McCormick & (MKC) Revenue — Quarter Ended Aug 31, 2024
Revenue for the quarter declined slightly compared to the same period last year, but recovered from the prior quarter. The sequential improvement suggests a potential stabilization after earlier declines.
Key takeaway
Quarter ended Aug 31, 2024 · FY2024 Q3
Revenue for the quarter declined slightly compared to the same period last year, but recovered from the prior quarter. The sequential improvement suggests a potential stabilization after earlier declines.
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
+2.2%
Change from the immediately preceding quarter.
Year-over-year
-0.3%
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 |
|---|---|---|
| Nov 30, 2023 | $1.8B | +3.4% |
| Feb 29, 2024 | $1.6B | +2.4% |
| May 31, 2024 | $1.6B | -1.0% |
| Aug 31, 2024 | $1.7B | -0.3% |
Revenue performance
The reported revenue decreased marginally year over year, marking a continuation of the softer trend from the previous quarter. However, the quarter-over-quarter rebound indicates some resilience.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased, reversing the prior sequential decline. Versus the same quarter one year ago, revenue was slightly lower.
What to watch
Monitor whether this sequential recovery can be sustained in the coming quarters.