McCormick & Co. (MKC) Tops Q2 EPS by 6c, Offers FY Guidance
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McCormick Reports Strong Sales And Profit Growth In Second Quarter
June 29, 2017 6:30 AM EDTSPARKS, Md., June 29, 2017 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2017 and provided its latest financial outlook for fiscal year 2017.
Sales rose 5% in the second quarter from the year-ago period. In constant currency, the company grew sales 7%, with increases in both the consumer and industrial segments. Operating income was $133 million in the second quarter compared to $125 million in the year-ago period. Adjusted operating income was $137 million, a 7% increase from $129... More