McCormick & Company held an Investor Day on October 22, 2024, where it reaffirmed its 2024 outlook, anticipating achieving the mid to high-end of its projected net sales growth range and the high-end of its adjusted earnings per share range.
The company provided long-term growth objectives, targeting a compounded annual growth rate of 4% to 6% for net sales, 7% to 9% for operating income, and 9% to 11% for earnings per share by 2028, excluding acquisitions. This signals confidence in its strategic plans.
McCormick expects to reach at least $8 billion in annual net sales by 2028, driven by continued momentum and prioritized investments. The company anticipates volume growth in line with its organic long-term objectives, alongside margin improvement and profitability growth rates closer to its long-term targets in 2025.
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