McCormick & Co. (MKC) Tops Q1 EPS by 14c, Offers Guidance

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Go back to McCormick & Co. (MKC) Tops Q1 EPS by 14c, Offers Guidance

McCormick Reports Double Digit First Quarter Growth And Increases 2021 Financial Outlook

March 30, 2021 6:30 AM EDT

HUNT VALLEY, Md., March 30, 2021 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the first quarter ended February 28, 2021.

Sales rose 22% in the first quarter from the year-ago period. In constant currency, the company grew sales 20% with growth in both the Consumer and Flavor Solutions segments.    Operating income was $236 million in the first quarter compared to $194 million in the year-ago period. Adjusted operating income was $263 million, an increase of 35% from $195 million in the first quarter of 2020, and a 32% increase in... More