McCormick (MKC) Surpasses Q3 Earnings and Revenue Estimates

McCormick reported Q3 earnings of $0.86 per share, beating consensus estimates of $0.75, with revenues of $2.02 billion exceeding expectations. However, the stock carries a Zacks Rank #4 (Sell) rating due to unfavorable estimate revisions and has underperformed the market by 31.9% year-to-date. Mondelez is expected to report Q3 earnings of $0.71 per share with revenues of $9.97 billion.