McCormick & Company IncorporatedOrganic growth largely price-driven; addition of McCormick de Mexico benefits sales.
On Thursday, June 25, investors will watch quarterly results from Darden Restaurants, McCormick, and BlackBerry, along with the release of the Personal Consumption Expenditures index, the Federal Reserve's preferred inflation gauge. Economists forecast the PCE ticked up slightly on a month-over-month basis. Darden is expected to report same-store sales growth driven by menu pricing, marketing initiatives, and steady traffic at Olive Garden and Longhorn Steakhouse. McCormick's sales are anticipated to benefit from the addition of McCormick de Mexico, while organic growth remains largely price-driven, and investors will listen for commentary on the planned combination with Unilever's food business. BlackBerry's first-quarter results will be scrutinized for signs of improving profitability and positive cash flow, with attention on management's outlook and whether software growth can offset weakness in other segments.
McCormick & Company IncorporatedOrganic growth largely price-driven; addition of McCormick de Mexico benefits sales.
Mentioned only as part of planned combination with McCormick's food business.
Unilever PLC
Darden Restaurants IncExpected same-store sales growth driven by menu pricing and marketing initiatives.
BlackBerry LtdResults scrutinized for profitability and cash flow; software growth vs weakness in other segments.