McCormick & Co Inc - Company Profile
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Business Description
McCormick & Co Inc (McCormick) manufactures spices, seasoning mixes, condiments, and flavored products, and markets and distributes them to the food industry.
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R&D Overview
McCormick's R&D arm focuses on various product development initiatives as part of its R&D activities. As of November 2022, the company had 20 technical innovation centers around the world. In FY2022, the company incurred expenses of US$87.5 million on R&D, which as a percentage of revenue, stood at 1.3%.
Business Segments
Overview
Manufactures and markets spices, herbs, seasoning blends and dessert items to retail outlets including grocery stores, warehouse clubs, mass merchandisers, discount and drug stores, and e-commerce retailers worldwide.
Performance
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Overview
Serves a wide range of customers from food to multinational manufacturers and foodservice customers. Supplies branded, packaged products both directly and indirectly through distributors to foodservice customers. Supplies customized flavor solutions to food manufacturers and foodservice customers.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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