McCormick & Company, Incorporated (NYSE: MKC) reported first quarter 2023 earnings results today. Sales increased 3% year-over-year to $1.56 billion. Sales growth was 5% in constant currency. Net income was $139.1 million, or $0.52 per share, compared to $155 million, or $0.57 per share, last year. Adjusted EPS was $0.59. Both the top and bottom line […]
“McCormick & Company, Incorporated (NYSE: MKC) reported first quarter 2023 earnings results today. Sales increased 3% year-over-year to $1.56 billion. Sales growth was 5% in constant currency. Net income was $139.1 million, or $0.52 per share, compared to $155 million, or $0.57 per share, last year. Adjusted EPS was $0.59. Both the top and bottom line […]
· March 28, 2023
McCormick & Company, Incorporated (NYSE: MKC) reported first quarter 2023 earnings results today.
Sales increased 3% year-over-year to $1.56 billion. Sales growth was 5% in constant currency.
Net income was $139.1 million, or $0.52 per share, compared to $155 million, or $0.57 per share, last year. Adjusted EPS was $0.59.
Both the top and bottom line numbers beat expectations.
The company expects sales to grow 5-7% YoY while adjusted EPS is estimated to be $2.56-2.61 in FY2023.
