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McCormick (McCormick) Tax Rate % : 25.53% (As of Feb. 2024)


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What is McCormick Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. McCormick's Tax Expense for the three months ended in Feb. 2024 was $50 Mil. McCormick's Pre-Tax Income for the three months ended in Feb. 2024 was $194 Mil. Therefore, McCormick's Tax Rate % for the quarter that ended in Feb. 2024 was 25.53%.

McCormick Tax Rate % Historical Data

The historical data trend for McCormick's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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McCormick Tax Rate % Chart

McCormick Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.21 19.84 21.51 20.74 21.85

McCormick Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.57 22.13 21.41 22.16 25.53

McCormick Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

McCormick's Tax Rate % for the fiscal year that ended in Nov. 2023 is calculated as

Tax Rate %=Tax Expense (A: Nov. 2023 )/Pre-Tax Income (A: Nov. 2023 )
=174.5/798.7
=21.85 %

McCormick's Tax Rate % for the quarter that ended in Feb. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Feb. 2024 )/Pre-Tax Income (Q: Feb. 2024 )
=49.6/194.3
=25.53 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

McCormick Tax Rate % Related Terms

Thank you for viewing the detailed overview of McCormick's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

McCormick (McCormick) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » McCormick & Co Inc (NYSE:MKC) » Definitions » Tax Rate %
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Traded in Other Exchanges
MKC.V:USA MCX0:Germany MCX:Germany MCX:Germany M1KC34:Brazil MKC:Austria
Address
24 Schilling Road, Suite 1, Hunt Valley, MD, USA, 21031
Website
https://www.mccormickcorporation.com
In its more-than 130-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond end consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is global, with nearly 40% of sales generated beyond its home turf to include 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and the Cholula brand.
Executives
Jeffery D Schwartz officer: Vice President, Gen Counsel 18 LOVETON CIRCLE, SPARKS MD 21152
Michael D Mangan director 2041 ISLA VISTA LANE, NAPLES FL 34105
Jacques Tapiero director MCCORMICK & COMPANY, INC., SPARKS MD 21152
Andrew Foust officer: President, Americas 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Ana Sanchez officer: President EMEA 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Katherine Jenkins officer: C.S.O. & SVP Investor Relation 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Lawrence Erik Kurzius director, officer: Chairman, President & CEO 18 LOVETON CIRCLE, SPARKS MD 21152
Sarah Piper officer: Chief Human Relations Officer 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Brendan M Foley officer: President Global Consumer 18 LOVETON CIRCLE, SPARKS MD 21152
Preston Margaret M V director MERCANTILE-SAFE DEPOSIT & TRUST CO, 2 HOPKINS PLZ, BALTIMORE MD 21201
Michael R Smith officer: Executive VP & CFO 18 LOVETON CIRCLE, SPARKS MD 21152
Patricia A Little director 999 W BIG BEAVER ROAD, TROY MI 48084
Malcolm Swift officer: President Global Industrial & 18 LOVETON CIRCLE, SPARKS MD 21152
Lisa Manzone officer: Sr. VP Global Human Relations 18 LOVETON CIRCLE, SPARKS MD 21152
Maritza Gomez Montiel director C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014