McCormick & Co. Beats Q2 Earnings Estimates with $0.69 EPS, Stock Rises 3.8%

McCormick & Co. reported strong second-quarter earnings for 2024, surpassing market expectations. The company posted an adjusted earnings per share (EPS) of $0.69, beating the estimated $0.59. Revenue for the quarter reached $1.64 billion, slightly above the forecasted $1.63 billion. The positive results were driven by robust demand for its spices and seasonings in Europe, the Middle East, and Africa (EMEA). McCormick also reaffirmed its fiscal year 2024 guidance, projecting an EPS range of $2.80 to $2.85. Following the earnings announcement, McCormick's stock rose by 3.8% in pre-market trading and increased by 3.00% overall.