Categories AlphaGraphs, Consumer, Earnings

MKC Earnings: Key quarterly highlights from McCormick & Company’s Q1 2023 financial results

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.

Prior performance

McCormick-Q4-2022-Earnings-Infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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