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Stock impact report

McCormick Lowers Profit View Despite Q3 Earnings & Sales Beat [Yahoo! Finance]

McCormick & Company, Incorporated (MKC) 
Last mccormick & company, incorporated earnings: 3/31 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
volume-led growth and resilience in a challenging cost environment. Both earnings and sales increased year over year and surpassed the Zacks Consensus Estimate. Adjusted earnings of 85 cents per share improved from 83 cents in the year-ago quarter and exceeded the Zacks Consensus Estimate of 81 cents. The increase was driven by higher operating income and disciplined cost management, partially offset by a soft gross margin due to rising commodity costs and tariffs. McCormick & Company, Incorporated Price, Consensus and EPS Surprise McCormick & Company, Incorporated price-consensus-eps-surprise-chart | McCormick & Company, Incorporated Quote The global flavor leader generated net sales of $1,724.9 million, up 3% year over year, including a 1% positive currency impact. The top line beat the consensus mark of $1,715 million. Organic sales grew 2%, led by volume growth of greater than 1%, as well as a 1% contribution from pricing. MKC's Quarterly Performance: Key Metrics & Insig Show less Read more
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