Reported 9 months ago
McCormick's CEO Brendan Foley discusses the company's strong second quarter results, attributing the success to increased demand for spices and seasonings in Europe, the Middle East, and Africa. Foley highlights the trend of value-seeking behavior among consumers and how McCormick can leverage this by offering quality products at reasonable prices. He notes the shift towards more perimeter shopping and reduced dining out, creating a market opportunity for spices and seasonings as consumers seek flavorful options for home-cooked meals.
Source: YAHOO