McCormick & Co. (MKC) Tops Q2 EPS by 35c
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McCormick Reports Strong Second Quarter Sales And Profit Growth
June 25, 2020 6:30 AM EDTHUNT VALLEY, Md., June 25, 2020 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2020.
Sales rose 8% in the second quarter from the year-ago period. In constant currency, the company grew sales 10% with significant consumer segment growth partially offset by a substantial sales decline in the flavor solutions segment. Operating income was $257 million in the second quarter compared to $208 million in the year-ago period, an increase of 24%. Adjusted operating income was $260 million, an increase of 21%... More