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
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was