McCormick Reports Double Digit Second Quarter Sales and Profit Growth

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Go back to McCormick Reports Double Digit Second Quarter Sales and Profit Growth

McCormick & Co. (MKC) Tops Q2 EPS by 9c, Reaffirms FY18 Guidance

June 28, 2018 6:31 AM EDT

McCormick & Co. (NYSE: MKC) reported Q2 EPS of $1.02, $0.09 better than the analyst estimate of $0.93. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.32 billion.

2018 Financial Outlook

McCormick reaffirmed its 2018 sales, operating income and earnings per share guidance.

In 2018, the company expects to grow sales 13% to 15% compared to 2017, including two percentage points favorable impact from currency rates. The company expects to drive sales growth with the incremental impact of acquisitions completed in 2017, new products, brand marketing and expanded distribution. Sales growth is also expected to... More