Growth ProspectsMKC is one of the companies most at-risk of missing long-term organic growth targets over the next 3 years; U.S. retail stacked volumes have consistently been down, with positive inflection timing uncertain.
Market Share And CompetitionMKC is still losing market share, with U.S. tracked channel volumes down; price gaps remain wide compared to private label/other branded alternatives.
Valuation ConcernsSell rated on the shares, largely on valuation; despite the positive quarterly results, the stock's premium valuation suggests limited upside potential, maintaining a Sell rating.