Categories AlphaGraphs, Consumer, Earnings
MKC Earnings: Highlights of McCormick & Company’s Q2 2023 financial results
McCormick & Company, Inc. (NYSE: MKC), a manufacturer and distributor of seasoning mixes and other flavorful products, announced financial results for the second quarter of 2023, reporting higher earnings and revenues.
Second-quarter sales increased 8% year-over-year to $1.66 billion. The Consumer and Flavor Solutions segments grew 5% and 11%, respectively.
Net income increased to $152.1 million or $0.56 per share in Q2 from $118.5 million or $0.44 per share in the corresponding period of 2022. On an adjusted basis, the company reported earnings of $0.60 per share, up 25%.
Looking ahead, the management expects adjusted earnings per share to be in the range of $2.60 to $2.65 in fiscal 2023, higher than the previously reported guidance of $2.56-$2.61 per share.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
