For McCormick investors, this campaign lands at a time when NYSE:MKC trades around $47.8 and longer term returns have been weak, with the stock down 29.0% year to date and down 30.8% over the past year. The partnership adds a fresh marketing angle for French's that differs from the Old Bay focused limited editions that have received more attention recently.
Looking ahead, the key question is how effectively this movie tie in can translate fan interest into incremental sales and brand engagement for French's. Investors may want to watch for signs of retailer uptake, repeat promotions and any commentary from McCormick on consumer response as the film and campaign run their course.
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