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

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

McCormick Reports 2019 Financial Results And Provides Outlook For 2020

January 28, 2020 6:30 AM EST

HUNT VALLEY, Md., Jan. 28, 2020 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the fourth quarter and fiscal year ended November 30, 2019.  The company also provided its outlook for 2020.

For fiscal year 2019, sales rose 1% from the prior year.  In constant currency, the company grew sales 3%, driven by both the consumer and flavor solutions segments.   Earnings per share decreased to $5.24 from $7.00, which in 2018 included a $2.26 net non-recurring benefit of the U.S. Tax Act.  Adjusted earnings per share rose 8% to $5.35 from $4.97... More