Why McCormick Stock Gained 12% Last Month
Shares of spice specialist McCormick & Company (NYSE: MKC) gained 12% in March, according to data provided by S&P Global Market Intelligence. McCormick stock performed in line with the S&P 500 until it reported financial results for the first quarter of its fiscal 2023 on March 28. Year-over-year sales growth of 3% in the quarter was better than Wall Street had expected.