McCormick Stock Tanks After Q3 Earnings Beat, Higher Tariffs Impact Outlook
1. MKC reported third-quarter earnings beat of 85 cents per share. 2. 2025 earnings outlook lowered due to higher tariff-related costs. 3. Tariff exposure increased to ~$140 million, affecting future earnings. 4. Analyst maintains Buy rating with a target price of $96. 5. Shares declined 3.10% to $66.17 at publication.