McCormick CEO: Consumers want value, but won't sacrifice flavor

McCormick CEO Brendan Foley discusses the company's outlook with Yahoo Finance's Brian Sozzi. Foley highlights McCormick's focus on flavor, not calorie competition, and its growth strategies amidst changing consumer shopping habits. He notes consumers are prioritizing value but not sacrificing flavor, leading McCormick to offer a broad product range and larger package sizes. The conversation also touches upon the competitive hot sauce market, McCormick's innovation efforts, potential acquisitions, the introduction of new products like an extra-hot Cholula and finishing sugars, and the ongoing impact of inflation.