McCormick Reports Strong Third Quarter Results, Provides 2020 Outlook And Announces 2-For-1 Stock Split

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Go back to McCormick Reports Strong Third Quarter Results, Provides 2020 Outlook And Announces 2-For-1 Stock Split

McCormick & Co. (MKC) Tops Q3 EPS by 1c, Offers Guidance, Plans 2-for-1 Stock Split

September 29, 2020 6:35 AM EDT

McCormick & Co. (NYSE: MKC) reported Q3 EPS of $1.53, $0.01 better than the analyst estimate of $1.52. Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.39 billion.

GUIDANCE:

McCormick & Co. sees FY2020 EPS of $5.64-$5.72, versus the consensus of $5.76.

Fiscal Year 2020 Financial Outlook

McCormick previously withdrew its fiscal 2020 guidance on March 31, 2020. While recognizing the operating environment continues to evolve and there remains a degree of uncertainty about the pace and shape of the COVID-19 recovery, the company believes the shift in consumer demand to at home... More