McCormick & Company, Incorporated (NYSE: MKC) Tuesday reported an increase in sales and adjusted profit for the first quarter of 2024.
- The food company’s sales increased 3% year-over-year in the first quarter to $1.6 billion; in constant currency, sales grew 2%
- Operating income was $234 million in the first quarter, compared to $199 million in the year-ago period
- Earnings, on a per-share basis, advanced to $0.62 in the February quarter from $0.52 in the same period last year
- Adjusted earnings rose 7% annually to $0.63 per share in the first quarter from $0.59 per share a year earlier
- Cash flow from operations was $138 million in Q1, vs. $103 million in the first quarter of 2023
- The company reaffirmed its sales, operating profit, and adjusted earnings per share outlook for fiscal 2024
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings
A look at how Disney’s (DIS) entertainment business performed in Q2 2024
Shares of the Walt Disney Company (NYSE: DIS) stayed green on Wednesday. The stock has gained 16% year-to-date. The company recorded revenue and earnings growth for the second quarter of
Uber Technologies reports wider loss for Q1 2024; revenue up 15%
Uber Technologies, Inc. (NYSE: UBER) on Wednesday reported a wider net loss for the first quarter of 2024. Revenues of the ride-sharing giant increased 15% during the three months. Net