- McCormick press release (NYSE:MKC): Q2 Non-GAAP EPS of $0.69 beats by $0.10.
- Revenue of $1.64B (-1.2% Y/Y) beats by $10M.
- These comparisons reflect volume growth in Consumer, offset by volume declines in Flavor Solutions.
- McCormick projects 2024 earnings per share to be in the range of $2.76 to $2.81, compared to $2.52 of earnings per share in 2023. The Company expects special charges to lower earnings per share by $0.04 in 2024. Excluding these impacts in 2024 and 2023, the Company projects 2024 adjusted earnings per share to be in the range of $2.80 to $2.85, compared to $2.70 of adjusted earnings per share in 2023, which represents an expected increase of 4% to 6%, or in constant currency 5% to 7%. For fiscal 2024, the Company expects strong cash flow driven by profit and working capital initiatives and anticipates returning a significant portion of cash flow to shareholders through dividends.
McCormick Non-GAAP EPS of $0.69 beats by $0.10, revenue of $1.64B beats by $10M
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| Symbol | Last Price | % Chg |
|---|---|---|
| MKC | - | - |
| McCormick & Company, Incorporated | ||