McCormick Reports Strong Sales And Profit Growth In Second Quarter
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McCormick & Co. (MKC) Tops Q2 EPS by 6c, Offers FY Guidance
June 29, 2017 6:31 AM EDTMcCormick & Co. (NYSE: MKC) reported Q2 EPS of $0.82, $0.06 better than the analyst estimate of $0.76. Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.1 billion.
GUIDANCE:
McCormick & Co. sees FY2017 EPS of $4.05-$4.13, versus the consensus of $4.07.
For the 2017 fiscal year, McCormick updated its financial outlook to reflect a lower impact from unfavorable foreign currency exchange rates on net sales and a higher impact of special charges. Excluding this impact, the company reaffirmed its expected constant currency growth rates for sales, adjusted operating income and... More