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Stock impact report

McCORMICK REPORTS SECOND QUARTER PERFORMANCE AND UPDATES 2022 OUTLOOK

McCormick & Company, Incorporated (MKC) 
Last mccormick & company, incorporated earnings: 3/31 06:30 am Check Earnings Report
Company Research Source: PR Newswire
HUNT VALLEY, Md., June 29, 2022 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2022.Sales declined 1% in the second quarter from the year-ago period and, in constant currency, sales were comparable to the year-ago period. Both comparisons reflect strong underlying sales growth offset by the impact of discrete items, including the impact of COVID-related lockdowns in China and the conflict in Ukraine.Operating income was $157 million in the second quarter compared to $237 million in the year-ago period. Adjusted operating income was $174 million compared to $258 million in the second quarter of 2021.Earnings per share was $0.44 in the second quarter as compared to $0.68 in the year-ago period. Adjusted earnings per share was $0.48 as compared to $0.69 in the year-ago period.For fiscal year 2022, McCormick updated its sales, operating income, and earnings per share outlook.Cha Show less Read more
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