Shares of McCormick (NYSE:MKC) fell as the company reported disappointing second-quarter earnings. Most of the company's failure this quarter came from a low demand for its products. The spice maker predicts that third-quarter earnings will also decrease due to weak industrial demand.
In this installment of Stock of the Day, Motley Fool analyst Jason Moser explains the company's losses, the challenges McCormick is facing with China, and his thoughts about the stock.
Chris Hill has no position in any stocks mentioned. Jason Moser has no position in any stocks mentioned. The Motley Fool recommends McCormick. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.