Wednesday, December 6, 2023 |
Baltimore
41°
Cloudy
FOLLOW US:

McCormick misses the mark at year end as supply chain problems, inflation persist

January 27, 2023

A confluence of supply chain issues, continued Covid-19 disruptions and inflation took a toll on McCormick & Co. Inc. at year end as the Hunt Valley spice and seasonings manufacturer maker struggled to get its products to customers and missed financial targets. After a strong third quarter, McCormick (NYSE:MKC) reported Thursday that it ended the year with decreases in sales and profits.

Article Source: Baltimore Business Journal

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.