McCormick & (MKC) Revenue — Quarter Ended Aug 31, 2023
Revenue increased sequentially and also rose compared to the same period last year. The year-over-year improvement was more substantial than the quarter-over-quarter change.
Key takeaway
Quarter ended Aug 31, 2023 · FY2023 Q3
Revenue increased sequentially and also rose compared to the same period last year. The year-over-year improvement was more substantial than the quarter-over-quarter change.
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
+1.5%
Change from the immediately preceding quarter.
Year-over-year
+5.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.6B
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 |
|---|---|---|
| Nov 30, 2022 | $1.7B | -2.0% |
| Feb 28, 2023 | $1.6B | +2.8% |
| May 31, 2023 | $1.7B | +8.0% |
| Aug 31, 2023 | $1.7B | +5.6% |
Revenue performance
The company's net sales grew from the prior quarter, extending an upward trend over the past several quarters.
Quarterly comparison
Year-over-year, revenue was higher, with the rate of growth exceeding that of the sequential comparison.
What to watch
The sequential growth rate was relatively modest; future quarters may test whether this pace can be maintained.