McCormick Reports Strong Second Quarter Performance And Updates Financial Outlook
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McCormick & Co. (MKC) Tops Q2 EPS by 8c; Raises FY19 EPS Outlook
June 27, 2019 6:33 AM EDTMcCormick & Co. (NYSE: MKC) reported Q2 EPS of $1.16, $0.08 better than the analyst estimate of $1.08. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.31 billion.
Sales in the second quarter were comparable to the year-ago period. In constant currency, the company grew sales 3% with growth driven by both the consumer and flavor solutions segments in all three regions.Operating income was $208 million in the second quarter compared to $189 million in the year-ago period. Adjusted operating income was $215 million, a 5% increase from $205 million in the second quarter of 2018, and an... More