McCormick Reports 2019 Financial Results And Provides Outlook For 2020

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Go back to McCormick Reports 2019 Financial Results And Provides Outlook For 2020

McCormick & Co. (MKC) Reports In-Line Q4 EPS

January 28, 2020 6:33 AM EST

McCormick & Co. (NYSE: MKC) reported Q4 EPS of $1.61, in-line with the analyst estimate of $1.61. Revenue for the quarter came in at $1.48 billion versus the consensus estimate of $1.52 billion.

GUIDANCE:

For fiscal year 2020, McCormick expects to increase sales year-on-year by 2% to 4%. The company expects strong underlying business performance to drive operating income and earnings per share growth, offset by a significant incremental investment associated with business transformation and a higher projected effective tax rate.

Lawrence E. Kurzius, Chairman, President and CEO, stated, "The breadth and reach of our... More