— McCormick & Company Incorporated (NYSE: MKC) reported Q1 2020 earnings of $1.08 per share, vs. $1.03 expected.
— Sales fell 2% to $1.21 billion, vs. $1.23 billion
expected.
— Consumer segment sales dropped 6% year-over-year to
$699.5 million.
— Flavor Solutions segment sales grew 5% to $512.5 million.
— McCormick withdrew its FY2020 guidance due to the
COVID-19 outbreak. The company expects to resume its guidance at the time of
its Q2 results in June.
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— MKC shares were up slightly in premarket hours on
Tuesday.