McCormick & Co. (MKC) Tops Q1 EPS by 9c, Offers FY Guidance

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Go back to McCormick & Co. (MKC) Tops Q1 EPS by 9c, Offers FY Guidance

McCormick Reports Strong First Quarter Results And Updates 2018 Financial Outlook

March 27, 2018 6:30 AM EDT

SPARKS, Md., March 27, 2018 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the first quarter ended February 28, 2018 and updated its latest financial outlook for fiscal year 2018.

Sales rose 19% in the first quarter from the year-ago period.  In constant currency, the company grew sales 15%, with strong results in both the consumer and flavor solutions segments. Operating income was $184 million in the first quarter compared to $134 million in the year-ago period.  Adjusted operating income was $195 million, a 41% increase from... More