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McCormick & Company $MKC has released its quarterly earnings. Revenue of $1.68B (-0.30% YoY) beats by $10M. EPS of $0.83 (+27.69% YoY) beats by $0.16.
McCormick & Co Inc $MKC Earnings: - Diluted EPS of $0.83 - Adjusted Diluted EPS of $0.83 - Revenue of $1.68 billion Brendan M. Foley, President and CEO, stated, “We are pleased with our year to date performance, which was in line with our expectations and reflects the success… https://t.co/MAPIKZi4zJ
$MKC (+1.9% pre) Earnings snapshot: McCormick tops Q3 estimates, FY EPS outlook beats - SA https://t.co/NaGh7phIQW
McCormick & Company (NYSE: MKC) reported its third-quarter earnings, showcasing a strong financial performance. The company achieved an operating income of $287 million, up from $245 million in the same period last year. Adjusted operating income was $288 million, compared to $251 million previously. Earnings per share (EPS) for the quarter were $0.83, reflecting a significant increase from the prior year's figure. Adjusted Diluted EPS was also $0.83. McCormick's revenue for the quarter stood at $1.68 billion, slightly down by 0.30% year-over-year but still surpassing estimates by $10 million. The company's CEO, Brendan M. Foley, expressed confidence in achieving the mid to high-end of their projected sales growth for 2024, reinforcing the positive outlook. McCormick's stock rose by 1.9% in pre-market trading following the earnings announcement.
