. manufactures, markets, and distributes flavor products (including spices, herbs, extracts, seasonings and flavorings) and other specialty food products to the food industry. The Company sells to retail stores, food manufacturers, and food service businesses.

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McCormick & Company (MKC US)

McCormick & Co: Can The Gradual Recovery in China & Exiting Low Margin Businesses Save The Day? - Major Drivers

McCormick & Company (MKC) exhibited mixed results in its Q4 2023 results. While the company's sales increased by 3%, including a favorable 1%...

Baptista Research

McCormick & Company: A Deep Dive Into Their Double-Digit Sales Growth Streak! - Major Drivers

During the recent quarter, McCormick showcased mediocre performance with below-par revenues and on-par earnings. In terms of highlights, the...

Baptista Research

McCormick & Company: A Spicy Investment Opportunity? – Key Drivers

McCormick managed to exceed the revenue expectations as well as the earnings expectations of Wall Street. The company's sales performance reflects...

Baptista Research

McCormick & Co: Major Drivers

McCormick delivered a disappointing result, failing to meet the analyst consensus with respect to revenues as well as earnings. The management...

Baptista Research

McCormick & Co.: Major Drivers

McCormick had a disappointing quarter with a 3% top-line growth from the same quarter last year, just on par with expectations. The management...

Baptista Research

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