McCormick up after third-quarter sales beat estimates
MKC•McCormick reported third-quarter sales of $2.02 billion, topping estimates of $1.98 billion, and adjusted profit rose 1.2% to 86 cents per share. The company reaffirmed its annual sales and profit forecast.
1. Quarterly results
McCormick’s third-quarter sales beat estimates, helped by resilient demand for its seasonings and sauces despite tightening budgets and macroeconomic uncertainty. Adjusted profit rose 1.2% to 86 cents per share, and the company reaffirmed its annual sales and profit forecast.
