McCormick & Co. (MKC) Tops Q1 EPS by 1c; Guides FY17 In-Line

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Go back to McCormick & Co. (MKC) Tops Q1 EPS by 1c; Guides FY17 In-Line

McCormick Reports On First Quarter Results And Latest Financial Outlook

March 28, 2017 6:30 AM EDT

SPARKS, Md., March 28, 2017 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the first quarter ended February 28, 2017 and provided its latest financial outlook for fiscal year 2017.

Sales rose 1% in the first quarter from the year-ago period.  In constant currency, the company grew sales 4%, with increases in both the consumer and industrial segments. McCormick increased gross profit margin to 39.6% from 39.3% in the first quarter of 2016.  Operating income was $134 million in the first quarter compared to $129 million in the year-ago... More