McCormick Reports Strong Sales And Profit Growth In Third Quarter And Updates 2017 Financial Outlook

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Go back to McCormick Reports Strong Sales And Profit Growth In Third Quarter And Updates 2017 Financial Outlook

McCormick & Co. (MKC) Tops Q3 EPS by 6c; Guides Above Views

September 28, 2017 6:32 AM EDT

McCormick & Co. (NYSE: MKC) reported Q3 EPS of $1.12, $0.06 better than the analyst estimate of $1.06. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.17 billion.

GUIDANCE:

McCormick & Co. sees FY2017 EPS of $4.20-$4.24, versus the consensus of $4.13.

Lawrence E. Kurzius, Chairman, President and CEO, stated, "Our strong third quarter financial results continue our growth momentum and reflect the effectiveness of our strategies and engagement of our employees around the world. We are driving both sales growth and significant productivity improvements resulting in adjusted operating margin... More