McCormick & Co. (MKC) Tops Q3 EPS by 6c; Guides Above Views
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McCormick Reports Strong Sales And Profit Growth In Third Quarter And Updates 2017 Financial Outlook
September 28, 2017 6:30 AM EDTSPARKS, Md., Sept. 28, 2017 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2017 and provided its latest financial outlook for fiscal year 2017.
Sales rose 9% in the third quarter from the year-ago period. In constant currency, the company grew sales 8%, with strong results in both the consumer and industrial segments. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Operating income was $169 million in the third quarter compared to $168 million in the year-ago period. Adjusted operating income was $204 million, an 18% increase from $172 million in the third quarter of 2016, and a 19% increase in constant... More