Reported about 1 month ago
During McCormick's recent investor day, CEO Brendan Foley emphasized that while consumers desire value, they are unwilling to compromise on flavor. He noted that increased grocery spending on protein and produce supports the company's growth, and highlighted their strategy of maintaining a broad product range across various price points to meet diverse consumer needs. Foley also addressed shrinkflation, asserting that McCormick has avoided reducing product sizes, focusing instead on understanding consumer preferences and preparing for new product launches.
Source: YAHOO