McCormick & (MKC) Revenue — Quarter Ended Feb 29, 2024
Revenue in the most recent quarter declined compared to the immediately preceding quarter. However, it increased relative to the same quarter one year earlier.
Key takeaway
Quarter ended Feb 29, 2024 · FY2024 Q1
Revenue in the most recent quarter declined compared to the immediately preceding quarter. However, it increased relative to the same quarter one year earlier.
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
-8.6%
Change from the immediately preceding quarter.
Year-over-year
+2.4%
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 |
|---|---|---|
| May 31, 2023 | $1.7B | +8.0% |
| Aug 31, 2023 | $1.7B | +5.6% |
| Nov 30, 2023 | $1.8B | +3.4% |
| Feb 29, 2024 | $1.6B | +2.4% |
Revenue performance
The company's revenue performance was mixed, with a sequential decrease but a year-over-year increase.
Quarterly comparison
Compared to the prior quarter, revenue was lower. Versus the same period last year, revenue was higher.
What to watch
The sequential decline in revenue may be a point to monitor in future quarters.