McCormick & (MKC) Revenue — Quarter Ended Feb 28, 2023
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease reflects a typical seasonal pattern, while the year-over-year gain indicates underlying demand growth.
Key takeaway
Quarter ended Feb 28, 2023 · FY2023 Q1
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease reflects a typical seasonal pattern, while the year-over-year gain indicates underlying demand growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
-7.7%
Change from the immediately preceding quarter.
Year-over-year
+2.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 31, 2022 | $1.5B | -1.3% |
| Aug 31, 2022 | $1.6B | +3.0% |
| Nov 30, 2022 | $1.7B | -2.0% |
| Feb 28, 2023 | $1.6B | +2.8% |
Revenue performance
Reported revenue decreased from the immediately preceding quarter, marking a sequential contraction. However, compared with the same quarter one year earlier, revenue increased.
Quarterly comparison
The current quarter's revenue is lower than the prior quarter's level but higher than the year-ago quarter's figure. This pattern contrasts with the prior quarter's sequential decline and the year-ago quarter's growth rate.
What to watch
Monitor whether the sequential revenue decline persists in the coming quarter or reverses to growth.