Categories Consumer, Earnings

Highlights of McCormick & Company’s (MKC) Q1 2024 earnings report

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

BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues

Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to

Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights

Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per

BA Earnings: Highlights of Boeing’s Q1 2024 financial results

The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top