McCormick & Co. (MKC) Tops Q1 EPS by 9c, Reaffirms 2019 Financial Outlook
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McCormick Reports Strong First Quarter Performance And Reaffirms 2019 Financial Outlook
March 26, 2019 6:30 AM EDTHUNT VALLEY, Md., March 26, 2019 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the first quarter ended February 28, 2019 and reaffirmed its financial outlook for fiscal year 2019.
Sales rose 1% in the first quarter from the year-ago period. In constant currency, the company grew sales 4%, with strong results in both the consumer and flavor solutions segments. Â Operating income was $197 million in the first quarter compared to $181 million in the year-ago period. Adjusted operating income was $199 million, a 4% increase from... More