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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%