McCormick & Company (MKC) PT Raised to $137 at Credit Suisse
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McCormick Reports Double Digit Third Quarter Sales and Profit Growth and Increases 2018 Earnings Per Share Outlook
September 27, 2018 6:30 AM EDTHUNT VALLEY, Md., Sept. 27, 2018 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2018 and updated its latest financial outlook for fiscal year 2018.
Sales rose 14% in the third quarter from the year-ago period with minimal impact from currency and strong results in both the consumer and flavor solutions segments.Operating income was $233 million in the third quarter compared to $169 million in the year-ago period. Adjusted operating income was $242... More