McCormick & Co. (MKC) Tops Q1 EPS by 1c; Guides FY17 In-Line
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McCormick Reports On First Quarter Results And Latest Financial Outlook
March 28, 2017 6:30 AM EDTSPARKS, Md., March 28, 2017 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the first quarter ended February 28, 2017 and provided its latest financial outlook for fiscal year 2017.
Sales rose 1% in the first quarter from the year-ago period.  In constant currency, the company grew sales 4%, with increases in both the consumer and industrial segments. McCormick increased gross profit margin to 39.6% from 39.3% in the first quarter of 2016. Operating income was $134 million in the first quarter compared to $129 million in the year-ago... More