McCormick & (MKC) Revenue — Quarter Ended May 31, 2023
Revenue increased compared to the preceding quarter and the same quarter one year earlier. The company reported higher net sales in the latest period.
Key takeaway
Quarter ended May 31, 2023 · FY2023 Q2
Revenue increased compared to the preceding quarter and the same quarter one year earlier. The company reported higher net sales in the latest period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
+6.0%
Change from the immediately preceding quarter.
Year-over-year
+8.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.5B
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 |
|---|---|---|
| Aug 31, 2022 | $1.6B | +3.0% |
| Nov 30, 2022 | $1.7B | -2.0% |
| Feb 28, 2023 | $1.6B | +2.8% |
| May 31, 2023 | $1.7B | +8.0% |
Revenue performance
The reported revenue direction was upward, with net sales rising from the prior quarter and from the comparable quarter last year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased. Compared with the same quarter one year earlier, revenue also increased.
What to watch
Revenue growth was sustained relative to both the prior quarter and the prior-year period, consistent with the recent trend of alternating sequential changes.