McCormick & Co. (MKC) Tops Q3 EPS by 1c, Offers Guidance, Plans 2-for-1 Stock Split
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McCormick Reports Strong Third Quarter Results, Provides 2020 Outlook And Announces 2-For-1 Stock Split
September 29, 2020 6:30 AM EDTHUNT VALLEY, Md., Sept. 29, 2020 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2020.
Sales rose 8% in the third quarter from the year-ago period. In constant currency, the company grew sales 9% with significant consumer segment growth partially offset by a low single digit sales decline in the flavor solutions segment. Operating income was $273 million in the third quarter compared to $254 million in the year-ago period, an increase of 8%. Adjusted operating income was also $273... More