McCormick & Co. (MKC) Tops Q4 EPS by 4c; Guides Above

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McCORMICK REPORTS RECORD SALES GROWTH IN 2021 AND PROVIDES OUTLOOK FOR 2022

January 27, 2022 6:30 AM EST

HUNT VALLEY, Md., Jan. 27, 2022 /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, 2021.

For fiscal year 2021, sales rose 13% from the prior year. In constant currency, the Company grew sales 11% driven by strong growth in both the Consumer and Flavor Solutions segments. Earnings per share increased to $2.80 from $2.78 in 2020. Adjusted earnings per share rose 8% to $3.05 from $2.83.   For the fourth quarter, sales increased 11% from the year-ago period. In constant currency,... More