COVID-19 pandemic means we will be cooking from home for a very long time
The cooking from home surge that has commenced this year due to COVID-19 is likely here to stay for some time, thinks the chairman and CEO of spice maker McCormick.
“All aspects of cooking at home continue to be strong. Consumers are still concerned about their health. Many of the food service venues are closed and headlines we’re seeing is all about the resurgence of the virus. People will be cooking at home for a very long time. This isn’t bad news for them,” said Lawrence Kurzius on Yahoo Finance’s The First Trade. “McCormick has gained market share. People are coming back more. All of that says consumers are trying our brands and like them enough to buy them again. And clearly they are having a good experience. For many, it will be a new habit.”
McCormick is days removed from its fiscal second quarter earnings, which underscored Kurzius’