McCormick & (MKC) Revenue — Quarter Ended Nov 30, 2023
McCormick's revenue increased in the fourth quarter, continuing the upward trend seen throughout the year. The growth was supported by both sequential and year-over-year improvements.
Key takeaway
Quarter ended Nov 30, 2023 · FY2023 Q4
McCormick's revenue increased in the fourth quarter, continuing the upward trend seen throughout the year. The growth was supported by both sequential and year-over-year improvements.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
+4.0%
Change from the immediately preceding quarter.
Year-over-year
+3.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.7B
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 |
|---|---|---|
| Feb 28, 2023 | $1.6B | +2.8% |
| May 31, 2023 | $1.7B | +8.0% |
| Aug 31, 2023 | $1.7B | +5.6% |
| Nov 30, 2023 | $1.8B | +3.4% |
Revenue performance
The company reported higher revenue for the quarter compared to the prior quarter, as well as compared to the same period last year.
Quarterly comparison
Revenue grew from the immediately preceding quarter and also from the same quarter one year earlier, reflecting sustained demand.
What to watch
Monitor how the company navigates competitive pressures and regulatory changes across its global markets.