McCormick & (MKC) Revenue — Quarter Ended May 31, 2024
Revenue for the quarter decreased compared to the same period last year. The decline follows a pattern of slowing growth from prior quarters.
Key takeaway
Quarter ended May 31, 2024 · FY2024 Q2
Revenue for the quarter decreased compared to the same period last year. The decline follows a pattern of slowing growth from prior quarters.
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
+2.5%
Change from the immediately preceding quarter.
Year-over-year
-1.0%
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 |
|---|---|---|
| Aug 31, 2023 | $1.7B | +5.6% |
| Nov 30, 2023 | $1.8B | +3.4% |
| Feb 29, 2024 | $1.6B | +2.4% |
| May 31, 2024 | $1.6B | -1.0% |
Revenue performance
Reported revenue declined from the same quarter one year earlier, marking a reversal from the prior quarter's sequential increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower, while the year-ago comparison also showed a decrease. The sequential decline contrasts with the prior quarter's growth.
What to watch
The revenue trend shows a deceleration from positive growth in earlier quarters to a year-over-year decline in the current period.