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McCormick & Company Sales Soar (BBJ Story)

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Baltimore Business Journal
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McCormick & Co. Inc. continues to see sales soar during the Covid-19 pandemic, but some analysts on Wall Street are questioning how long it will last. 

For the second consecutive quarter Hunt Valley-based McCormick reported significant sales growth driven by higher demand. With customers flocking to grocery stores to stock up their pantries during the pandemic, the spice maker saw consumer-side sales increase 15% in its fiscal third quarter. Overall sales for the company increased 8%. Following a 26% increase in consumer sales in the second quarter as well, McCormick executives said they believe the at-home cooking trend is here to stay. Proprietary consumer survey data collected by the company shows consumers are cooking more from scratch and enjoying the cooking experience.

READ THE FULL STORY ON THE BBJ WEBSITE.

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